Prenotification definition
Examples of Prenotification in a sentence
In the event that Sub-Merchant chooses to originate a non-dollar Prenotification Entry to verify the accuracy of routing and account numbers, Sub-Merchant agrees not to initiate live dollar Entries until at least six (6) banking days following the settlement date of the Prenotification Entry.
ONJOB (This is work completed only, or the status e.g. re-planned) 1C/D – Pre-notification of Asset Installation* 2C/D – Pre-notification of Asset Removal 3C/D– Pre-notification of Asset Exchange 1J /K – Notification of Asset Installation 2J /K – Notification of Asset Removal 3J /K – Notification of Asset Exchange • IGT will send ONJOB notifications to supplier for all installations, removals and exchanges carried out by the IGT MEM.
Pre-notification encompasses ancillary hospital and medical appropriateness review as well as mental health and substance abuse pre-admission review and medical appropriateness review.
If Fattmerchant provides notice that a Prenotification Entry was rejected or returned, Sub-Merchant shall research the problem and make any necessary corrections before transmitting another Entry.
If WorkWave provides notice that a Pre-notification Entry was rejected or returned, Sub-Merchant will research the issue and make any necessary corrections before transmitting another Entry.
In the event that Sub-Merchant chooses to originate a Pre-notification Entry to verify the accuracy of routing and account numbers, Sub-Merchant agrees not to initiate live dollar Entries until at least six (6) Banking Days after the settlement date of the Pre-notification Entry.
Waiver/Modification of Pre-notification/ Confirmation periods A Payor’s PAD Agreement that provides for Personal PADs or Business PADs to be issued at Set Intervals may permit the Payor and Payee to mutually waive Pre-notification or modify the Pre-notification/Confirmation requirements of Rule H1 provided the Payor specifically indicates its acceptance of the waiver or modification in the Payor’s PAD Agreement or otherwise by way of a separate Authorization.
Following the origination of a Prenotification Entry to a Receiver’s account, the Company may advance with subsequent Entries to the Receiver’s account post the third Banking Day subsequent to the Settlement Date of the Prenotification Entry.
In instances where the ODFI is in receipt of a Return Entry or a Notification of Change, arising from the Prenotification, by the commencement of business on the second Banking Day post the Settlement Date of the Prenotification, the Company is obligated to refrain from transmitting any subsequent Entries to the Receiver’s account until the cause for the Return Entry is rectified or the adjustments as stipulated by the Notification of Change are implemented.
A Prenotification must be transmitted at least ten but no more than fifteen (15) Banking Days of the Bank prior to the Entry or On Us Entry to which it related.