Processing Mechanism definition

Processing Mechanism means the payment mechanism through the internet or such other mode of payment and delivery as may be notified by RapiPay from time to time, including but not limited to Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and/or UPI (defined hereinafter).
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Processing Mechanism means the mechanism utilizing the payment channels of the Payment Service Providers through Bank Services and/or through such other modes and mechanisms of payment, as may be notified by Bank from time to time;
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Processing Mechanism means the payment mechanism through the internet utilizing the Payment Gateway Networks of Acquiring Banks including steps relating to Authentication and Authorisation for the purpose of effecting the transfer of funds from the Customer’s account to PSP’s nodal account followed by settlement of such funds to the Merchant’s account.
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Examples of Processing Mechanism in a sentence

  • Subject to the terms and conditions hereinafter contained and in consideration of the payment of the Fees set out in Clause 3 of the Agreement, NDML shall by itself or in association with its Third Party Service Provider provide to Entity, services of providing the Processing Mechanism for obtaining Authentication and Authorisation of payments by Citizens from time to time (these services are hereinafter referred to as ‘Payments Services’).

  • Income includes wage, profit or other income from labour, pensions or social security.

  • Taken together, these two harms led to an even more dangerous threat against social and political liberty.

  • NDML represents that its ability to provide the Payments Services, at any time, is contingent upon the various banks, Card Issuers and Payment Gateway Providers, agreeing to allow and continuing to allow, the usage of the Processing Mechanism by Entity for collection of Payment Amount(s) from its Citizens.

  • In relation to the Processing Mechanism, NDML / Third Party Service Provider shall be entitled to seek deletion of the display of any material on the Entity Website if the act or manner of such display is mis-representative of the services of NDML / Service Provider, in the sole and exclusive opinion of NDML.

  • In the event of any Partner Bank/Payment Gateway Provider not agreeing to extend or keep extended, for any reason whatsoever, the usage of the Processing Mechanism for processing transactions of Entity and/or its Citizens, NDML shall not be able to provide/keep provided the Payments Services in respect of that particular Partner Bank/Payment Gateway Provider.

  • Entity shall satisfy itself with the quality of the integration and the connectivity prior to the installation of the same and any Orders being placed through the Processing Mechanism.

  • Whilst the NDML/ Third Party Service Provider shall use its best endeavors to ensure that there is no breakdown/ interruption or any technical flaw in the Processing Mechanism, Entity shall not hold NDML /Third Party Service Provider responsible for any breakdown / interruption or any technical flaw in the Processing Mechanism and/or any consequent delay or failure in completion of payment instructions as a consequence thereof.

  • Entity also agrees that it shall protect the technology and the proprietary software of NDML/Third Party Service Provider and the Processing Mechanism.

  • NDML’s sole obligation and Entity’s sole and exclusive remedy in the event of interruption to the Services or loss of use and/or access to NDML’s Site and/or the Payment Gateway Providers facilities / services, shall be to use all reasonable endeavors to restore the Services and/or access to the Processing Mechanism as soon as reasonably possible.


More Definitions of Processing Mechanism

Processing Mechanism means the payment mechanism through any permissible mode of payment and delivery as may be notified by Ujjivan SFB from time to time, including but not limited to Immediate Payment Service (“IMPS”), National Electronic Funds Transfer (“NEFT”), Real Time Gross Settlement (“RTGS”) and/or UPI (defined hereinafter).
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Related to Processing Mechanism

  • Alternative Payment Mechanism means, with respect to any securities or combination of securities (together in this definition, “such securities”), provisions in the related transaction documents requiring the Corporation to issue (or use commercially reasonable efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such securities and apply the proceeds to pay unpaid Distributions on such securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such securities and (y) the fifth anniversary of the commencement of such deferral period, and that

  • Residual market mechanism means an arrangement, either voluntary or mandated by law, involving participation by insurers in the equitable apportionment among them of insurance which may be offered to applicants who are unable to obtain insurance through ordinary methods.

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;

  • Replacement Product means electric generating capacity, capacity-related benefits, environmental attributes, Energy or other electric products from a generation resource other than the Facility that are provided or delivered to replace or substitute for Contract Capacity or Storage Capacity (or any Capacity-Related Benefit, Environmental Attribute, Other Electric Product, Contract Energy, or Storage Energy associated therewith), in each case, in whole or in part, pursuant to Section 4.6.

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Disinfection profile means a summary of Giardia lamblia inactivation through the treatment plant.

  • Alternative Diesel Fuel means any fuel used in a CI engine that is not commonly or commercially known, sold, or represented by the supplier as diesel fuel No. 1-D or No. 2-D, pursuant to the specifications in ASTM D975-81, “Standard Specification for Diesel Fuel Oils,” as modified in May 1982, which is incorporated herein by reference, or an alternative fuel, and does not require engine or fuel system modifications for the engine to operate, although minor modifications (e.g., recalibration of the engine fuel control) may enhance performance. Examples of alternative diesel fuels include, but are not limited to, biodiesel that does not meet the definition of CARB diesel fuel; Fischer-Tropsch fuels; emulsions of water in diesel fuel; and fuels with a fuel additive, unless:

  • Instantaneous flow measurement means the flow measured during the minimum time required for the flow-measuring device or method to produce a result in that instance. To the extent practical, instantaneous flow measurements coincide with the collection of any grab samples required for the same sampling period so that together the samples and flow are representative of the discharge during that sampling period.

  • Switched Access Detail Usage Data means a category 1101xx record as defined in the EMI iconectiv Practice BR 010-200-010.

  • Automated external defibrillator or “AED” means an external semiautomatic device that determines whether defibrillation is required.

  • secondary processing means concentration or other beneficiation of iron ore other than by crushing or screening and includes thermal electrostatic magnetic and gravity processing and agglomeration, pelletization or comparable changes in the physical character of iron ore;

  • Blending means either the mixing of originally segregated Binned Grades within a Facility or during the outturn process.

  • Direction-indicator lamp means the lamp used to indicate to other road-users that the driver intends to change direction to the right or to the left;

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • User Interface means the interface for the Hosted Services designed to allow individual human users to access and use the Hosted Services.

  • Excess Concentration means the sum of the following amounts, without duplication:

  • User Interface(s means any technologies thatiii. Customer owns and/or for which Customer has secured an appropriate license/subscription and is/areiv. used to develop/manage user interaction features and characteristics for ERP. Solely for clarity regarding ERP licensing requirements under a contract, User Interfaces for ERP shall be deemed part of ERP and therefore require human users Using ERP via such User Interfaces to have a “Named User” and/or “User” license for ERP, as applicable.

  • Process Gas means gas used for which altemate fuels, other than another gaseous fuel, are not technically feasible such as in applications requiring precise temperature controls and precise flame characteristics.

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region. Generation Interconnection Request:

  • ACH means automated clearing house transfers.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Alternative nicotine product means any vaping product, whether or not it includes nicotine, including electronic smoking devices, that can be ingested into the body by chewing, smoking, absorbing, dissolving, inhaling, or by any other means. ‘Alternative nicotine product’ does not include:

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • Data Processing Equipment means any equipment, computer hardware, or computer software (and the lease or licensing agreements related thereto) other than Personal Computers, owned or leased by the Failed Bank at Bank Closing, which is, was, or could have been used by the Failed Bank in connection with data processing activities.