Processing Rate definition
Examples of Processing Rate in a sentence
The File Processing Rate represents the percentage of files each calendar month that are made available for that evening’s or, in the case of weekends or holidays, the next applicable core processing update or in accordance with any other deadlines to be mutually established by the parties during implementation.
Monthly File Processing Rate < 92%: credit of *****% of that calendar month’s CCX fees.
Contractor shall then continue to perform in accordance with this Contract, whereupon, Contactor shall begin invoicing on a time and materials basis, up to a maximum of $915,000.00 or until September 30, 2021, whichever occurs first, in accordance with Amendment No. 4, Attachment A, Section 26 and Attachment B, Rate Card in Table 9.4 Premium Processing Rate Card below.
The File Processing Rate represents the percentage of files each calendar month that are made available in accordance with the deadlines that will be established during implementation, which will be mutually agreed to by both parties and in effect at the time of target measurement.
FIS agrees to meet the target rates and provide a credit for failure to meet such targets as set forth below: Target Rate Monthly File Processing Rate ≥ 98%: no credit.
The “applicable percentage” shall be 100% for the GW Processing Rate, and 90% for the MOW Processing Rate.
Monthly File Processing Rate ³ 92% and < 94%: credit of *****% of that calendar month’s CCX fees.
No Processing Rate fees are credited back in the event of a refund or credit.
These fees for processing also include the processing costs of the shoppers bank card in addition to the complete management and accounting service for the Vendor: - Processing In: - Money from Players Debit Account to the Licensee's site and Debit/Credit Card Processing: Rate: 5.5% - Withdrawals from the Licensee's site back to the Debit Account for payment to Vendor or return to Customer Debit Account: Rate: 2.5% Additional programs as created by WINNERS and are accepted by the Licensee.
FIS agrees to meet the target rates and provide a credit for failure to meet such targets as set forth below: Monthly File Processing Rate ³ 98%: no credit.