SCD Service definition

SCD Service refers to the Shared Cash Dispensing service whereby a cardholder presenting an eligible card and valid PIN at the Terminal is able to access their bank account and receive cash from the Terminal, in accordance with the procedures and standards established by Interac®.
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SCD Service has the meaning attributed to it in the 3rd Recital of this Agreement.
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Examples of SCD Service in a sentence

  • Canmor is engaged in the sales & service of automated bank machines (Terminals) and is a certified ISO in the Canadian SCD Service industry engaged in connecting Terminals, through an Interac® Acquirer Switch, to a Network and/or third party processor to facilitate and conduct cardholder Transactions.

  • Merchant understands and acknowledges that, upon demonstration and in the event of a Surcharge or Interchange rate change or a change in direct SCD Service costs payable to providers or Networks, or a change in Transaction fee revenue due to a change in Network rule or other law or regulation which affects fees payable, that are beyond the control of Canmor, the Merchant's fees and/or profits may also be adjust accordingly.

  • TCS agrees to perform all services that may be necessary or required for TCS to act and/or function as, and to represent the Customer as, the Settlement Agent for the Customer in the SCD Service, all in accordance with and pursuant and subject to: The terms and conditions of this Agreement; and The Interac Association Regulations.

  • The Customer hereby appoints TCS and authorizes TCS to act as the Settlement Agent for the Customer in the SCD Service, and TCS hereby acknowledges, confirms and agrees to such appointment and authorization by the Customer.

  • The Customer hereby appoints TCS and authorizes TCS to act as the Connection Service Provider to the Customer for the SCD Service and TCS hereby acknowledges, confirms and agrees to such appointment and authorization by the Customer.

  • TCS Services, 2.1 Service Provider 2.2 Surcharging 2.3 Settlement Agent 2.4 Covenants with respect to the SCD Service 3.

  • SBC-SCD02 ================================================================================ the purposes of settlement by TCS of funds payable to the Customer by reason of the exchange of messages in the SCD Service.

  • SCD: Service Computation Date, a date, either actual or constructed, used to determine benefits that are based on how long a person has been in Federal service.

  • In addition, Company's Service Operations Manager shall cooperate with Distributor's senior management to do joint assessments of each of the Europe and Asia SCD Service Directors and discuss and agree upon such individuals strategic and tactical objectives and incentive programs.