Smart Pay definition

Smart Pay refers to the service allowing a purchase made using a Card to be converted into instalment payments.
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Smart Pay. Programme means the smart pay programme made available by RHB Islamic Bank in relation to the Card.
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Examples of Smart Pay in a sentence

  • In addition to being used for domestic cash withdrawal, Smart Pay and fund transfer within the boundaries and terms of the Bank's IC ATM card agreement, the card may also be used to make purchases against signature at local and overseas merchants, in which the Bank has been instructed by the cardholder to collect proceeds from the cardholder's TWD demand deposit account to fulfill the merchant's claim.

  • The Principal is advised to retain transaction records on all Smart Pay payments, refunds and cancellations made using the IC ATM card at any physical or virtual domestic merchant.

  • A provider of goods, services or other transactions that has prior arrangement with an acquirer to accept Smart Pay from holders of an IC ATM card.

  • When applying for an IC ATM card with debit functionality, the daily debit limit for each account is the equivalent of NT$150,000 (aggregate sum for domestic withdrawal in foreign currency, domestic/overseas withdrawals, domestic/overseas Smart Pay, and debit card transactions).

  • The Applicant may deactivate the QR Code Smart Pay function via mobile banking settings, and may activate the function in the same place when later needing to use the service.

  • The Principal agrees that the Bank may outsource Smart Pay operations and any other activities relevant to the agreement to third parties in manners that are compliant with the authority.

  • However, the cardholder’s responsible amount for fraudulent use in the contactless Smart Pay transaction (excluding the transactions done by the card with the password) is capped at NTD3,000.

  • The Principal is responsible for the safekeeping of the IC ATM card and password, and is fully aware that all domestic Smart Pay transactions made using the IC ATM card and password are regarded as having been carried out by the Principal.

  • The QR Code Smart Pay service is calculated as part of the spending limit for the IC ATM card; and the total amount of spending per day per account shall not exceed the equivalent of NT$150,000 (aggregate sum for domestic withdrawals, overseas withdrawals and overseas Smart Pay transactions).

  • Refers to a financial institution that a merchant partners with to accept Smart Pay from the Principal.

Related to Smart Pay

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Sponsor’s Fee means the fee to be paid to the Sponsor, which for each day shall be equal to (.004/365 or 366, depending on the number of days in the year) multiplied by (the Swiss Francs in the Trust as of the close of business on the preceding Local Business Day, which shall include all unpaid interest but exclude unpaid fees, each as accrued through the immediately preceding day).

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;