UPIC definition

UPIC means the Universal Payment Identification Code, which is a unique number that identifies both an eligible account at a UPIC Participant, and the UPIC Participant that holds the eligible account. Capitalized terms in this T&C, not otherwise defined, are defined in the Electronic Payments Network Rules of Membership and the Operating rules, or such later revisions as may be adopted, including, but not limited to, the Rules pertaining to UPICs (EPN UPIC Rules), all collectively referred to as the EPN Rules. This section applies only to ACH Services processed within the United States of America and its territories.
View Source
UPIC has the meaning set forth in the introduction.
View Source

Examples of UPIC in a sentence

  • This UPIC can be published as part of Customer’s ACH payment instructions thereby allowing Customer to safeguard its actual bank account information while facilitating its receipt of ACH payments.

  • ACH UPIC Identification utilizes a unique Universal Payment Identification Code (UPIC) that takes the place of Customer’s account number on an ACH payment transaction made payable to Customer.

  • A universal payment identification code (UPIC) will be assigned to the FEA’s deposit account to be used when funds are deposited (direct deposit/AC) into the account.

  • Under Payment Identification Code or "UPIC" service provides a unique the UPIC Service, we act as the receiving depository financial institution number assigned to one of your SunTrust demand deposit accounts, or"RDFI"with respect to UPIC entries that are sent to us on your behalf.

  • North American UPIC qualified nonmember companies may sponsor if they are in good standing with PPAI, have executed the sponsor’s contract and paid all related nonmember fees.

  • Details regarding UPIC's functionality Payments Company L.L.C. and certain formatting and other technical requirements that you must follow when using the UPIC service are provided in the UPIC reference 3.

  • Your use of the UPIC service allows you to mask Clearing House Association "NACHA" Rules and to comply with any your banking relationship and account number to reduce the risk of UPIC rules and procedures as adopted by The Clearing House fraudulent use of your account.

  • The UPIC number is only to be used your use of the UPIC service at any time.

  • The UPIC service may only be used for a materials as we update them from time to time.

  • The SunTrust Universal UPIC service profiles as they are in effect at the relevant time.