Bulk Electronic Clearing System definition

Bulk Electronic Clearing System or “BECS” means the system known as the Bulk Electronic Clearing System that has the role of managing the conduct of the exchange and settlement of bulk electronic low value transactions in Australia.
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Bulk Electronic Clearing System. (BECS) means the settling of transferred funds between accounts by financial institutions.
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Bulk Electronic Clearing System means the system established by the Australian Payments Clearing Association to manage the conduct of the exchange and settlement of bulk electronic low value transactions and includes any replacement system.
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Examples of Bulk Electronic Clearing System in a sentence

  • This debit or charge will be made through the Bulk Electronic Clearing System (BECS) from your account held at the financial institution you have nominated below and will be subject to the terms and conditions of the Direct Debit Request Service Agreement.

  • The direct debit will be made through the Bulk Electronic Clearing System (BECS) from the account below.

  • The direct debit will be made through the Bulk Electronic Clearing System (BECS) from the account below.Payments by direct debit take three business days to clear.

  • Direct debit requests through the Bulk Electronic Clearing System (BECS) are not available on all accounts.

  • This debit will be made through the Bulk Electronic Clearing System (BECS) and will be subject to the terms and conditions of the Direct Debit Request Service Agreement over the page.

  • Eligible files for acceptance by the LVSS include files containing instructions for Settlement submitted in accordance with the regulations and procedures of AusPayNet’s Australian Paper Clearing System (APCS), Bulk Electronic Clearing System (BECS) and Issuers and Acquirers Community (IAC), files resulting from Cashcard obligations, files arising from Australian Government banking requirements, and any other files approved from time to time by the RBA.

  • By completing a Direct Debit Request (DDR) you are authorising us to arrange for any amount we may debit or charge you to be debited through the Bulk Electronic Clearing System from an account held at the financial institution identified on the Direct Debit Request form and paid to the Debit User, subject to the terms and conditions of the Direct Debit Request – Service Agreement.

  • This debit or charge will be made through the Bulk Electronic Clearing System (“BECS”) from my/our account held at the financial institution I/we have nominated below and will be subject to the “Direct Debit terms and conditions” (contained in the <PDS/IM>).

  • The direct debit will be made through the Bulk Electronic Clearing System (BECS) from the account that you have selected.

  • This debit will be made through the Bulk Electronic Clearing System (BECS) from your account held at the financial institution you have nominated.


More Definitions of Bulk Electronic Clearing System

Bulk Electronic Clearing System means a system that coordinates and administers recurring or one off electronic debit and credit payment instructions and facilitates the exchange and settlement of electronic transactions between participants;
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Bulk Electronic Clearing System means a system used to manage the exchange and settlement of bulk electronic low value transactions. Direct Debit means the deduction of funds directly from a nominated bank account.
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Bulk Electronic Clearing System means the system which manages the conduct of the exchange and settlement of bulk electronic low value transactions in similar fashion to that applying to paper-based payment instructions. debit day means the day that payment by the customer to IP Australia is due debit payment means a particular transaction where a debit is made direct debit request means the Direct Debit Request between the customer and IP Australia IPA-B2B means the IPA-B2B system which applies to specified types of communications and transactions as specified in the IPA-B2B agreement. IPA-B2B agreement means the B2B agreement between IP Australia which the customer must enter into before this Direct Debit service agreement can take effect. the customer means the party who has signed the Direct Debit Request the customer's financial institution means the financial institution nominated by the customer on the Direct Debit Request at which the account is maintained General
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Related to Bulk Electronic Clearing System

  • Electronic cleaner means a product labeled for the removal of dirt, moisture, dust, flux, or oxides from the internal components of electronic or precision equipment such as circuit boards, and the internal components of electronic devices, including but not limited to, radios, compact disc (CD) players, digital video disc (DVD) players, and computers. “Electronic Cleaner” does not include “General Purpose Cleaner,” “General Purpose Degreaser,” “Dusting Aid,” “Pressurized Gas Duster,” “Engine Degreaser,” “Electrical Cleaner,” “Energized Electrical Cleaner,” “Anti-Static Product,” or products labeled to clean the casings or housings of electronic equipment. “Electronic Cleaner” does not include any product that meets both of the following criteria:

  • Electronic converter means a device capable of controlling and/or converting electric power for electric propulsion.

  • Electronic Control System means a combination of units, designed to co-operate in the production of the stated vehicle control function by electronic data processing. Such systems, often controlled by software, are built from discrete functional components such as sensors, electronic control units and actuators and connected by transmission links. They may include mechanical, electro-pneumatic or electro-hydraulic elements.

  • Electronic Coupon means an electronic flight coupon or other value document held in our database.

  • Electronic component means an item that operates by controlling the flow of electrons or other electrically charged particles in circuits, using interconnections of electrical devices such as resistors, inductors, capacitors, diodes, switches, transistors, or integrated circuits. The term does not include structural or mechanical parts of an assembly containing an electronic component, and does not include any high performance magnets that may be used in the electronic component.

  • Electronic communication device means any mode of electronic communication, including but not limited to computers, cell phones, PDAs, or the internet.

  • Electronic cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of which simulates smoking. The term shall include any such devices, whether they are manufactured, distributed, marketed, or sold as e-cigarettes, e-cigars, e-pipes, or under another product name or descriptor.

  • electronic cash ledger means the electronic cash ledger referred to in sub-section (1) of section 49;

  • Electronic communication service means a custodian that provides to a user the ability to send or receive an electronic communication.

  • electronic commerce operator means any person who owns, operates or manages digital or electronic facility or platform for electronic commerce;

  • Content of an electronic communication means information concerning the substance or meaning of the communication which:

  • Electronic Communication Network means the transmission line connecting the data transmission place and the data receiving place.

  • Approved Electronic Communication means each notice, demand, communication, information, document and other material transmitted, posted or otherwise made or communicated by e-mail, E-Fax, the Credit Management Module of PNC’s PINACLE® system, or any other equivalent electronic service agreed to by Agent, whether owned, operated or hosted by Agent, any Lender, any of their Affiliates or any other Person, that any party is obligated to, or otherwise chooses to, provide to Agent pursuant to this Agreement or any Other Document, including any financial statement, financial and other report, notice, request, certificate and other information material; provided that Approved Electronic Communications shall not include any notice, demand, communication, information, document or other material that Agent specifically instructs a Person to deliver in physical form.

  • Catalogue of electronic communications means information that identifies each person with which a user has had an electronic communication, the time and date of the communication, and the electronic address of the person.

  • Approved Electronic Communications means any notice, demand, communication, information, document or other material that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein which is distributed to the Agents or to the lenders by means of electronic communications pursuant to Section 10.1(b).

  • Public Electronic Communications Network means an Electronic Communications Network provided wholly or mainly for the purpose of making Electronic Communications Services available to members of the public;

  • Electronic communications system means any wire, radio, electromagnetic, photooptical or photoelectronic facilities for the transmission of wire or electronic communications, and any computer facilities or related electronic equipment for the electronic storage of such communications;

  • electronic communications network means transmission systems and, where applicable, switching or routing equipment and other resources, including network elements which are not active, which permit the conveyance of signals by wire, radio, optical or other electromagnetic means, including satellite networks, fixed (circuit and packet-switched, including Internet) and mobile terrestrial networks, electricity cable systems, to the extent that they are used for the purpose of transmitting signals, networks used for radio and television broadcasting, and cable television networks, irrespective of the type of information conveyed;

  • Electronic Bonding is a real-time and secure electronic exchange of data between information systems in separate companies. Electronic Bonding allows electronic access to services which have traditionally been handled through manual means. The heart of Electronic Bonding is strict adherence to both International and National standards. These standards define the communication and data protocols allowing all organizations in the world to exchange information.

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • Electronic Waste means a: computer; computer monitor; computer peripheral device containing a cathode ray tube; printer; or television sold to a covered entity. “Electronic waste” does not include: any motor vehicle or any part thereof; a camera or video camera; a portable or stationary radio; a wireless telephone; a household appliance, such as a clothes washer, clothes dryer, water heater, refrigerator, freezer, microwave oven, oven, range, or dishwasher; equipment that is functionally or physically part of a larger piece of equipment intended for use in an industrial, research and development, or commercial setting; security or antiterrorism equipment; monitoring and control instruments or systems; thermostats; handheld transceivers; a telephone of any type; a portable digital assistant or similar device; a calculator; a global positioning system receiver or similar navigation device; commercial medical equipment that contains a cathode ray tube, a cathode ray tube device, a flat panel display, or similar video display that is not separate from the larger piece of equipment; or other medical devices, as the term “device” is defined under 21 U.S.C. § 321(h) of the Federal Food, Drug, and Cosmetic Act, as that section is amended from time to time.

  • Electronic Communications means any transfer of signs, signals, text, images, sounds, data or intelligence of any nature transmitted in whole or part electronically received and/or transmitted through the Cloud Service.

  • electronic commerce means the supply of goods or services or both, including digital products over digital or electronic network;

  • Electronic Notice shall be deemed written notice for purposes of this Section 13 if sent to the electronic mail address specified by the receiving party under separate cover. Electronic Notice shall be deemed received at the time the party sending Electronic Notice receives verification of receipt by the receiving party. Any party receiving Electronic Notice may request and shall be entitled to receive the notice on paper, in a nonelectronic form (“Nonelectronic Notice”) which shall be sent to the requesting party within ten (10) days of receipt of the written request for Nonelectronic Notice.

  • Electronic voting system means a secured system based process of display of electronic ballots, recording of votes of the Members and the number of votes polled in favour or against, in such a manner that the entire voting exercised by way of electronic means gets registered and counted in an electronic registry in a centralised server with adequate cyber security.

  • Electronic agent means a computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual.