Direct debit mandate a consent given in writing or electronically, signed or whose authenticity has been verified by applying a security procedure, by which a Payer grants a one-time or permanent, but revocable authorization to debit his/her payment account; “Beneficiary (Provider)” – provider of services, which periodically issues invoices in the name of the Payer / of a subscribed third party, whose account is to be credited with the equivalent value of his/her invoices/insurance premiums due by the Payer under the insurance policies contracted with him/her, according to the payment Instructions issued to the Bank, with which he/she has concluded a direct debiting Mandate (for this purpose the singular shall include the plural and vice versa); “Direct debiting instruction (IDD)” – represents the payment instruction initiated by the Beneficiary that involves the debiting of the Payer’s account open with the Bank, according to the Mandate given by the Payer “Performance of the Direct debiting instruction” – represents the entirety of procedures by which the Bank applies this direct debiting Mandate for the purpose of completing the payment initiated by the Direct Debiting Instruction. The date when the Direct debiting instruction is received is considered the date agreed for starting its performance. "Regulation (EU) No, 260/2012" represents Regulation (EU) No. 260/2012 of the European Parliament and of the Council establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No. 924/2009.
Direct debit mandate means the instruction of or mandate set up through E-Mandate/ E-NACH/ NACH/cheque or any other instrument by whatever name called by the Merchant in favor of the account of RapiPay Fintech Pvt. Ltd. issued from the Merchant’s such bank account from where the Acquirer Bank has issued the TID on the Merchant’s Device and as per frequency and amount as stated in the direct debit mandate form as provided by RapiPay;
Direct debit mandate means the expression of consent and authorisation given by the payer to the payee and by the payer to the bank to allow the payee to initiate a collection for debiting the payer's specified payment account and to allow the payer’s bank to comply with such instructions.
Examples of Direct debit mandate in a sentence
When you sign a Direct debit mandate, you are authorising an originator (for example, utility providers, telecommunication providers and other service and product providers) to collect a payment from your Account and to instruct us to pay this collection.
In order to cancel or amend either a Direct debit payment or a Direct debit mandate, you must contact the originator with whom you have agreed the terms of a mandate.
Information shared across all 3 Councils Direct debit mandate is in place for Barnsley and Doncaster to pay Rotherham.
The vests being requested have brighter reflectors for greater visibility, are more durable, and allow for custom branding.
Confirmation of places offered for new swimmer: Places are not confirmed until the pro rata payment is made and Direct debit mandate has been completed.
More Definitions of Direct debit mandate
Direct debit mandate means the documentation which enables the establishment of a direct debit facility;
Direct debit mandate means a mandate, within the meaning given by the Scheme Rulebook;
Direct debit mandate means the instruction with your bank authorizing Elavon to directly debit from Your Bank Account all sums that become due and payable by you to us under or in connection with this Agreement at the time we specify.
Direct debit mandate is the instruction the cardholder has executed to instruct the Issuer to take money from his account to settle his outstanding balance monthly.
Direct debit mandate means the authority provided by the Buyer in a form prescribed or permitted by the relevant Direct Debit Scheme which authorises Client or Xplor to take payment from the Buyer’s bank account in accordance with the rules of the relevant Direct Debit Scheme. Direct Debit Payments Services means payment services relating to, together, Inward Payments and Outward Payments under a Direct Debit Scheme. Direct Debit Scheme means a scheme or set of rules governing the use of a direct debit service or direct-debit like service (such as, without limitation, the UK BACS Direct Debit scheme, the Australian BECS Direct Debit Scheme, the New Zealand BECS Direct Debit Scheme or the European SEPA payments scheme).
Direct debit mandate means the mandate available from the Sales Contractor at the in- store, shopping centre or exhibition event, a copy of which is sent to you by email or by post “Eligible Customer” means any new customers who
Direct debit mandate means the direct debit instruction signed by a customer to that customer’s bank to pay the premiums for the insurance policy.