Merchant Accounts definition

Merchant Accounts means all reserve balances maintained by any third-party credit-card processors.
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Merchant Accounts is defined in Section 6.8(a).”
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Merchant Accounts means all or any of them as the context requires;
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Examples of Merchant Accounts in a sentence

  • In order to promote Business-to-Consumer (B2C) e-Commerce in Pakistan, banks operating in Pakistan can open and operate Internet Merchant Accounts.

  • Banks shall recover charges for Internet Merchant Accounts strictly in accordance with Prudential Regulation X.

  • Merchant Accounts must be in place before credit cards may be accepted.

  • The Institution is not responsible if a payment cannot be made due to incomplete, incorrect, or outdated information provided by you regarding a Merchant or if you attempt to pay a Merchant that is not on your Merchant Accounts list.

  • We are not responsible if a Payment cannot be made due to incomplete, incorrect, or outdated information provided by you regarding a Merchant, or if you attempt to pay a Merchant that is not on your Merchant Accounts list.

  • A signature maybe mandatory on some Merchant Accounts and requests.

  • Message signing maybe mandatory on some Merchant Accounts and if so, the Merchant Management System will only allow the secret phrase to be changed but not removed entirely.

  • As part of the Celbux Merchant Application Process, you are required to provide certain Know Your Client ("KYC") information and upload necessary supporting documentation, to facilitate the opening of your Merchant Account(s).

  • The banks shall be responsible for reporting business through the Internet Merchant Accounts to the Foreign Exchange Operations Department, SBP-Banking Services Corporation on monthly basis as per proforma appearing at Appendix V-26.

  • Control Finding)We recommend that the Treasurer-Tax Collector update the Agency Worksheet and Cash Management Checklist for Setting up New Merchant Accounts to address PCI DSS validation requirements.


More Definitions of Merchant Accounts

Merchant Accounts means the written contractual relationship between a Merchant, on the one hand, and/or a Member Bank and FMBS or its Subsidiaries on the other for the acquisition and processing of transactions.
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Merchant Accounts means the written contractual relationship between a Merchant on the one hand, and/or a Member Bank and the Company and any of its subsidiaries on the other for the acquisition and processing of transactions.
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Merchant Accounts shall have the meaning set forth in Section 3.10.
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Merchant Accounts the deposit account(s) of Merchant designated for use by Bank in conjunction with Merchant Services including any Reserve Account as defined below; (k) "Visa" and "MC": Visa U.S.A. and MasterCard International; (l) "ACH": the Federal Reserve Bank's Automated Clearing House network.
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Related to Merchant Accounts

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Relevant Accounts means, in respect of any Interest Payment Date, the most recently published audited unconsolidated annual financial statements of UBS Group AG prepared in accordance with the Swiss Code.

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Accounts means all presently existing and hereafter arising accounts, contract rights, payment intangibles and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower’s Books relating to any of the foregoing.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Separate Accounts means the accounts which are to be prepared for each

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Collection Accounts As defined in Section 3.10(a).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Grant Account means the account opened by the Association on its books in the name of the Borrower to which the amount of the Grant is credited.”

  • Investment Account As defined in Section 3.12(a).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.