money remittance definition

money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another payment service provider acting on behalf of the payee, and/or where such funds are received on behalf of and made available to the payee;

money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the

money remittance means a payment service that allows funds to be received from a Sender without creating a payment account in the name of the Sender or the Beneficiary, for the sole purpose of transferring an equivalent amount to a Beneficiary or to another payment service provider that acts on behalf of the Beneficiary;

Examples of money remittance in a sentence

• BFC Exchange is a regulated Bureau de Change and Money Remittance provider registered as a Money Service Business (MSB) with the HM Revenue & Customs, registration number 12158813.

• When a deposit is made by: Deposited funds are available: • Electronic Direct Deposit • The same business day • Money Remittance Services (Western Union and GreenDot) • The same business day received by us.

• Glo Currency is a regulated Money Remittance provider registered as a Money Service Business (MSB) with the HM Revenue & Customs, registration number 12791402.

• These benefits include, but are not limited to, Travel Purchase Discounts, Product Procurement, Event Access, Car Rentals, Money Remittance, Cashback/loyalty rewards, etc.; which are all outlined in this Agreement (Schedule 1).

• Funds Transfer Services The next business day Money Remittance Services (Vanilla) The next business day.

More Definitions of money remittance

money remittance means a service for the transmission of money (or any representation of monetary value), without any payment accounts being created in the name of the payer or the payee, where—

money remittance means a payment service where funds are received from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of transferring a corresponding amount to a payee or to another

money remittance means a payment service where funds are received from an originator (payer) without any accounts being created in the name of the originator or the beneficiary (payee), for the sole purpose of transferring a corresponding amount to –

money remittance means a payment service whereby the funds are provided by the payer without the opening of payment accounts in the name of the payer or the payee for the sole purpose of remitting the relevant amount to the payee or other payment service provider acting on behalf of the payee and/or where such funds are received on behalf of the payee and are made at its disposal.

money remittance means a Service which is a Payment Service and involves transfer of funds received from the Payer who is a Customer to the Payee or a service provider other than the Company who receives funds for the Payee;

money remittance means a payment service that allows funds to be received from a Sender without creating a payment account in the name of the Sender or the Beneficiary, for the sole purpose of transferring

money remittance means a payment service where a payment service provider receives funds from a payer, without any payment accounts being created in the name of the payer or the payee, for the sole purpose of making the same amount of funds available to the payee or of transferring it to the payee’s payment service provider, which makes such funds available to the payee or which transfers them to the payee’s payment account.