payment system means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and/or settlement of payment transactions;
payment system means a funds transfer system that facilitates the circulation of money, and includes any instruments and procedures that relate to the system.
payment system means a funds transfer system with formal and standardized arrangements and common rules for the processing, clearing or settlement of payment transactions;
Examples of payment system in a sentence
STATEWIDE VENDOR PAYMENT REGISTRATION The CONTRACTOR is required to be registered in the Statewide Vendor Payment System prior to submitting a request for payment under this contract.
The Washington State Office of Financial Management (OFM) maintains the Statewide Vendor Payment System; to obtain registration materials contact the Statewide Payee Desk at (000) 000-0000; or go to: xxxxx://xxx.xx.xxx/it-systems/statewide-vendorpayee-services.
More Definitions of payment system
payment system means a system that enables payment to be effected between a payer and a beneficiary, involving clearing, payment or settlement service or all of them.
payment system means a funds transfer system with formal standardized arrangements and common rules for the processing, clearing and/or settlement of payment transactions.
payment system means the legal entities—the credit institutions and/or mobile telephone operators, as well as other entities taking part in the acceptance and transfer of Payments under the contracts concluded with the Licensee.
payment system means a system that enables payments to be effected between a payer and a beneficiary;
payment system means any system or arrangement for the transfer, clearing or settlement of funds or securities;
payment system means any international card payment organisation whose logos and marks appear on a Card. “Personal Information” means:
payment system means a set of instruments, banking procedures and typically, inter-bank funds transfer systems that ensure the circulation of money (BIS Red Book);