Positive Pay Service definition

Positive Pay Service means the services described in Schedule D to this CMTS Agreement that allow you to monitor Customer Checks or ACH electronic funds transfers via the System in order to help reduce fraud.
Sample 1Sample 2
Positive Pay Service means the positive pay service provided by us to you as described in Paragraph 1.2 of this Part B.
Sample 1Sample 2
Positive Pay Service means the Service provided by Bank to you as set forth in this Section 25.
Sample 1Sample 2

Examples of Positive Pay Service in a sentence

  • If ACH Positive Pay Service is selected by Customer, Customer shall designate the Account(s) maintained at Bank that are to be used with the ACH Positive Pay Service.

  • Customer shall comply at all times with Bank’s format standards for the Positive Pay Service.

  • In addition to the Item issue information provided by Customer for the Positive Pay Service, Customer shall supply Bank with the payee name(s) for each Item issued by Customer.

  • The ACH Positive Pay Service assists Customer in detecting fraud by electronically matching incoming ACH transactions to authorizations that Customer can create and manage online.

  • Bank assumes no duty to identify and/or return duplicate Checks, Checks with poor MICR quality, mis-encoded items, or Checks lacking an encoded serial number unless Customer is enrolled in Bank’s Positive Pay Service.

  • The Company understands that the Bank’s Positive Pay Service may not identify counterfeit or duplicate checks.

  • Payee Positive Pay Payee Positive Pay enhances the Bank’s Positive Pay Service by additionally comparing the payee name from the Presented Item against the payee name on the Issue Information.

  • In the event we are unable to perform the payee name comparison on any day that an item posts to your Account(s), the Payee Positive Pay Service will revert to Bank’s Positive Pay service for that day.

  • If you elect to use the Funds Transfers modules of Online Banking (including Wire Transfers (Section II D, below), ACH (Section II E, below), and Positive Pay Service (Section II F, below), you will be bound by the sections applicable to the services below.

  • Reverse Positive Pay Service reports all items presented to the Bank for payment as Exceptions.


More Definitions of Positive Pay Service

Positive Pay Service means the Check / ACH fraud reduction program that is offered by LBS to enable you to instruct LBS to return certain unauthorized debits presented for payment on the checking account(s) held by LBS.
Sample 1
Positive Pay Service means the positive pay service provided by us to you as described in Clause 22.2(b) above.
Sample 1
Positive Pay Service refers to the services described in Section 4 of this Addendum.
Sample 1

Related to Positive Pay Service

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • approach control service means air traffic control service for arriving or departing controlled flights;

  • Competitive integrated employment means work (including self-employment) that is performed on a full-time or part-time basis:

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Affiliated Employer means any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code Section 414(o).

  • Service Year means fiscal year, except that:

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • area control service means air traffic control service for controlled flights in control areas;

  • Shared Service means any service, other than a Utility Service or a For Profit Affiliate Service, provided on a Cost Recovery Basis by a Utility to an Affiliate or by an Affiliate to a Utility.

  • pensionable service means service which may be taken into account in computing pension under these Regulations;

  • aerodrome control service means air traffic control service for aerodrome traffic;

  • Highly Compensated Employee means an Employee who:

  • School employer means a board of school directors, the

  • Distribution Service means the delivery of electricity to Customers by the Distribution Company.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Cloud Service means any distinct, subscription-based, hosted, supported and operated on-demand solution provided by SAP under an Order Form.

  • Affiliated employee means any individual employed by a recipient who receives compensation directly from government assistance or a contract with the District of Columbia government, including any employee of a contractor or subcontractor of a recipient who performs services pursuant to government assistance or a contract. The term “affiliated employee” does not include those individuals who perform only intermittent or incidental services with respect to the government assistance or contract, or who are otherwise employed by the contractor, recipient or subcontractor.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Plan Year means the calendar year.

  • Nonhighly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Customized employment means an approach to supported employment which individualizes the employment relationship between employees and employers in ways that meet the needs of both. Customized employment is based on an individualized determination of the strengths, needs, and interests of the person with a disability and is also designed to meet the specific needs of the employer. Customized employment may include employment developed through job carving, self-employment or entrepreneurial initiatives, or other job development or restructuring strategies that result in job responsibilities being customized and individually negotiated to fit the needs of the individual with a disability. Customized employment assumes the provision of reasonable accommodations and supports necessary for the individual to perform the functions of a job that is individually negotiated and developed.

  • Head of Paid Service means the person designated as such by the Council under Section 4 of the 1989 Act

  • PCP means Primary Care Provider.

  • Total service means all service as a teacher or nonteacher while a member of the