Sponsoring Bank definition

Sponsoring Bank shall have the same meaning as that defined in the “Bye-Laws of Singapore Clearing House Association in respect of G3”; “Sponsored User” shall have the same meaning as that defined in the “Bye- Laws of Singapore Clearing House Association in respect of G3”;

Sponsoring Bank means a sponsoring bank that accepts the Customer request to become Direct Debit Originator, in this case ADIB.

Sponsoring Bank means the bank that sponsors a Terminal on behalf of Customer pursuant to the applicable Network Rules.

Examples of Sponsoring Bank in a sentence

• Please note that the Rules refer to you as the 'Payer', us as the 'Paying Bank', the Creditor as the 'Originator' and the Creditor's Bank as the 'Sponsoring Bank'.

• The UAE Central Bank, CBD, the Sponsoring Bank (as defined in the DDS Rules) and the UAEDDS shall have no responsibility or role in any disputes arising between the Cardholder and the Originator (as defined in the DDS Rules).

• If the bank that holds the Account You access via the Service and which has contracted to provide the Service is Lloyds Bank International Limited You acknowledge that the Sponsoring Bank will fulfil all performance obligations in respect of the Service on its behalf and that accordingly all instructions and communications from You and any others acting on Your behalf in connection with the use of the Service must be directed to the Sponsoring Bank.

• With effect from the Transfer Date, subject to clause 3.2 below, the Current Service User shall cease to be liable under the First Indemnity in relation to the Transferred Instructions and all claims arising in connection with them after Transfer Date, and written notice to that effect is given to the Sponsoring Bank of the Current Service User and the Sponsoring Bank of the New Service User by virtue of the execution of this Deed.

• The Sponsoring Bank may require the disclosure by Lloyds Bank International Limited of information related to the Account (including information stored on its database).

More Definitions of Sponsoring Bank

Sponsoring Bank means the Participant who sponsors the Originator in the UAEDDS

Sponsoring Bank or “Acquiring Bank” is the participant that sponsors the User’s Payment Instructions.

Sponsoring Bank shall have the same meaning as that defined in the “Bye-Laws of Singapore Clearing House Association in respect of G3”; “Sponsored User” shall have the same meaning as that defined in the “Bye- Laws of Singapore Clearing House Association in respect of G3”; “start of a business day” means the time of a business day from which the host system is ready and able to process Transactions for value on that day; “SWIFT” means the Society for Worldwide Interbank Financial Telecommunication SCRL, a society established and registered in Belgium that has set up an international value-added transport network for the provision of SWIFT Messaging Services;

Sponsoring Bank means a banking institution licensed in terms of the Banking Institutions Act, 2023, as amended, which the payment service provider has entered into an agreement with to offer payment services;

Sponsoring Bank means a bank that engages in or seeks to engage in the business of effecting covered transactions.

Sponsoring Bank means the participant bank with which the user entered into a user agreement;

Sponsoring Bank means the Collecting Bank which is responsible for supporting the Creditor’s application to join a National Scheme where this support is required under applicable National Scheme rules.