“Acquiring Banks” shall mean various banks, financial institutions, Card Associations, payment system providers who are defined and licensed under the Payment and Settlement Systems Act, 2007. “Acquiring Bank Services” shall mean the payment gateway system and services provided by the Acquiring Bank...
The Deductibility of False Claims Act Settlement PaymentsBrian A. Hill
“Financial Partners”). The processing services, provided by the Payment Processor, include the acceptance, processing and settlement of Transactions (as defined below), and the settlement of funds and other related services, including all services related to the control of, and the physical ...
(e.g. tax debts, medical bills, loan repayments etc.) does not fall under the ZAG regulations at present. Factoring is also considered to be a form of financial remittance, at least in cases where the service provided is focused on payment settlement from an economic point of view and ...
Most large acquirers have invested heavily in core payment-enablement services like authentication, fraud, and alternative-payment-method (APM) acceptance and in creating omnichannel acceptance and settlement, but relatively few have capitalized o...
6. Credits, Provisional Credits, and Refunds.Any credit made available to you by us regarding any credit Transfer is provisional until final settlement for such Transfer. If our bank partner does not receive the final settlement, you agree that we are entitled to a refund from you for the am...
dispute settlement and exit strategies. All payments models can draw on the wide experience of the firm with credit card acquiring, MSB licensing, neobank law, OCC Special Purpose National Bank Charter for Fintech review, mobile payment application licensing, virtual currency, digital currency, Bitco...
The Bank withholds these Fees from amounts due to you from your payment transactions, and the Bank remits such Fees to us. These Fees are netted by the Bank against other funds due to you or debited by the Bank from your Settlement Account or your Designated Merchant Bank Account. Fee...
Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its...
2.settlement,paying,discharge,outlay,remittance,defrayalHe sought payment of a sum which he claimed was owed to him. 3.wages,fee,reward,hire,remunerationIt is reasonable to expect proper payment for this work. Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002...