Common use of Modulr Products Clause in Contracts

Modulr Products. 3.1 Modulr Products are made up of the Account and related payment services which enable funds to be sent to the Account and paid out from the Account. 3.2 The Account allows operation including the making of Transactions in accordance with the Modulr Account Terms and Conditions. 3.3 These payment types and services included and to be provided as part of Modulr Products are as selected below and may include other payment services in and out of the Account which may be enabled from time to time. ☒ Inbound Faster Payments ☒ Outbound Faster Payments ☒ Inbound Bacs Credits ☒ Inbound CHAPS ☒ Inter-Account Transfers ☒ Inbound SEPA Credit Transfer ☒ Outbound SEPA Credit Transfer ☐ Virtual Cards ☐ BACS Direct Debit Collections ☐ [BACS Direct Debit Mandates] 3.4 The Modulr Products also consist of the Application Programming Interface (API) used by the Associated Service Provider on the Client’s behalf to create and administer the Accounts plus the beneficiaries and payment rules applied to them. 3.5 The Modulr Products also consist of the Online Portal which can be used for the management of Accounts. The Associated Service Provider will provide access to this if appropriate based on your relationship with them. 3.6 The Client’s rights and obligations with respect to each of the payment types listed above and forming part of the Modulr Products are subject to and governed by the terms and conditions set out in the other parts of the Agreement. The terms of this Agreement applicable to payment types and services which are not selected above or otherwise enabled for the Client shall not apply, but only to the extent that such terms concern the unavailable payment types.

Modulr Products. 3.1 Modulr Products are made up of the Account and related payment services which enable funds to be sent to the Account and paid out from the Account. 3.2 The Account allows operation including the making of Transactions in accordance with the Modulr Account Terms and Conditions. 3.3 These payment types and services included and to be provided as part of Modulr Products are as selected below and may include other payment services in and out of the Account which may be enabled from time to time. Payment Types generally included ☒ Inbound Faster Payments ☒ Outbound Faster Payments ☒ Inbound Bacs Credits ☒ Inbound CHAPS ☒ Inter-Account Transfers ☒ Payment Types included by request ☐ Inbound SEPA Credit Transfer ☒ ☐ Outbound SEPA Credit Transfer ☐ ☒ Virtual Cards ☐ BACS Direct Debit Collections ☐ [BACS Direct Debit Mandates]Cards 3.4 The Modulr Products also consist of the Application Programming Interface (API) used by the Associated Service Provider Partner Platform on the Introduced Client’s behalf to create and administer the Accounts plus the beneficiaries and payment rules applied to them. 3.5 The Modulr Products also consist of the Online Portal which can be used for the management of Accounts. The Associated Service Provider Partner Platform will provide access to this if appropriate based on your relationship with them. 3.6 The Introduced Client’s rights and obligations with respect to each of the payment types listed above and forming part of the Modulr Products are subject to and governed by the terms and conditions set out in the other parts of the Agreement. The terms of this Agreement applicable to payment types and services which are not selected above or otherwise enabled for the Introduced Client shall not apply, but only to the extent that such terms concern the unavailable payment types.

Modulr Products. 3.1 Modulr Products are made up of the Account and related payment services which enable funds to be sent to the Account and paid out from the Account. 3.2 The Account allows operation including the making of Transactions in accordance with the Modulr Account Terms and Conditions. 3.3 These payment types and services included and to be provided as part of Modulr Products are as selected below and may include other payment services in and out of the Account which may be enabled from time to time. Payment Types generally included ☒ Inbound Faster Payments ☒ Outbound Faster Payments ☒ Inbound Bacs Credits ☒ Inbound CHAPS ☒ Inter-Account Transfers ☒ Inbound SEPA Credit Transfer ☒ Outbound SEPA Credit Transfer ☐ Virtual ☒ Cards ☐ ☒ BACS Direct Debit Collections ☐ [☒ BACS Direct Debit Mandates]Mandates ☒ Payment Initiation Service 3.4 The Modulr Products also consist of the Application Programming Interface (API) used by the Associated Service Provider Partner Platform on the Introduced Client’s behalf to create and administer the Accounts plus the beneficiaries and payment rules applied to them. 3.5 The Modulr Products also consist of the Online Portal which can be used for the management of Accounts. The Associated Service Provider Partner Platform will provide access to this if appropriate appropriate, based on your relationship with them. 3.6 The Introduced Client’s rights and obligations with respect to each of the payment types listed above and forming part of the Modulr Products are subject to and governed by the terms and conditions set out in the other parts of the Modulr Introduced Client Agreement. The terms of this Modulr Introduced Client Agreement applicable to payment types and services which are not selected above or otherwise enabled for the Introduced Client shall not apply, but only to the extent that such terms concern the unavailable payment types.