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 These payment services include receipts via Bacs, plus receipts and outgoing payments via Faster Payments and inter-Account transfers, issuing, loading and executing payments made with Virtual Cards and other payment services in and out of the Account which may be enabled from time to time. 3.3 The Account allows operation including the making of Transactions in accordance with the Modulr Account Terms and Conditions. 3.4 The Modulr Products also consist of the Application Programming Interface (API) used by the 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 Partner Platform will provide access to this if appropriate based on your relationship with them.