Processing Transactions definition

Processing Transactions means bank card payment processing services provided by the Borrower and its Subsidiaries to merchants pursuant to service contracts between the Borrower and/or a Subsidiary and such merchants.
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Examples of Processing Transactions in a sentence

  • Processing Transactions and Posting Orders Posting transactions to your account impacts your account balance.

  • The Operating Account shall be utilized for deposits from Payment Card or eCheck Processing Transactions.

  • Sub-Merchant shall make no cash refunds on Payment Card Processing Transactions and shall handle all credit adjustments as provided in this Section.

  • Fattmerchant agrees to sponsor Sub-Merchant’s acceptance of cards for Payment Card Processing Transactions.

  • Fattmerchant shall deliver payment to Sub-Merchant by a credit to the Operating Account equal to the reconciled summary of Sub-Merchant’s total summary Payment Card Processing Transactions since the previous credit.

  • STI anticipates the cancelled rate for Manually Processing Transactions not to exceed ***% of total Manual Processing Transaction volume.

  • Without the prior written consent of Fattmerchant, Sub-Merchant is not authorized to process Payment Card Processing Transactions for payment for any other type of goods or services other than as set forth in the Fattmerchant Application.

  • WorkWave, Sub-Merchant and each payment card brand have ownership of cardholder data and may use such data only for assisting in the completion of Payment Card Processing Transactions, supporting loyalty programs, providing fraud control services, or for other uses specifically permitted or required by Applicable Laws.

  • Processing Transactions and Posting Orders Posting transactions to your account impacts your account balance and may affect the total number of overdraft or returned item fees you incur.

  • WorkWave and Sub-Merchant will comply with the Operating Regulations of the Associations and the Issuers whose Cards are used to process Payment Card Processing Transactions.

Related to Processing Transactions

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.