Reversed Payment definition

Reversed Payment an Inward Payment to the extent that it is fully or partially returned by an Alternative Payment Provider or a bank associated with the Inward Payment or to the extent that any Regulatory Authority requires the return of an Inward Payment, resulting in a financial liability to Worldpay which may include any circumstances where any of the foregoing persons either:
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Reversed Payment means a transfer of funds from a Client to the Consolidated Account, whether effected by wire transfer, electronic funds transfer or otherwise, fails or would fail to be completed for any reason, including as a result of insufficient funds, a stop payment order, or a reversal, return or rejection of an order or request to transfer funds through an ACH operator.
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Reversed Payment means an Inward Payment to the extent that it is fully or partially returned by an Alternative Payment Provider or a bank associated with the Inward Payment, or to the extent that any Regulatory Authority requires return of an Inward Payment, resulting in a financial liability to Citcon.
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Examples of Reversed Payment in a sentence

  • SynapsePay has sole discretion to determine who is at fault and liable for the Reversed Payment and Reversal Fee.

  • Upon its occurrence, each Assessment and Reversed Payment represents a debt immediately due and payable by Merchant to Citcon on demand, notwithstanding any termination of this Agreement or the Alternative Acquiring Services.

  • Citcon will not be required to investigate or defend the validity and/or value of any Assessment or Reversed Payment either before or following any such final determination by an Alternative Payment Provider.

  • If Merchant wishes to dispute an Assessment or Reversed Payment, Merchant will do so in accordance with the applicable Legal Requirement and will provide Citcon with such evidence as Citcon or the applicable Alternative Payment Provider may reasonably require to investigate the disputed Assessment or Reversed Payment.

  • Each Assessment and Reversed Payment will be charged to Merchant in the currency in which Citcon is required to pay the Assessment or Reversed Payment.

  • It is Client's responsibility in the case of a disputed Chargeback, Assessment or Reversed Payment, to provide to Xplor such evidence as Xplor, the Acquirer, the Card Scheme, the Card Issuer, any Other Payment Service provider, any Direct Debit Scheme or bank may reasonably require to investigate the disputed Chargeback, Assessment or Reversed Payment.

  • Without prejudice and in addition to any other rights and remedies available to Citcon under the Agreement, Merchant hereby indemnifies (and will keep indemnified) on demand, defends and holds harmless Citcon from and against any losses Citcon suffers or incurs as a result of, or in connection with any Transaction, Payment, Assessment and/or Reversed Payment.


More Definitions of Reversed Payment

Reversed Payment means any payment that for any reason is refunded, reversed, withdrawn, or refused in the name of Magnum or the Merchant or the User and however initiated be it by a customer, user, bank, other institution, card scheme, financial or regulatory body, the User, the Merchant or Magnum;
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Related to Reversed Payment

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Permitted Payment as defined in Subsection 8.2(b).

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Excluded Payments means (i) indemnity payments paid or payable by Lessee to or in respect of Owner Participant, or Owner Trustee in its individual capacity, their respective Affiliates, successors and permitted assigns and their directors, officers, employees, servants and agents pursuant to Section 9 of the Participation Agreement or any corresponding payments under the Lease, (ii) proceeds of public liability insurance paid or payable as a result of insurance claims made, or losses suffered, by Owner Trustee in its individual capacity or by Owner Participant, that are payable directly to Owner Trustee in its individual capacity, or Owner Participant, respectively, for their own account, (iii) proceeds of insurance maintained with respect to the Aircraft by Owner Participant or any Affiliate thereof for its or their own account or benefit (whether directly or through Owner Trustee) and permitted under Section 11.2 of the Lease, (iv) all payments required to be made under the Tax Indemnity Agreement by Lessee whether or not denominated as Supplemental Rent, (v) any Transaction Expenses paid or payable by the Lessee to the Owner Trustee (to the extent for its sole benefit) or the Owner Participant pursuant to the Lease or the Participation Agreement, (vi) any amount payable to the Owner Participant by any transferee as the purchase price of the Owner Participant's interest in the Trust Estate, (vii) any interest that pursuant to the Operative Agreements may from time to time accrue in respect of any of the amounts described in clauses (i) through (vi) above, (viii) any right to enforce the payment of any amount described in clauses (i) through (vii) above (PROVIDED, that the rights referred to in this clause (viii) shall not be deemed to include the exercise of any remedies provided for in the Lease other than the right to ▇▇▇ for specific performance of any covenant to make such payment or to ▇▇▇ for damages in respect of the breach of any such covenant) and (ix) any right to exercise any election or option or make any decision or determination, or to give or receive any notice, consent, waiver or approval, or to take any other action in respect of, but in each case, only to the extent relating to, any Excluded Payments.