Third Party Processor definition
Examples of Third Party Processor in a sentence
You may not use this Service for an Originator as a Third Party Processor without our prior approval.
BASE COMMERCE and Merchant have contracted for BASE COMMERCE to provide Automated Clearing House (“ACH”) services as a Third Party Processor of ACH transactions.
Merchant further authorizes BASE COMMERCE to process electronic funds transfers as a Third Party Processor through the Account designated by Merchant.
If you are providing this Service for an Originator as a Third Party Processor you (i) may be subject to additional requirements, (ii) are bound by the requirements of the NACHA Rules, and (iii) are responsible to enter into agreements binding the Originator to the NACHA Rules.
The Applicant warrants that the Third Party Processor is not a Collaborator and shall only be engaged for the purposes of discrete elements of data computation and analysis in relation to the Permitted Purpose (the "Processor Task").