Transaction Processing definition

Transaction Processing means the booking, confirmation, maintenance and settlement of Interest Rate Swap transactions on behalf of GWB, including (but not limited to) the preparation, execution, management, and maintenance of said transactions, and anything which the parties agree is Transaction Processing for the purposes of this Agreement.
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Transaction Processing is a financial transaction transfer of data, from a customer initiated transaction through a network involving monetary amounts for purposes of paying for products or services or providing cash to the customer initiating the transaction and include any financial transaction related service of either buying or selling or providing the activity of processing transactions for merchants, businesses, investors or anyone which is a competitive activity to Assignee.
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Transaction Processing means business operations which act upon Transactions including, but are not limited to, operations that affect sales order entry, airline reservations, payroll, employee records, payments, medical records, and government programs’ Transactions (e.g., Electronic Benefit Transfer operations).
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Examples of Transaction Processing in a sentence

  • EBT Transaction Processing Services: Global Direct offers electronic interfaces to Electronic Benefits Transfer ("EBT") networks for the processing of cash payments or credits to or for the benefit of benefit recipients ("Recipients").

  • EBT Transaction Processing Services: Global Direct offers electronic interfaces to Electronic Benefits Transfer (“EBT”) networks for the processing of cash payments or credits to or for the benefit of benefit recipients (“Recipients”).

  • Subject to the Transaction Processing Service Terms (if the Elected Country for a Service is the United States), you and we are independent contractors, and nothing in this Agreement will create any partnership, joint venture, agency, franchise, sales representative, or employment relationship between us.

  • Business Rule Fallout Any Fallout that occurs as an intended result of a configured business rule or process in the workflow of the ASP Solution that, when a Customer Order satisfies the criteria of such rule, is directed to a queue for Manual Transaction Processing or intervention by an Agent.

  • Merchant acknowledges and agrees that Bank and their affiliates have no obligation or liability whatsoever for: (1) American Express transactions whether under the American Express OptBlue Program Agreement, the Merchant Transaction Processing Agreement or otherwise; or (2) any actions or omissions of Company or American Express.

  • Because Amazon is not your agent (except for the limited purpose set out in the Transaction Processing Service Terms (if the Elected Country for a Service is the United States)), or the customer’s agent for any purpose, Amazon will not act as either party's agent in connection with resolving any disputes between participants related to or arising out of any transaction.

  • Subject to Section 2 of the General Terms of this Agreement, the applicable Amazon Payments Agents will remit funds to you in accordance with Section S-5 of the Agreement and these Transaction Processing Service Terms.

  • The Fund will not be assessed the Monthly Minimum or any Transaction Processing Charges until one or more of the Transaction types are made available to Users.

  • During the Term of this Agreement and the Merchant Transaction Processing Agreement Merchant shall pay a Software Support Fee per Equipment terminal as indicated on POS Exhibit A.

  • Provide P-Card Transaction Processing Services: • P-Card Invoice Review — The Service Provider will receive a notification and data file from US Bank once monthly containing transaction details and Company information for Service Receiver’s P-Card holders.

Related to Transaction Processing

  • Transaction Data is anonymized or aggregated data which has had all personally identifiable information removed.

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • secondary processing means concentration or other beneficiation of iron ore other than by crushing or screening and includes thermal electrostatic magnetic and gravity processing and agglomeration, pelletization or comparable changes in the physical character of iron ore;

  • Cannabis processing facility means a person that:

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;