Sentences with phrase «electronic fund transactions»

Not exact matches

A survey conducted in the spring of 2016 of small businesses by the Electronic Transactions Association, identified the top two reasons these businesses chose an online small business loan was the speed to funding (63 percent) and the easy application process (57 percent).

At the same time, according to the Electronic Transaction Association a significant number of those that used this type of financing liked the speed of funding, ease of application and the affordability of total loan costs.

The same is true of UN Capital Development Fund's Christine Roth's claims that electronic payments «decrease the costs of the transactions» and are «a safer way for recipients to access money.»

The purpose of this disclosure is to set forth the terms governing the electronic fund transfer services offered by BancorpSouth Bank («we», «us», «our») to consumers («you», «your») on accounts established primarily for personal, family, or household purposes for transactions which are governed by Regulation E and to make certain disclosures relative to these services which are required by law.

There is no charge for making ATM transactions or other electronic fund transfers to or from your account that are conducted at our ATMs, and there is no charge for making point of sale transactions with participating merchants.

* Overdraft, uncollected funds or insufficient funds charge of up to $ 25.00 applies to any transaction that overdraws your account including, but not limited to, payments authorized by checks, ACH / electronic items, online banking, phone banking, in - person withdrawals and recurring debit card transactions.

You are authorized to make up to six automatic or electronic transfers from your savings account to your checking account each month to ensure you have funds to cover your debit card, ACH, checks and other checking account transactions.

Overdraft Privilege will cover checks, drafts, electronic funds transfer, debit card transactions, ATM withdrawals, and other withdrawal requests for a fee of $ 30 each time you use it.

This includes transactions such as bill payments, overdraft protection transfers, wire transfers and electronic funds transfers.

The foundation of the Electronic Fund Transfer Act which outlines consumer rights when it comes to EFT's (electronic fund transfers) which most commonly occur with debit card traElectronic Fund Transfer Act which outlines consumer rights when it comes to EFT's (electronic fund transfers) which most commonly occur with debit card transactiFund Transfer Act which outlines consumer rights when it comes to EFT's (electronic fund transfers) which most commonly occur with debit card traelectronic fund transfers) which most commonly occur with debit card transactifund transfers) which most commonly occur with debit card transactions.

When you process an electronic payment, the check writer's bank places a hold on the amount of the transaction and you receive immediate notification if the account contains insufficient funds.

Most investors treat their money market funds much like bank accounts, with many funds offering check - writing and electronic transaction capabilities that resemble what you'll find from checking accounts and other bank products.

(a) electronic transactions (electronic funds transfers, pre-authorized debits, debit card transactions, ATM transactions or other withdrawal requests); and (b) checks, in numerical sequence with lower numbers paid first, and other payments.

Non-Sufficient Funds (NSF) fee: The fee you are charged when you don't have enough funds in your checking account to cover a check, recurring payment, or electronic bill payment, and the Credit Union decides to not cover or pay that transacFunds (NSF) fee: The fee you are charged when you don't have enough funds in your checking account to cover a check, recurring payment, or electronic bill payment, and the Credit Union decides to not cover or pay that transacfunds in your checking account to cover a check, recurring payment, or electronic bill payment, and the Credit Union decides to not cover or pay that transaction.

You are limited to six (6) preauthorized electronic fund transfers, telephone transfers, checks and point - of - sale transactions per statement cycle.

When you provide a check as a deposit, you authorize us either to use information from your check to make a one - time electronic fund transfer from your Account or to process the deposit as a check transaction.

GREENWICH, Conn. --(BUSINESS WIRE)-- Interactive Brokers Group, Inc. (NASDAQ: IBKR), an automated global electronic broker and market maker, announced today the availability of Eaton Vance NextSharesTM exchange - traded managed funds (NextShares) through its investing and trading platforms on a no - transaction fee (NTF) basis, meaning that no commissions or other sales charges apply.

Legal limitations on your liability for unauthorized transactions are summarized in the «Electronic Funds Transfer (EFT) Disclosures» section.

For other types of transactions, such as checks, Bill Pay and other electronic payments, as well as recurring debit card payments we may pay transactions when you don't have enough available funds in your checking account or linked Overdraft Protection account at the time of the transaction.

The term «electronic fund transfer» (EFT) generally refers to a transaction initiated through an electronic terminal, telephone, computer or magnetic tape that instructs a financial institution to either credit or debit a consumer's asset account.

According to research by the Consumer Financial Protection Bureau (CFPB), less than one - fifth of account holders — those who incur three or more overdraft fees per year — pay more than 90 percent of all overdraft fees triggered by debit cards, checks, and ACH electronic transactions.3 Similarly, The Pew Charitable Trusts» chartbook Heavy Overdrafters: A Financial Profile, shows that «heavy overdrafters» — consumers who pay more than $ 100 in overdraft and nonsufficient funds (NSF) fees in a year — generally have incomes below the U.S. average, and overdraft fees consumed nearly a full week's worth of their household incomes on average during the past year.

We will have no liability for any unauthorized transactions other than as provided by federal laws and regulations governing electronic funds transfers.

The EFTA applies to electronic fund transfers, like those involving automatic teller machines (ATMs), point - of - sale debit transactions, and other electronic banking transactions.

The new policy extends not only to credit cards, but funding methods which make it difficult to distinguish whether a credit card is involved in the transaction — such as certain electronic payments.

ATM and debit card transactions are subject to the Electronic Fund Transfer Act (EFTA)(15 U.S.C. § 1693).

It may give you peace of mind that the Electronic Fund Transfer Act (EFTA) limits your liability to as low as $ 50 if you report unauthorized transactions within 60 days to financial institutions, beginning on the date of the first statements that contain the transactions.

We reserve the right to cancel or cover any transaction which is the subject of a returned check or electronic funds transfer reclamation.

For online access to your clients» Mutual Fund accounts, including consolidated customer portfolio management, detailed account information, electronic statements, transaction processing, new account establishment, and more.

A trace number is a tracking number assigned by the Electronic Fund Transfer (EFT) process to identify individual money transfer transactions.

A secure system to transfer funds that acts as the central clearing facility for Electronic Fund Transfer (EFT) transactions.

If you provide cash to a participating retailer to fund your Collateral Account (see «Deposits to Your Collateral Account» above) this transaction could be conducted as an electronic fund transfer («Transfer»).

A survey conducted in the spring of 2016 of small businesses by the Electronic Transactions Association, identified the top two reasons these businesses chose an online small business loan was the speed to funding (63 percent) and the easy application process (57 percent).

The electronic funds transfers are made within securely monitored networks to ensure a quick and safe transaction.

Other commenters maintained that section 1179 of the Act means that the Act's privacy requirements do not apply to the request for, or the use or disclosure of, information by a covered entity with respect to payment: (a) For transferring receivables; (b) for auditing; (c) in connection with --(i) a customer dispute; or (ii) an inquiry from or to a customer; (d) in a communication to a customer of the entity regarding the customer's transactions payment card, account, check, or electronic funds transfer; (e) for reporting to consumer reporting agencies; or (f) for complying with: (i) a civil or criminal subpoena; or (ii) a federal or state law regulating the entity.

We note that a covered entity may conduct the electronic funds transfer portion of the two payment standard transactions with a financial institution without restriction, because it contains no protected health information.

We do not consider a financial institution to be acting on behalf of a covered entity, and therefore no business associate contract is required, when it processes consumer - conducted financial transactions by debit, credit or other payment card, clears checks, initiates or processes electronic funds transfers, or conducts any other activity that directly facilitates or effects the transfer of funds for compensation for health care.

We note that we do not consider a financial institution to be acting on behalf of a covered entity, and therefore no business associate contract is required, when it processes consumer - conducted financial transactions by debit, credit or other payment card, Start Printed Page 82505clears checks, initiates or processes electronic funds transfers, or conducts any other activity that directly facilitates or effects the transfer of funds for compensation for health care.

The funds transfer information may also be transmitted manually (by check) or by a variety of other electronic means, including various formats of electronic transactions sent through a payment network, such as the Automated Clearing House (ACH) Network.

The protected health information contained in the electronic remittance advice or the premium payment enrollee data portions of the transactions is not necessary either to conduct the funds transfer or to forward the transactions.

IFSC code helps ensure safe transactions through National Electronic Funds Transfer (alternately NEFT), Real Time Gross Settlement (alternately RTGS), Immediate Payment Services (alternately IMPS), Centralized Funds Management System (alternately CFMS) or bank - to - bank electronic Instant Mobile Money TransfeElectronic Funds Transfer (alternately NEFT), Real Time Gross Settlement (alternately RTGS), Immediate Payment Services (alternately IMPS), Centralized Funds Management System (alternately CFMS) or bank - to - bank electronic Instant Mobile Money Transfeelectronic Instant Mobile Money Transfer service.

The State Bank of Patiala IFSC code can be used to make online transactions to a beneficiary whose bank supports electronic fund transfers.

• Manage automated check and electronic funds transfer remittances, regularly verifying transactions and processes to ensure accuracy.

Translate mail or fax items to electronic transactions to assess customer information and properly index fund exchanges, applications death claims, account withdrawal.

Electronic Payment Processing is just that, a processing system for funds in a transaction between two parties.

Otherwise, all transactions are paperless in our office and all our buyer's agents, staff, and vendors are paid by electronic funds transfer.

If law firms were involved and funds were electronically deposited into law firm trust accounts and subsequently withdrawn, wired or transferred, each of those transactions were also reported by banks to FINTRAC as electronic funds transfers if they were equal to or greater than $ 10,000 and were international.

What that means is that when any salesperson involved in the transaction made an electronic deposit, transfer, wire or withdrawal associated with that transaction, it was reported to FINTRAC as an electronic funds transfer report if it was international.

It is the latter, the financial activity in the bank accounts of PEPs, that is reported to FINTRAC, both as suspicious transactions where warranted, and as electronic funds transfers.

Failure to report a large cash transaction or an electronic funds transfer: up to $ 500,000 for the first offence, $ 1 million for subsequent offences.

In addition, the Act amends the Electronic Fund Transfer Act (a) to provide for limitations on interchange transaction fees; (b) to prohibit exclusive payment networks and routing restrictions for debit cards; (c) to limit the restrictions that credit and debit card networks may impose on retailers regarding discounts or transaction amount limits based on form of payment, and (d) to provide standards for remittance fee practices.