You can authorize AmeriCU Credit Union to
initiate electronic debits drawn on your AmeriCU account on the due date shown on my AmeriCU Credit Card monthly statement.
Not exact matches
Such transfers generally include those
initiated through an
electronic terminal, telephone, computer, including mobile devices that instruct a financial institution to credit or
debit a consumer's asset account.
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.
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.