Sentences with phrase «third party to the transaction»

This ensures that they are a third party to the transaction and will give a fair estimate of the value of the home.
Smart contracts are enforced and controlled by the blockchain that has a role of unbiased and objective third party to the transaction.
The principal function is to be an impartial third party to the transaction.

Not exact matches

Bitcoin transactions occur peer - to - peer, meaning no government or third party is involved.
To protect the buyers, the company will be introducing a purchase protection mechanism that helps minimize the risk of scams and fraud by providing full payment protection, acting as a third - party mediator during the transaction, and ensuring the delivery of the paid - for product or service.
The small - business sector in particular is poised to benefit as it becomes safer and easier to connect real - time transaction data to third - party solutions like QuickBooks, Xero or a host of other applications.
Aligning with a secure, third party payments provider to handle transactions isn't just a strong, forward thinking maneuver — it will save you a lot of work as well.
ORIGINAL REQUEST: For any account / wallet / vault with respect to which the registered user gave any third party access, control, or transaction approval authority, all powers of attorney, letters of wishes, corporate minutes, or other agreements or instructions granting the third party such access, control, or approval authority.
NOW LIMITED TO: correspondence between Coinbase and the covered user or any third party with access to the account / wallet / vault pertaining to the account / wallet / vault opening, closing, or transaction activitTO: correspondence between Coinbase and the covered user or any third party with access to the account / wallet / vault pertaining to the account / wallet / vault opening, closing, or transaction activitto the account / wallet / vault pertaining to the account / wallet / vault opening, closing, or transaction activitto the account / wallet / vault opening, closing, or transaction activity.
That means you don't need a third party like a bank to clear your transactions.
«In uses that involve a financial transaction, it makes sense to use bitcoin or some other digital currency for the same reason — by doing so, transactions can be automated and guaranteed without recourse to third parties, such as a bank.»
Crucially, Treasury also prohibited the use of third parties» U.S. correspondent accounts to process transactions for North Korean financial institutions.
Titled «The CryptoCurrency Tax Fairness Act,» the bill would create an exemption for transactions under $ 600 and clarify what third party exchanges should do to help with tax reporting.
That's not to say sales have been slow; of third - party estimates that put the value of transactions on BuildDirect between US$ 100 million and US$ 150 million this year, Booth says: «That would be in the right range.»
«In these cases, the intermediaries rarely voluntarily disclose to the casino that a transaction is being conducted on behalf of a third party, thereby disguising the third party's role in the transaction and obscuring the source of funds used to place the bet.
Immigration lawyers are an ideal, but pricey, option, while third - party startup services like UpCounsel and LawTrades.com, which connect startups to lawyers for a transaction fee, are less expensive.
Blockchain technology allows the immediate, secure transfer of funds anywhere in the world without a third party such as a bank to facilitate the transaction.
The transaction is subject to receiving regulatory approvals, third - party consents and other customary conditions.
Lately it has been expanding its business by adding transaction services for its merchants allowing consumers to buy products and services from third - party vendors like a marketplace.
We use the Personal Information, the Billing Information, and the Other Information to process transactions; provide you the Services; solicit your feedback; inform you about our Products, services, upcoming events, recipes, and special promotions and those of our third - party marketing partners; administer and process contests, promotions, and sweepstakes; and improve our Services to you.
Substantially all of the transaction costs excluded from Adjusted Revenue are interchange fees set by payment card networks and are paid to card issuers, with the remainder of such transaction costs consisting of assessment fees paid to payment card networks, fees paid to third - party payment processors, and bank settlement fees.
Everypost makes no representation and shall have no liability or obligation whatsoever in relation to the content or use of, or correspondence with, any such Third - Party Services or any transactions completed and any contract entered into by you with any such third pThird - Party Services or any transactions completed and any contract entered into by you with any such third pParty Services or any transactions completed and any contract entered into by you with any such third pthird partyparty.
We, our sellers, and our partners, including third - party data centers that we use, obtain and process large amounts of sensitive data, including data related to our sellers, their customers, and their transactions.
Emphasizing how China's potential CBDC would be designed to retain the PBoC's centralized monetary authority, Yifei described functionality being explored as possessing «controllable anonymity» whereby the PBoC would act as the exclusive third party to verify transaction data.»
When real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third - party valuation on transactions of $ 50,000 or more.»
A TPSO is required to report payments made to a merchant on a Form 1099 - K, Payment Card and Third Party Network Transactions, if, for the calendar year, both (1) the number of transactions settled for the merchant exceeds 200, and (2) the gross amount of payments made to the merchant exceeTransactions, if, for the calendar year, both (1) the number of transactions settled for the merchant exceeds 200, and (2) the gross amount of payments made to the merchant exceetransactions settled for the merchant exceeds 200, and (2) the gross amount of payments made to the merchant exceeds $ 20,000.
Credit card transactions are handled by third party financial institutions and their vendors and contractors who receive credit card numbers and other personal information from us to verify the credit card numbers and process transactions.
Factoring is a transaction in which a business sells its invoices, or receivables, to a third - party financial company known as a «factor.»
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point - of - sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
Blockchain technology in its simplest form allows transactions to occur between individuals and institutions without the need for a third party.
In addition to any other requirements or restrictions set forth in this Agreement, you shall not: (i) utilize the credit available on any Card to provide cash advances to Cardholders, (ii) submit any card transaction for processing that does not arise from your sale of goods or service to a buyer customer, (iii) act as a payment intermediary or aggregator or otherwise resell our services on behalf of any third party, (iv) send what you believe to be potentially fraudulent authorizations or fraudulent card transaction, or (v) use your Merchant Account or the Service in a manner that Visa, MasterCard, American Express, Discover or any other Payment Network reasonably believes to be an abuse of the Payment Network or a violation of Payment Network rules.
The opinion of an independent third party can also help you decide which route to take when dealing with relationships and transactions with minority shareholders, employee ownership and stock option arrangements, and litigation and shareholder disputes.
For example, National Australia Bank records the details of millions of electronic transactions, strips the data of information that could identify individual customers, and passes it to a joint venture that the bank set up in 2008 with the data analytics company Quantium, which sells insights from the data to third parties.
Because of this, Blockchain technologies allow a nearly tamper - proof record to be created and allows individuals to transact peer to peer without having to put their trust in a third party to honestly facilitate their transactions.
However, since expanding they have started to utilize third parties to aid in verifying transactions.
Bloomberg reports, «The Alphabet Inc. unit is developing its own distributed digital ledger that third parties can use to post and verify transactions... Although the timing of any product release is unclear, the company plans to offer this to differentiate its cloud service from rivals.
Yes, one could argue that other users in the block chain are third parties needed to complete transactions, but the fact of the matter is that they are not parasites that add extra layers of cost without adding any value.
Unlike fiat currency, Bitcoin does not require third parties to confirm or verify transactions.
The Monetary Authority of Singapore also signaled their intention to encourage banks to consider the many applications of the blockchain in the financial sector where distributed ledger systems may potentially be «applied in any area which involves contracts or transactions that currently rely on trusted third parties for verification».
[Confidentiality: Until the initial closing of the financing contemplated by this Memorandum of Terms, the existence and terms of this Memorandum of Terms shall not be disclosed to any third party without the consent of the Company and the lead investor (s), except as may be (i) reasonably required to consummate the transactions contemplated hereby or (ii) required by law.]
Federal regulations prohibit you from making more than a total of six transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point - of - sales purchase transactions with a banking card, by preauthorized or automatic agreements, by telephone or online.
Bitcoin has gained significant attention in the recent past due to the innovativeness of the peer to peer payment system that has removed the need for third parties in such transactions.
You may also click on the transaction «Tx code» to view the detailed confirmation information from a third party source.
Blockchain thus removes the need for a third party to verify peer - to - peer digital transactions.
Any person has to register with SEC in case they provide any services associated with financial transactions or even being a third party to any sort of financial operation.
This method employs the same logic as blockchain technology, namely that trust can be established by the system without the need for third parties to verify actions and transactions.
Subsequent to the end of the fourth quarter, the company entered into an asset light transaction with a third party which will develop the remaining units at the company's resort on Marco Island, Florida, and sell the completed units to the company.
No Third - party Interruptions: Bitcoin's cryptographically - secure peer - to - peer trading system prevents governments, banks, other financial intermediaries, or other Bitcoin users from interrupting or manipulating transactions or freezing Bitcoin accounts
Laser has been developed to offer this function of interoperability between blockchain by standardizing properties such as wallet numbers, it will be possible for users of one blockchain to make transactions with users of another blockchain without the use of a third - party exchange.
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