Define: Cash Management Products and Services
Cash Management Products and Services means agreements or arrangements to provide credit cards, debit cards, stored value cards, purchase cards, ACH transactions, treasury management services, including lockboxes, automated clearinghouse transactions, overdrafts, interstate depository network services, and foreign currency exchanges.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Cash Management Products and Services means agreements or arrangements to provide credit cards, debit cards, stored value cards, purchase cards, ACH transactions, treasury management services, including lockboxes, automated clearinghouse transactions, overdrafts, interstate depository network services, and foreign currency exchanges.
Relevant Circumstances
- Partnership or collaboration with another business to accept payment methods.
- Providing financial and treasury management services.
- Operating an online platform that processes transactions.
- Expanding to accept numerous payment methods including credit and debit cards.