Distribute Payment Settlement For Free

More Definitions of Distribution Check Distribution Check means a check payable to the order of a Settlement Class Member as the distribution of the Settlement Class Member's share of the Settlement Cash Proceeds pursuant to the approved Plan of Allocation and Distribution.

I The sending and receiving institutions' Federal Reserve accounts are used to settle each individual wire transfer payment. The Fed debits the sending institution's account and credits the receiving institution's account, while sending a message to the receiving institution containing all the transaction's details.

Simply put, payment gateway settlement is when the bank transfers funds immediately with no waiting. It is the process where the money is transferred or routed from the customer's bank to the merchant's bank.

Settlement Distribution or ?Settlement Distribution Plan? means the plan for allocation of the Net Settlement Amount prepared by the Special Master setting the Settlement Sum for each Participating Class Member.

After the settlement agreement is finalized and you have signed the release documents, a check will be issued and deposited into your lawyer's trust account. Once the check clears, your attorney will pay off any outstanding legal fees and any other debts you may have related to your injuries.

Once a transaction has been approved, settlement is the second and final step. This is when the issuing bank transfers the funds from the cardholder's account to the payment processor, who then transfers the money to the acquiring bank.

A Qualified Settlement Fund (QSF), also referred to as a 468B Trust, is an exceptionally useful settlement tool that allows time to properly resolve mass tort litigation and other cases involving multiple claimants.