the party to whom payment is to be made
Actually, it is called a third party Fedwire. What it means is that a Fedwire payment, which is a real-time payment made over the Federal Reserve's Fedwire Funds Transfer system is being either initiated or received by a bank's customer (the "third party"). Many Fedwire payments are between banks (from one bank to another bank). But when a Fedwire payment involves a bank's customer, it is called a "third party" Fedwire.
When a payment is made by a third person, it can lead to several effects, such as the discharge of the original debtor's obligation if the creditor accepts the payment. This can also establish a new relationship between the third party and the debtor, as the third party may seek reimbursement. Additionally, the creditor may need to confirm the legitimacy of the payment to avoid disputes. Overall, third-party payments can complicate financial transactions and relationships.
There never has been a third party system . Two parties have dominated.
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
Reimbursement or other compensation paid by a person or organization that wasn't directly involved in the event that gave rise to the payment (i.e., a 'third party'). For example, you undergo medical treatment. Your insurance company (the third party) reimburses your medical provider.
Third party payment is an effective way to solve troubles in payment. It can guarantee the goods quality and reliable exchange, and the exchange of a purchase. It will monitor the processes of trade to ensure the both buyer and seller are honest. The third party payment offers necessary support for ensuring a successful business in e-commerce. In international trade, third party payment is more important too. Recently some famous platforms existed are Paypal of ebay , Escrow in USA , Safe Trade
the United States has never has a "third party system." Occasionally a strong third party has "disrupted" the established two-party system.
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the way payment is made by third party payeer.
There never has been a third party system . Two parties have dominated.
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