Third-party providers must be paid within:

You can grant a payment initiation service provider or an account information service provider access to your bank account. The PSD2 specifies that these providers may use your bank’s verification procedure. Furthermore, the PSD2 stipulates that this procedure must always comprise two factors (strong customer authentication (SCA), see also the link below); however, the bank/savings bank or payment institution in question is free to specify the exact details.

Usually a combination of at least two of the following elements is requested:

• something you have (e.g. a debit card, mobile phone or TAN generator),
• something only you know (access code, PIN or passwort),
• biometric identification (e.g. fingerprint, iris scan).

First your bank/savings bank or payment institution checks whether you are the account holder.

To trigger a payment, an element (TAN) must be linked to the proposed transaction (amount and beneficiary). This TAN can only be used for this particular payment: If the amount or beneficiary changes, the TAN also changes. By entering the TAN, you agree to make the payment.

In combination with other security measures, this ensures that the payment service provider can only carry out transactions with your consent.

If you give a payment initiation service provider your consent to execute a payment, this is similar to asking your bank/savings bank to carry out a payment order.

The procedure for providers of account information services differs slightly. You must authorise access to your bank account using strong customer authentication the first time you order the account information service and then at least every 90 days thereafter.

Third Party Services. Company may link to or offer Third-Party Services on Company’s website or otherwise through the Services. Any purchase, enabling, or engagement of Third-Party Services, including but not limited to implementation, customization, consulting services, and any exchange of Data between You and any Third-Party Service, is solely between You and the applicable Third-Party Service provider and is subject to the terms and conditions of such Third-Party Provider. Company does not warrant, endorse or support Third-Party Services and is not responsible or liable for such Services or any losses or issues that result as Your use of such services. If You purchase, enable or engage any Third-Party Service for use in connection with the Services, You acknowledge that Company may allow providers of those Third-Party Services to access Your Data used in connection with the Services as required for the interoperation of such Third-Party Services with the Services. You represent and warrant that Your use of any Third-Party Service signifies Your independent consent to the access and use of Your Data by the Third-Party Service provider, and that such consent, use, and access is outside of Company’s control. Company will not be responsible or liable for any disclosure, modification or deletion of Data resulting from any such access by Third-Party Service providers.

Third Party Services. Each Party acknowledges and agrees that certain of the Services to be provided under this Services Agreement may have been, and may continue to be, provided to Recipient, by third parties designated by Provider. To the extent so provided, Provider shall use commercially reasonable efforts to (i) cause such third parties to provide such Services in accordance with the provisions of this Services Agreement and/or (ii) enable Recipient and its Subsidiaries to avail itself of such Services; provided, however, that if any such third party is unable or unwilling to provide any such Services, Provider shall use its commercially reasonable efforts to determine the manner in which such Services can best be provided, and, if there is any change to the level or cost of Services provided as a result, Provider and Recipient shall negotiate in good faith to amend Schedule A as appropriate.

Third Party Services. McDermott shall have the right to hire third-party subcontractors to provide all or part of any Service hereunder; provided, that McDermott shall consult in good faith with B&W regarding the proposed hiring of any third-party subcontractor that has not previously been involved in the activities relating to such Service prior to the date hereof; provided, further, that, in the event such subcontracting is inconsistent with the practice applied by McDermott generally from time to time within its own organization, McDermott shall give notice to B&W of its intent to subcontract any portion of the Services and B&W shall have 20 days (or such lesser period set forth in the notice as may be practicable in the event of exigent circumstances) to determine, in its sole discretion, whether to permit such subcontracting or whether to cancel such Service in accordance with Article VI hereof. If B&W opts to cancel a Service pursuant to the immediately preceding sentence, it shall not be liable to McDermott pursuant to Section 6.1 for any costs or expenses McDermott or any member of the MII Group remains obligated to pay to the third-party subcontractor identified in the notice provided by McDermott as described above. McDermott shall not be required to give notice of its intent to subcontract Services to any party listed on Exhibit 2.4 hereto, nor shall B&W have any right to cancel any Service subcontracted to any such listed party pursuant to this Section 2.4 (provided, that this sentence shall not prevent B&W from cancelling any Service pursuant to Section 6.1).