Yes it does meet the definition. Rather than take a loss in these situations, I will provisionally credit the account the amount of the claim, refunding any fees the were charged as a result of the payment being deducted early, and then debit the account for the amount of the loan payment on the day the cardholder claims it should have taken place.
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Sola Gratia, Sola Fides, Sola Scriptura, Solus Christus, Soli Deo Gloria!
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