Common use of Authentication Procedures Clause in Contracts

Authentication Procedures. 3.1. All Payment Orders must be issued in accordance with the Authentication Procedures identified in the Enrollment Form. Customer acknowledges that it has been given a choice of Authentication Procedures, has had an opportunity to select an Authentication Procedure, and has voluntarily and freely selected the marked Authentication Procedures identified on the Enrollment Form. 3.2. Use of a PIN by any person other than an identified Authorized Representative on the Enrollment Form shall raise a presumption that Customer's security has been breached. Until new PINs are issued, the Bank shall have the right to require that all Payment Orders be made at the Bank. PINs may be changed by Bank from time to time. However, any Payment Order issued in compliance with the Authentication Procedures and accepted by Bank shall be effective as the Customer's Payment Order, and Customer agrees to be bound by the same whether or not authorized. 3.3. Customer agrees to preserve the confidentiality of the Authentication Procedures. If Customer chooses to utilize Bank's Business Online Banking Service to initiate the Service, all rules and Security Procedures associated with the Business Online Banking Service also apply to Payment Order processing.