Common use of Authentication Procedures Clause in Contracts

Authentication Procedures. The Bank may require that the Client’s identity be authenticated using an authentication procedure selected by the Client when it initially logged on to the Online Services (the “Authentication Procedure”). The Client hereby acknowledges that it has selected such Authentication Procedure freely and voluntarily with full knowledge that different authentication procedures offered by the Bank may afford the Client differing degrees of security. The Client agrees that the Authentication Procedure is a commercially reasonable security procedure. At the Bank's sole discretion, the Bank may change the authentication procedures available to the Client; thereafter, the Client will be instructed to select an alternative authentication procedure.