Common use of Authorization and Waiver Clause in Contracts

Authorization and Waiver. PROVIDER has advised CREDIT UNION that the degree of security of the It’s Me 247 ONLINE BANKING SYSTEM can be enhanced if each credit union member is required to use a password that is a minimum of between 6 and 10 characters. PROVIDER has also advised CREDIT UNION that this security can be enhanced even further by requiring that the member’s password also adhere to strong password rules which require this password to contain at least one of the following: lowercase letter, uppercase letter, number, and special character. CREDIT UNION accepts full responsibility for the password method chosen and waives all claims of any type against PROVIDER based, in whole or in part, on any allegation that the SYSTEM should have been designed or implemented in a manner which required stronger password for use by its members when logging into the SYSTEM.