Deposit of Images of Eligible Item; Image Submission; Processing and Payment. You agree that you may only Submit and deposit Eligible Items using Mobile Banking. In addition, all Images you Submit to Bank using Mobile Banking must be legible and meet our requirements, including hardware and software requirements such as required Mobile Devices, operating systems, and camera specifications. All required hardware and software will be at your expense. Each Image must provide all information on the front and back of the Eligible Item at the time presented to you by the drawer, including without limitation information about the drawer and the paying bank that is preprinted on the Eligible Item, MICR information, signature(s), any required identification written on the front of the Eligible Item, and any endorsements applied to the back of the Eligible Item. The information you Submit to Bank must meet the standards established by the American National Standards Institute, the Board of Governors of the Federal Reserve, and any other regulatory agency, clearing house, or association and contain the correct amount of the Eligible Item. Endorsements must be made in accordance with the Endorsement and Procedures section of this Agreement.
Appears in 2 contracts
Sources: Master Commercial Account Agreement, Master Commercial Account Agreement