Common use of File Transmission Clause in Contracts

File Transmission. Member shall transmit files containing check images and employing methods and procedures specified by Credit Union. Credit Union will acknowledge receipt of files by transmitting a message to Member in the manner specified in the Documentation. Member is responsible for providing Credit Union with a current internet e-mail address and for notifying Credit Union of any changes. Files are not deemed received by Credit Union until Credit Union has transmitted to Member a message acknowledging receipt of the file. It is the Member’s responsibility to maintain an accurate email address on file with the Credit Union. Acknowledgment of receipt of a file by Credit Union serves only to confirm that the file was received, and shall not be construed as confirmation that the file complies with the requirements of this Agreement, or is error-free, or that any particular item was included in the file or has been deposited. Credit Union shall not bear any liability to any party for errors in transmissions, including images dropped, distorted, or otherwise degraded in transmission.

Appears in 2 contracts

Sources: Remote Deposit Service Agreement, Remote Deposit Service Agreement

File Transmission. Member shall transmit files containing check images and employing methods and procedures specified by Credit Union. Credit Union will acknowledge receipt of files by transmitting a message to Member in the manner specified in the Documentation. Member is responsible for providing Credit Union with a current internet Internet e-mail address and for notifying Credit Union of any changes. Files are not deemed received by Credit Union until Credit Union has transmitted to notified Member a message acknowledging receipt of the file. It is the Member’s responsibility to maintain an accurate email address on file with the Credit Union. Acknowledgment of receipt of a file by Credit Union serves only to confirm that the file was received, and shall not be construed as confirmation that the file complies with the requirements of this Agreement, or is error-free, or that any particular item was included in the file or has been deposited. All deposited items transmitted are reviewed prior to being credited to Member’s account. Credit Union shall not bear any liability to any party for errors in transmissions, including images dropped, distorted, or otherwise degraded in transmission.

Appears in 1 contract

Sources: Electronic Funds Transfer Agreement