Common use of Item Processing Clause in Contracts

Item Processing. If the Electronic Item transmitted to us does not comply with our processing requirements for content and/or format, we may, in our sole discretion: a. further transmit the Electronic Item in the form received from you; b. repair or attempt to repair the Electronic Item and then further transmit it; c. return the data and Electronic Item to you unprocessed and charge back your account. The Electronic Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. We will use commercially reasonable efforts to review each Electronic Item and have the right to reject any Electronic Item that we in our sole discretion determine to be ineligible for the Service. We are not responsible for Electronic Items: a. that were previously processed or that we do not receive b. that may fail during transmission c. that are illegible or contains MICR data that is not machine-readable d. that are drawn on banks located outside the United States

Appears in 1 contract

Sources: Online Banking Agreement Addendum

Item Processing. If the Electronic Item transmitted to us does not comply with our processing requirements for content and/or format, we may, in our sole discretion: a. : further transmit the Electronic Item in the form received from you; b. ; repair or attempt to repair the Electronic Item and then further transmit it; c. ; return the data and Electronic Item to you unprocessed and charge back your account. The Electronic Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. We will use commercially reasonable efforts to review each Electronic Item and have the right to reject any Electronic Item that we in our sole discretion determine to be ineligible for the Service. We are not responsible for Electronic Items: a. : that were previously processed or that we do not receive b. that may fail during transmission c. transmission that are illegible or contains MICR data that is not machine-readable d. that are drawn on banks located outside the United States

Appears in 1 contract

Sources: Online Banking Agreement Addendum