Common use of Mobile Check Deposit Clause in Contracts

Mobile Check Deposit. Purdue Federal offers a remote deposit capture service (“Mobile Check Deposit”) to eligible members to make certain check deposits electronically in Mobile Banking by using a capture device to create an electronic image of a paper check payable only in U.S. Dollars and on a U.S. financial institution ("Item") by scanning the Item and transmitting it and related data to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you, or any person you have authorized. Before you capture the image of any Item, you shall endorse all Items with your signature and print "For PFCU Mobile Deposit Only" below your signature. You agree that after the Item has been imaged and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other representation thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction of the Items. You agree that the electronic image of the 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. Please refer to the Funds Availability Policy for consumer accounts in Your Guide to Member Services or the Business Deposits section for business accounts in Your Guide to Member Business Services for more detail on the availability of funds from your deposits. Deposits may be made to your eligible accounts from remote locations by photographing Items within the Mobile Banking application and delivering the images and associated deposit information to Purdue Federal. You agree to pay the fees described in the Fee Schedule that apply to your account. You agree that the image of the check transmitted to us shall be deemed an "Item" within the meaning of Article 4 of the Uniform Commercial Code. We may place daily and monthly limits on the dollar amount of deposits that can be made using Mobile Check Deposit. Only Items less than $10,000 are eligible for deposit using Mobile Check Deposit. We reserve the right to change, suspend or discontinue Mobile Check Deposit, in whole or in part, or your use of the service, in whole or in part. If the electronic files and/or images transmitted to us with respect to any Item do not comply with our processing requirements for content and/or format, we may, in our sole discretion: a) further transmit the Item and data in the form received from you; b) repair or attempt to repair the Item or data and then further transmit the Item; c) process the Item as photocopies in lieu of originals; or d) return the data and Item to you unprocessed and charge back your account. We are not responsible for Items we do not receive or for images that may fail during transmission. An image of an Item shall be deemed received when you receive a confirmation in Mobile Banking that the image upload was successful. Receipt of such confirmation does not mean that the transmission was error free or complete. You agree to retain and safeguard the original Item for at least 14 days after you have transmitted the Item images. After 14 days have passed and you have verified that the funds associated with the Item have been added to your balance, you agree to prominently ▇▇▇▇ the item as "VOID" and properly dispose of or safekeep the Item to ensure that it is not represented for payment. You also agree that you will not use Mobile Check Deposit to deposit any Items that: a) are made payable to persons or entities other than you; b) contain obvious alterations on the front of the Item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the Item is drawn; c) were previously converted to a substitute item, as defined in Federal Reserve Regulation CC, or were otherwise cashed or deposited; d) are drawn on a financial institution located outside the United States; e) are remotely created checks, as defined in Federal Reserve Regulation CC; f) are not payable in United States currency or on a US financial institution; g) are payable to cash; h) are a US Savings Bond, money order, cashier's check, or travelers check; i) do not bear a signature of the person from whom the item is drawn or lack an issued date; j) are postdated or dated more than 6 months prior to the date of deposit; or k) are otherwise not acceptable under the terms of your Purdue Federal account or Agreements. You represent and warrant to us that: a) any image we receive accurately and legibly represents all of the information on the front and back of the original Item as originally drawn; b) the information you transmit to us corresponding to an Item contains a record of all applicable MICR-line (the set of numbers at the bottom of the check) information required for a substitute check and the accurateamount of the Item; c) the Item conforms to the technical standards for an Electronic Item set forth in Federal Reserve Board Regulation J, or Federal Reserve Bank operating circulars and for a substitute check set forth in Federal Reserve Board Regulation CC; d) the item has not previously been deposited and no person will receive a transfer, presentment, or return of, or otherwise be charged for, the Item (either the original Item, or a paper or electronic representation of the original Item) such that the person will be asked to make payment based on an Item it has already paid; e) you will not redeposit through Mobile Check Deposit any Item previously depositedand returned to you unless we advise you otherwise; f) you will employ reasonable security measures sufficient to protect the Item in transmission and storage; g) you will only transmit Items that originated as paper Items; h) you will follow our endorsement requirements by endorsing all Items with your signature and printing "For PFCU Mobile Deposit Only" below your signature, and; i) you will comply with all laws and regulations applicable to you in your useof Mobile Check Deposit and not use Mobile Check Deposit for any purpose prohibited by foreign exchange regulations, postal regulations or any other treaty, statute, regulation or authority. You agree to notify us of any suspected errors regarding items deposited through Mobile Check Deposit right away, and to notify us in no event later than 60 days after the applicable account statement is provided. Unless you notify us within 60 days, such statement regarding all deposits made through Mobile Check Deposit shall be deemed correct. In addition to the indemnities contained elsewhere, you agree to indemnify us for any loss or expense (including attorney's fees and expenses of litigation) resulting from: a) your breach of any of the warranties made by you pursuant to this Agreement; and b) any claim pertaining to any warranty or indemnity that we make with respect to an Item under the Check Clearing for the 21st Century Act, Federal Reserve Board Regulations CC and J and all other laws, regulations and industry and clearing house rules applicable to Items.

Mobile Check Deposit. Purdue Federal offers a remote deposit capture service (“Mobile Check Deposit”) to eligible members to make certain check deposits electronically in Mobile Banking by using a capture device to create an electronic image of a paper check payable only in U.S. Dollars and on a U.S. financial institution ("Item") by scanning the Item and transmitting it and related data to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you, or any person you have authorized. Before you capture the image of any Item, you shall endorse all Items with your signature and print "For PFCU Mobile Deposit Only" below your signature. You agree that after the Item has been imaged and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other representation thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction of the Items. You agree that the electronic image of the 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. Please refer to the Funds Availability Policy for consumer accounts in Your Guide to Member Services or the Business Deposits section for business accounts in Your Guide to Member Business Services for more detail on the availability of funds from your deposits. Deposits may be made to your eligible accounts from remote locations by photographing Items within the Mobile Banking application and delivering the images and associated deposit information to Purdue Federal. You agree to pay the fees described in the Fee Schedule that apply to your account. You agree that the image of the check transmitted to us shall be deemed an "Item" within the meaning of Article 4 of the Uniform Commercial Code. We may place daily and monthly limits on the dollar amount of deposits that can be made using Mobile Check Deposit. Only Items less than $10,000 are eligible for deposit using Mobile Check Deposit. We reserve the right to change, suspend or discontinue Mobile Check Deposit, in whole or in part, or your use of the service, in whole or in part. If the electronic files and/or images transmitted to us with respect to any Item do not comply with our processing requirements for content and/or format, we may, in our sole discretion: a) further transmit the Item and data in the form received from you; b) repair or attempt to repair the Item or data and then further transmit the Item; c) process the Item as photocopies in lieu of originals; or d) return the data and Item to you unprocessed and charge back your account. We are not responsible for Items we do not receive or for images that may fail during transmission. An image of an Item shall be deemed received when you receive a confirmation in Mobile Banking that the image upload was successful. Receipt of such confirmation does not mean that the transmission was error free or complete. You agree to retain and safeguard the original Item for at least 14 days after you have transmitted the Item images. After 14 days have passed and you have verified that the funds associated with the Item have been added to your balance, you agree to prominently ▇▇▇▇ the item as "VOID" and properly dispose of or safekeep the Item to ensure that it is not represented for payment. You also agree that you will not use Mobile Check Deposit to deposit any Items that: a) are made payable to persons or entities other than you; b) contain obvious alterations on the front of the Item, or which you know or suspect, or should know or suspect, are fraudulent or otherwise not authorized by the owner of the account on which the Item is drawn; c) were previously converted to a substitute item, as defined in Federal Reserve Regulation CC, or were otherwise cashed or deposited; d) are drawn on a financial institution located outside the United States; e) are remotely created checks, as defined in Federal Reserve Regulation CC; f) are not payable in United States currency or on a US financial institution; g) are payable to cash; h) are a US Savings Bond, money order, cashier's check, or travelers check; i) do not bear a signature of the person from whom the item is drawn or lack an issued date; j) are postdated or dated more than 6 months prior to the date of deposit; or k) are otherwise not acceptable under the terms of your Purdue Federal account or Agreements. You represent and warrant to us that: a) any image we receive accurately and legibly represents all of the information on the front and back of the original Item as originally drawn; b) the information you transmit to us corresponding to an Item contains a record of all applicable MICR-line (the set of numbers at the bottom of the check) information required for a substitute check and the accurateamount of the Item; c) the Item conforms to the technical standards for an Electronic Item set forth in Federal Reserve Board Regulation J, or Federal Reserve Bank operating circulars and for a substitute check set forth in Federal Reserve Board Regulation CC; d) the item has not previously been deposited and no person will receive a transfer, presentment, or return of, or otherwise be charged for, the Item (either the original Item, or a paper or electronic representation of the original Item) such that the person will be asked to make payment based on an Item it has already paid; e) you will not redeposit through Mobile Check Deposit any Item previously depositedand deposited and returned to you unless we advise you otherwise; f) you will employ reasonable security measures sufficient to protect the Item in transmission and storage; g) you will only transmit Items that originated as paper Items; h) you will follow our endorsement requirements by endorsing all Items with your signature and printing "For PFCU Mobile Deposit Only" below your signature, and; i) you will comply with all laws and regulations applicable to you in your useof Mobile Check Deposit and not use Mobile Check Deposit for any purpose prohibited by foreign exchange regulations, postal regulations or any other treaty, statute, regulation or authority. You agree to notify us of any suspected errors regarding items deposited through Mobile Check Deposit right away, and to notify us in no event later than 60 days after the applicable account statement is provided. Unless you notify us within 60 days, such statement regarding all deposits made through Mobile Check Deposit shall be deemed correct. In addition to the indemnities contained elsewhere, you agree to indemnify us for any loss or expense (including attorney's fees and expenses of litigation) resulting from: a) your breach of any of the warranties made by you pursuant to this Agreement; and b) any claim pertaining to any warranty or indemnity that we make with respect to an Item under the Check Clearing for the 21st Century Act, Federal Reserve Board Regulations CC and J and all other laws, regulations and industry and clearing house rules applicable to Items.