Common use of Mobile Remote Deposit Capture Service Clause in Contracts

Mobile Remote Deposit Capture Service. ‌ The Mobile Remote Deposit Capture Service (“Mobile Deposit”) allows Company to deposit certain Checks, being defined below as “Eligible Items”, to Company’s Accounts at Bank through means of a Company, or one of Company’s Authorized Representative’s, camera enabled mobile device(s) capable of capturing images and required visual information and then electronically delivering the Check’s image and associated deposit information to the Bank or the Bank’s designated processor. The mobile imaging device or cell phone must have the capability to (a) capture an image of the front and back of each check to be deposited in accordance with the Procedures; (b) read and capture the magnetic ink character recognition (“MICR”) line on each check; and

Appears in 2 contracts

Sources: Business Online Banking Authorization Agreement, Business Online Banking Authorization Agreement

Mobile Remote Deposit Capture Service. The Mobile Remote Deposit Capture Service (“Mobile Deposit”) allows Company to deposit certain Checks, being defined below as “Eligible Items”, to Company’s Accounts at Bank through means of a Company, or one of Company’s Authorized Representative’s, camera enabled mobile device(s) capable of capturing images and required visual information and then electronically delivering the Check’s image and associated deposit information to the Bank or the Bank’s designated processor. The mobile imaging device or cell phone must have the capability to (a) capture an image of the front and back of each check to be deposited in accordance with the Procedures; (b) read and capture the magnetic ink character recognition (“MICR”) line on each check; and

Appears in 1 contract

Sources: Business Online Banking Authorization Agreement