Common use of Payment Control Service Clause in Contracts

Payment Control Service. 4.1 Any Full Access (Account Signatory) User may request from within the Service that one of the following payment control methods applies to your Account(s): 4.1.1 individual Users can make payments up to a limit specified by you for that User (“Individual Payment Limit”); 4.1.2 every payment requires two Users (subject to clause 4.2) to participate in the control process (one User creates and approves a payment instruction and the second User authorises that instruction); or 4.1.3 every payment requires three Users (subject to clause 4.2) to participate in the control process (one User creates and authorises a payment instruction and two other Users must also authorise that same payment instruction. 4.2 Any Full Access (Account Signatory) User may request from within the Service that an individual User can only create payment instructions (“Creator”). 4.2.1 The Creator can also be an authoriser for the purpose of clause 4.1.2 or 4.1.3. 4.2.2 Where the Creator is not an authoriser for the purpose of clause 4.1.2 or 4.