Real Time Deposit Risk Management Sample Clauses

Real Time Deposit Risk Management. The mRDC Service and the Q2mobility application utilize a wide range of Check deposit risk factors weighing against each of your mobile Check deposit submissions, in an effort to detect and uncover errors, irregularities and indications of possibly fraudulent characteristics that, potentially, could defeat the collection of a Check or result in later return. The Bank will promptly review Checks placed in this category. This risk management process benefits not only the Bank, but also protects you. In its discretion the Bank may reject any Check submission, not only for issues of poor image quality, but also for issues concerning authenticity, potential fraud, compliance with Bank rules and Check negotiability. The criteria for rejection could include, but are not limited to, violations of Maximum Deposit Limits (see Section II., below), Ineligible Items, incomplete Checks, improper endorsements, missing endorsements, forgeries, mismatched names, amounts or other data, material alterations, counterfeits, errors in MICR line or routing transit number (“RTN”), duplicates [i.e., checks previously deposited or submitted for deposit at any financial institution (which were not eligible for redeposit)], stopped items, closed or blocked accounts, device or geo-location issues, etc.). If rejection of a Check is possible, but not certain, it will be sent for back office review and a quick determination of whether or not the Check will be accepted and sent for collection. If the Check image is illegible or the Maximum Deposit Limits are exceeded, you will receive prompt on-screen notice of the rejection. If rejected for other reasons, you will be notified of the rejection via separate communication.
View SourceView Similar (2)
Real Time Deposit Risk Management. Behind the scenes, the mRDC Service and the Q2mobility application utilizes a wide range of check deposit risk factors weighing against each of your mobile check deposit submissions, in an effort to detect and uncover errors, irregularities and indications of possibly fraudulent characteristics that, potentially, could defeat the collection of a check or result in its later return. The Bank will promptly review checks placed in this category. This risk management process benefits not only the Bank, but also protects you, the User. When the Bank deems it appropriate, as determined in its sole discretion, a check(s) deposit may be rejected not only for issues of poor image quality, but also for questions concerning its negotiability. If rejection of a check is possible, but not certain, it will be sent for back office attention and a quick determination of whether or not the check will be sent for presentment and collection.
View SourceView Similar (2)

Related to Real Time Deposit Risk Management

  • Credit Risk Retention The Seller shall retain, either directly or through a “majority-owned affiliate” (as such term is defined in 17 CFR Part 246.2) of the Seller, an economic interest in the Receivables in accordance with 17 CFR Part 246.4, and shall not, and shall cause any such majority-owned affiliate to not, sell, pledge or hedge such interest except as is permissible under 17 CFR Part 246.12.

  • Removal of the Credit Risk Manager The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the exercise of its or their sole discretion. The Certificateholders shall provide written notice of the Credit Risk Manager’s removal to the Trust Administrator. Upon receipt of such notice, the Trust Administrator shall provide written notice to the Credit Risk Manager of its removal, which shall be effective upon receipt of such notice by the Credit Risk Manager.

  • Income Collection, Transaction Processing, Account Administration of a basis point per annum on the average net assets of the Fund.

  • Interest Rate Risk Management Instruments (a) All interest rate swaps, caps, floors and option agreements and other interest rate risk management arrangements to which the Parent or any of its Subsidiaries is a party or by which any of their properties or assets may be bound were entered into in the Ordinary Course of Business and in accordance with prudent banking practice and applicable rules, regulations and policies of Parent Regulatory Agencies and with counterparties believed to be financially responsible at the time, and are legal, valid and binding obligations enforceable in accordance with their terms (except as may be limited by general principles of equity, whether applied in a court of law or a court of equity, and by bankruptcy, insolvency and similar Laws affecting creditors’ rights and remedies generally), and are in full force and effect. The Parent and each of its Subsidiaries has duly performed in all material respects all of its obligations thereunder to the extent that such obligations to perform have accrued; and, to the Knowledge of the Parent, there are no breaches, violations or defaults or allegations or assertions of such by any party thereunder.

  • Credit Risk Accounts that are otherwise determined to be unacceptable by Agent in its Permitted Discretion, upon the delivery of prior or contemporaneous notice (oral or written) of such determination to the Borrower;