Rejections; Returns. American Express will promptly notify Company of any ACH Instructions that American Express, the ODFI or the ACH rejects, or of any ACH Payments that are rejected or returned by the RDFI or the ACH. Company will be responsible for any correction of ACH Instruction errors. Company will reimburse American Express for any losses arising directly or indirectly from any returns, rejections or other reversal of any ACH Payment. Company agrees to make payment to the ODFI for any ACH Payments accepted, rejected or returned by the RDFI to the extent the ODFI does not receive payment from American Express.
Appears in 2 contracts
Sources: American Express Payment Services Client Agreement, American Express Payment Services Client Agreement