Common use of Returned Entries Clause in Contracts

Returned Entries. Alloya shall notify Member by e-mail or other means of the receipt of a returned Entry from the ACH Operator. Alloya shall provide Member all information with respect to each NOC Entry received by Alloya relating to Entries transmitted by Member. Alloya will provide such information to Member within two (2) banking days of the Settlement Date of each NOC Entry. Member shall ensure that changes requested by the NOC are made within six (6) banking days of Member’s receipt of the NOC information from Alloya or prior to initiating another Entry to the Receiver's account, whichever is later.

Appears in 2 contracts

Sources: Automated Clearing House Originations Services Product Operating Agreement, Automated Clearing House Origination Services Product Operating Agreement