Withdrawing authorization for a recurring payment Sample Clauses

Withdrawing authorization for a recurring payment. If you want to completely stop a recurring payment, as opposed to stopping or canceling a future dated payment set for a specific day, follow the instructions on myTrustmark℠ to withdraw your authorization for that recurring payment. Third party processor; confidentiality - You authorize us or (at our sole option) a third party processor to process payment instructions and payments. If a third party processes payment instructions transmitted via myTrustmark℠, the third party processor may impose its terms and conditions on payments/▇▇▇▇ payments. You authorize us to release payment instructions and information about your accounts with us to the third party processor, to discuss matters with the third party processor, and to access information about payments. You authorize us and/or the third party processor to use, disclose and discuss such information and (if necessary, your personal nonpublic confidential information) with payees/billers and, as necessary, to obtain and use information from payees/billers. You agree to give us and the third party processor information needed for payments. You acknowledge that there may be a time lag between the time a payment instruction is submitted on myTrustmark℠ and is processed. (The day a payment instruction is acted on may differ from the scheduled payment date.) Payment authorization, method and timing; timing of debit to payment account - When you, or an authorized user, transmit a payment instruction via myTrustmark℠, you authorize us and/or the third party processor to (i) follow the payment instruction, (ii) initiate a debit, ACH debit, check, draft or item on the payment account for the payment amount specified in the payment instruction, (iii) select the method/format used to remit funds (such as, ACH credit or electronic, laser or paper check/draft/item, etc.) and (iv) remit funds to the payee (▇▇▇▇▇▇) in the amount specified in the payment instruction to arrive as close to the scheduled payment date as reasonably possible. You also authorize us to debit the payment account for the payment amount listed in the payment instruction at the earlier of the scheduled payment date or the date a debit, ACH debit, check, draft or item for the payment amount is presented to us for payment. You agree that if more than one myTrustmark℠ customer transmits a payment instruction listing the same payee (▇▇▇▇▇▇), we and/or the third party processor may issue a consolidated check to the payee (▇▇▇▇▇▇).