Common use of Acceptance of Payment Orders Clause in Contracts

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Agreement, signed an Authorization for Transfer form, have a sufficient available balance on deposit in the appropriate account to execute the payment order, and produce valid identification. Once you have signed a Wire Transfer Agreement, we will accept telephonic payment orders from you, provided our security procedures are followed. Security Procedures: Once you have signed a Wire Transfer Agreement and provided us with security requirements, such as an access authorization code and other identifying information as the credit union requires in its security procedures policy, we will accept payment orders from you via telephone. This is provided you have a sufficient available balance on deposit in the appropriate account to execute the payment order, and you provide the information above to us when you call to make your payment order. At our discretion, we may verify your telephone request by calling you back you back at a number listed on your account record. You hereby acknowledge that the security procedures described are commercially reasonable and that you have selected the security procedure offered by the credit union after due consideration of all such alternatives and your business circumstances, including the size, type, and frequency of payment orders that you anticipate issuing to the credit union. You hereby acknowledge that you will be liable for any payment order or communication amending or canceling a payment order, whether or not authorized in your name and accepted by the credit union in compliance with the agreed-upon security procedure. You hereby agree to follow the security procedure when making a payment order via telephone.

Acceptance of Payment Orders. In general, we will accept payment orders only if you have signed a Wire Transfer Agreement, signed an Authorization for Transfer form, have a sufficient available balance on deposit in the appropriate account to execute the payment order, and produce valid identification. Once you have signed a Wire Transfer Agreement, we will accept telephonic payment orders from you, provided our security procedures are followed. Security Procedures: Once you have signed a Wire Transfer Agreement and provided us with security requirements, such as an access authorization code and other identifying information as the credit union Credit Union requires in its security procedures policy, we will accept payment orders from you via telephone. This is provided you have a sufficient available balance on deposit in the appropriate account to execute the payment order, and you provide the information above to us when you call to make your payment order. At our discretion, we may verify your telephone request by calling you back you back at a number listed on your account record. You hereby acknowledge that the security procedures described are commercially reasonable and that you have selected the security procedure offered by the credit union Credit Union after due consideration of all such alternatives and your business circumstances, including the size, type, and frequency of payment orders that you anticipate issuing to the credit unionCredit Union. You hereby acknowledge that you will be liable for any payment order or communication amending or canceling a payment order, whether or not authorized in your name and accepted by the credit union Credit Union in compliance with the agreed-upon security procedure. You hereby agree to follow the security procedure when making a payment order via telephone.