Common use of Account Monitoring Clause in Contracts

Account Monitoring. (a) Merchant acknowledges that Bank will, and NMS may, monitor Merchant’s daily deposit activity. The deposit activity must remain consistent to the monthly volume and average ticket amount implicitly approved or adjusted by Bank and NMS (“Risk Parameters”). If Merchant should exceed Risk Parameters, Merchant agrees to provide documentation as set forth by Bank and NMS if so required. Merchant agrees that Bank may not deposit total Sales Draft dollar volume in excess of the implicitly approved monthly volume. Merchant agrees that Bank may, at its sole discretion, suspend Merchant’s transaction deposits for any reasonable period of time required to investigate suspicious or unusual transaction activity. Bank shall make a good faith effort to notify Merchant immediately. Bank shall have no liability (b) If a batch is suspended by Bank, Merchant acknowledges that the consumer’s product or service must be delivered just as if the Merchant has been paid. Further, if a batch or a transaction is suspended, Merchant acknowledges that fees, including security fees, will be assessed by Bank.

Account Monitoring. (a) Merchant acknowledges that Bank will, and NMS may, monitor Merchant’s daily deposit activity. The deposit activity must remain consistent to the monthly volume and average ticket amount implicitly approved or adjusted by Bank and NMS (“Risk Parameters”). If Merchant should exceed Risk Parameters, Merchant Xxxxxxxx agrees to provide documentation as set forth by Bank and NMS if so required. Merchant Xxxxxxxx agrees that Bank may not deposit total Sales Draft dollar volume in excess of the implicitly approved monthly volume. Merchant Xxxxxxxx agrees that Bank may, at its sole discretion, suspend MerchantXxxxxxxx’s transaction deposits for any reasonable period of time required to investigate suspicious or unusual transaction activity. Bank shall make a good faith effort to notify Merchant immediately. Bank shall have no liability (b) If a batch is suspended by Bank, Merchant acknowledges that the consumer’s product or service must be delivered just as if the Merchant has been paid. Further, if a batch or a transaction is suspended, Merchant acknowledges that fees, including security fees, will be assessed by Bank.