ACH Origination Service Description Sample Clauses

ACH Origination Service Description. We’re here to help. Bank will provide to the person specified by you as your “Designated Contact” for the Service any applicable User Guides and the confidential user identification codes and passwords. The Designated Contact or any other person designated as an Authorized Individual in your Account Resolutions may authorize one or more other persons to facilitate ongoing Service administration, each known as an “Operations Contact.” The responsibilities for the Operations Contact for ongoing Service administration include: • send Entry Data to Bank; • provide Bank with file confirmation information; and • be called by Bank’s personnel for Service-related problem resolutions. Only the Designated Contact or Authorized Individual will be authorized to issue new Service instructions to Bank, or change existing Service instructions. The Designated Contact or Authorized Individual will be considered by Bank for all purposes to have full and unrestricted authority to perform all of the responsibilities of the Operations Contact even if additional persons are specified to serve as an Operations Contact. You must restrict access to any User IDs, passwords, and Security Devices provided to you only to the persons authorized to act on your behalf and you acknowledge and agree that those individuals in possession of the User IDs, passwords, and Security Devices are authorized to act on your behalf to submit Entry Data and/or give other instructions regarding the Service. If at any time you determine that any User IDs, passwords, or Security Devices have been compromised, you must immediately contact Bank to assist in making appropriate changes.
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