Common use of ACH Vendor Registration Assistance Services Clause in Contracts

ACH Vendor Registration Assistance Services. If you select or use the ACH Vendor Enrollment Service, the Bank will implement a campaign to migrate your designated vendors from receiving payments by check to receiving payments by ACH. You shall provide the Bank with a list of designated vendors with complete, accurate, and updated contact information for each vendor. The Bank shall have no responsibility or liability for any incompleteness, inaccuracy, or out of date vendor contact information. You authorize the Bank to contact your vendors in furtherance of this ACH payment migration campaign. You authorize the Bank to automatically convert check payment instructions to ACH instructions for registered vendors.