Authorization and Security Procedure Clause Samples
The Authorization and Security Procedure clause establishes the requirements and protocols for granting access to systems, data, or facilities and ensuring that such access is secure. Typically, this clause outlines the steps parties must follow to request, approve, and monitor access, such as using passwords, access cards, or multi-factor authentication, and may specify who is authorized to grant permissions. Its core function is to protect sensitive information and assets by ensuring only authorized individuals can access them, thereby reducing the risk of unauthorized access or security breaches.
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Authorization and Security Procedure. We have established operating rules and security procedures for you to initiate and receive funds transfers to or from your account(s), which rules and procedures include a requirement for you to sign a “Funds Transfer and Authorization Schedule” which, upon signature by any person duly authorized pursuant to Section 6 above with respect to those elections made by you on the Funds Transfer and Authorization Schedule, is incorporated by reference and made part of this Agreement. Such Funds Transfer and Authorization Schedule contains the rules and procedures (“Security Procedures”) which you and we will use to process payment orders initiated by you. Additional call back procedures may be utilized by you as described in the Security Procedures. You agree that the Security Procedures are commercially reasonable in light of your circumstances and the type, value and frequency of the payment orders you will request. You also agree to keep the Security Procedures confidential and not to disclose the Security Procedures to anyone except the persons whom you have authorized to make transfer requests on your behalf (“Authorized Representatives”). If you or any of your Authorized Representatives have reason to believe that a Security Procedure may have been learned by an unauthorized person, you agree to notify us immediately at the telephone number indicated in the Authorization Schedule. If we receive a payment order (or related request) in accordance with your Security Procedure, it shall be conclusively deemed authentic and we shall be entitled to rely thereon. You are responsible for the accuracy of the initial communication of the payment order as well as the accuracy of any documentation or callback of the payment order made by us. You, for yourself and each of your Authorized Representatives, agree that we, in our sole discretion, may record any telephone conversation between you or any Authorized Representative and us.
Authorization and Security Procedure. We have established operating rules and security procedures for you to initiate and receive funds transfers to or from your account(s). If we receive a payment order (or related request) in accordance with our security procedure, it shall be conclusively deemed authentic and we shall be entitled to rely thereon. You are responsible for the accuracy of the initial communication of the payment order as well as the accuracy of any documentation or callback of the payment order made by us.
Authorization and Security Procedure. We have established rules and security procedures for you to initiate and receive funds transfers from your Account. You must confirm your identity in a manner acceptable to HSA Bank to place a payment order. You agree that this security procedure is commercially reasonable in view of the type, value, and frequency of the payment orders you request. We may, in our discretion, adopt additional security procedures. You are responsible for the accuracy of the information in the payment order and for the completion of the form, and we are entitled to rely upon the content thereof.