Authorization To Access Merchant’s Account. Merchant hereby authorizes SPS-EFT to initiate debit and credit entries to Merchant’s designated account, which is identified in the Application. Merchant’s authorization shall continue in effect for at least 180 days after termination of this Agreement, or for such longer period as determined by SPS-EFT, in its sole discretion, to be necessary to properly terminate business.
Authorization To Access Merchant’s Account. MERCHANT hereby authorizes SPS-EFT to initiate debit and credit entries to MERCHANT’S designated account. MERCHANT’s authorization shall continue in effect for at least 180 days after termination of this Agreement, or for a longer period as determined necessary by SPS-EFT in the exercise of its sole discretion in order to properly terminate business. Unless a reserve or delay is placed on the MERCHANT’S account, SPS-EFT will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a SPS-EFT approved check imaging device’s transactions. Returns received after a transaction has been settled may be deducted from current outstanding funds due to MERCHANT, or returns may be charged back to MERCHANT's account at SPS-EFT's discretion. XXXXXXXX specifically authorizes SPS-EFT to debit MERCHANT's account via Automated Clearing House (ACH) transfer for any previously funded transaction that is returned, and MERCHANT warrants to SPS- EFT that MERCHANT will maintain a sufficient balance to cover return entries and to promptly notify SPS-EFT of any changes to MERCHANT's accounts. In addition, SPS-EFT may require additional monetary sums for the reserve account from MERCHANT, and SPS-EFT reserves the right to hold additional monies as necessary to reduce any risk associated with the daily processing of checks, as requested by MERCHANT. In the event of processing termination, SPS-EFT may hold outstanding funds due to MERCHANT for up to one-hundred-eighty (180) days from the transaction date if SPS-EFT determines that the return history reasonably justifies the holding of funds. SPS-EFT may hold back certain amounts where SPS-EFT is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. SPS-EFT shall monitor MERCHANT’s transactional activity and XXXXXXXX agrees that SPS- EFT may delay funds for a reasonable period to investigate account activity. SPS-EFT will attempt to notify MERCHANT of any investigation, but SPS-EFT shall have no liability to MERCHANT or any other party, for any such actions taken by SPS-EFT. XXXXXXXX agrees that SPS-EFT may hold, setoff or retain funds to protect against amounts owed SPS-EFT or based on MERCHANT’s financial condition. SPS-EFT will not be liable for any dishonor of any item as a result of actions taken hereunder. Any account is subject to review, verification, audit and acceptance by SPS-EFT. SPS-EFT may return any item to M...
Authorization To Access Merchant’s Account. Merchant hereby authorizes GETI to initiate debit and credit entries to Merchant’s designated account, which is identified in the Application. Merchant’s authorization shall continue in effect for at least 180 days after termination of this Agreement, or for such longer period as determined by GETI, in its sole discretion, to be necessary to properly terminate business.
Authorization To Access Merchant’s Account. Merchant hereby authorizes GETI to initiate debit and credit entries to Merchant’s designated account, which is identified in nt’s authorization Unless a reserve or delay is placed on the Merchant’s account, GETI will transmit settlement to Merchant’s bank within sevent
Authorization To Access Merchant’s Account. MERCHANT hereby authorizes GETI to initiate debit and credit entries to MERCHANT’S designated account. MERCHANT’s authorization shall continue in the MERCHANT’S account, GETI will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a GETI approved check imaging device’s transactions. transactional requirements by MERCHANT or for other reasons. GETI shall monitor MERCHANT’s transactional activity and XXXXXXX protect against amounts owed GETI or based on MERCHANT’s financial condition. GETI will not be liable for any dishonor of any name is printed on the face of the check or the customer’s authorized representative prior to crediting Customer. The custome the MERCHANT’s ordinary course of business and that the amount of the check evidences the customer’s total indebtedness for t – ck processing; (p) all of MERCHANT’S business locations engage in the business activity listed on the face of this Agreement; MERCHANT, nor any of its employees have submitted checks drawn from their personal checking accounts on the MERCHANT’s GETI a be collected by GETI by a debit to MERCHANT’S designated account initiated by GETI as provided in this Agreement. If for any
