Common use of Authorization To Access Merchant’s Account Clause in Contracts

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 effect for at least 180 days after termination of this Agreement, or for a longer period as determined necessary by GETI 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, GETI will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a MICR reader/check scanner’s transactions. In cases where MERCHANT has been approved by GETI in advance to initiate credit entries, the debit to MERCHANT's account will be initiated first and the credit to the customer may be held until MERCHANT's debit clears, generally within 6 banking days or for a longer period as determined necessary by GETI to insure the funds have cleared MERCHANT's account. GETI may hold back certain amounts where GETI is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. GETI shall monitor MERCHANT’s transactional activity and MERCHANT agrees that GETI may delay funds for a reasonable period to investigate account activity. GETI will attempt to notify MERCHANT of any investigation, but GETI shall have no liability to MERCHANT or any other party, for any such actions taken by GETI. MERCHANT agrees that GETI may hold, setoff or retain funds to protect against amounts owed GETI or based on MERCHANT’s financial condition. GETI 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 GETI. GETI may return any item to MERCHANT for correction or proper processing.

Authorization To Access Merchant’s Account. MERCHANT hereby authorizes GETI Paya-EFT to initiate debit and credit entries to MERCHANT’S designated account. MERCHANT’s authorization shall continue in effect for at least 180 120 days after termination of this ACH Agreement, or for a longer period as determined necessary by GETI Paya-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, GETI Paya-EFT will generally transmit settlement to MERCHANT’s bank by the fourth bank within 7 business day following the day MERCHANT batches out a MICR reader/check scanner’s transactionsdays. In cases where MERCHANT has been approved by GETI Paya-EFT in advance to initiate credit entries, the debit to MERCHANT's account will be initiated first and the credit to the customer may be held until MERCHANT's debit clears, generally within 6 banking days or for a longer period as determined necessary by GETI Paya-EFT to insure the funds have cleared MERCHANT's account. GETI With respect to the Services, (i) settlement shall consist of a 7 banking day net settlement unless approved in advance by Paya-EFT in writing settlement shall consist of a 7 banking day net settlement unless approved in advance by Paya-EFT in writing; and (ii) No MERCHANT or customer is authorized to initiate a customer credit Entry, except where the Entry is the result of a reversal of a previous WEB debit Entry. Returns received after a transaction has been settled may be offset and deducted from current outstanding funds due to MERCHANT, or returns may be charged back to MERCHANT's account at Paya-EFT's discretion. XXXXXXXX specifically authorizes Paya-EFT to debit MERCHANT's account via Automated Clearing House (ACH) transfer for any previously funded transaction that is returned, and MERCHANT warrants to Paya-EFT that MERCHANT will maintain a sufficient balance to cover return entries and to promptly notify Paya-EFT of any changes to MERCHANT's accounts. In addition, Paya-EFT may require additional monetary sums for the reserve account from MERCHANT, and Paya-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, Paya- EFT may hold outstanding funds due to MERCHANT for up to one-hundred-twenty (120) days from the transaction date if Paya-EFT determines that the return history reasonably justifies the holding of funds. Paya-EFT may hold back certain amounts where GETI Paya-EFT is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. GETI Paya-EFT shall monitor MERCHANT’s transactional activity and MERCHANT agrees that GETI Paya-EFT may delay funds for a reasonable period to investigate account activity. GETI Paya-EFT will attempt to notify MERCHANT of any investigation, but GETI Paya-EFT shall have no liability to MERCHANT or any other party, for any such actions taken by GETIPaya-EFT. MERCHANT XXXXXXXX agrees that GETI Paya-EFT may hold, setoff or retain funds to protect against amounts owed GETI Paya-EFT or based on MERCHANT’s transaction history and/or MERCHANTS’ financial condition. GETI Paya-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 GETIPaya-EFT. GETI Paya-EFT may return any item to MERCHANT for correction or proper processing.

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 effect for at least 180 days after termination of this Agreement, or for a longer period as determined necessary by GETI 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, GETI will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a MICR reader/GETI approved check scannerimaging device’s transactions. In cases where MERCHANT Returns received after a transaction has been approved by GETI in advance settled may be deducted from current outstanding funds due to initiate credit entriesMERCHANT, the debit or returns may be charged back to MERCHANT's account will be initiated first and the credit at GETI's discretion. MERCHANT specifically authorizes GETI to the customer may be held until debit MERCHANT's debit clearsaccount via Automated Clearing House (ACH) transfer for any previously funded transaction that is returned, generally within 6 banking days or for and MERCHANT warrants to GETI that MERCHANT will maintain a longer period as determined necessary by sufficient balance to cover return entries and to promptly notify GETI of any changes to insure the funds have cleared MERCHANT's accountaccounts. In addition, GETI may require additional monetary sums for the reserve account from MERCHANT, and GETI 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, GETI may hold outstanding funds due to MERCHANT for up to one-hundred- eighty (180) days from the transaction date if GETI determines that the return history reasonably justifies the holding of funds. GETI may hold back certain amounts where GETI is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. GETI shall monitor MERCHANT’s transactional activity and MERCHANT agrees that GETI may delay funds for a reasonable period to investigate account activity. GETI will attempt to notify MERCHANT of any investigation, but GETI shall have no liability to MERCHANT or any other party, for any such actions taken by GETI. MERCHANT agrees that GETI may hold, setoff or retain funds to protect against amounts owed GETI or based on MERCHANT’s financial condition. GETI 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 GETI. GETI may return any item to MERCHANT for correction or proper processing.

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 effect for at least 180 days after termination of this Agreement, or for a longer period as determined necessary by GETI 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, GETI will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a MICR reader/GETI approved check scannerimaging device’s transactions. In cases where MERCHANT Returns received after a transaction has been approved by GETI in advance settled may be deducted from current outstanding funds due to initiate credit entriesMERCHANT, the debit or returns may be charged back to MERCHANT's account will be initiated first and the credit at GETI's discretion. MERCHANT specifically authorizes GETI to the customer may be held until debit MERCHANT's debit clearsaccount via Automated Clearing House (ACH) transfer for any previously funded transaction that is returned, generally within 6 banking days or for and MERCHANT warrants to GETI that MERCHANT will maintain a longer period as determined necessary by sufficient balance to cover return entries and to promptly notify GETI of any changes to insure the funds have cleared MERCHANT's accountaccounts. In addition, GETI may require additional monetary sums for the reserve account from MERCHANT, and GETI 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, GETI may hold outstanding funds due to MERCHANT for up to one-hundred-eighty (180) days from the transaction date if GETI determines that the return history reasonably justifies the holding of funds. GETI may hold back certain amounts where GETI is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. GETI shall monitor MERCHANT’s transactional activity and MERCHANT agrees that GETI may delay funds for a reasonable period to investigate account activity. GETI will attempt to notify MERCHANT of any investigation, but GETI shall have no liability to MERCHANT or any other party, for any such actions taken by GETI. MERCHANT agrees that GETI may hold, setoff or retain funds to protect against amounts owed GETI or based on MERCHANT’s financial condition. GETI 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 GETI. GETI may return any item to MERCHANT for correction or proper processing.

Authorization To Access Merchant’s Account. MERCHANT hereby authorizes GETI 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 GETI 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, GETI SPS-EFT will transmit settlement to MERCHANT’s bank by the fourth bank business day following the day MERCHANT batches out a MICR reader/SPS-EFT approved check scannerimaging device’s transactions. In cases where MERCHANT Returns received after a transaction has been approved by GETI in advance settled may be deducted from current outstanding funds due to initiate credit entriesMERCHANT, the debit or returns may be charged back to MERCHANT's account will be initiated first and the credit at SPS-EFT's discretion. XXXXXXXX specifically authorizes SPS-EFT to the customer may be held until debit MERCHANT's debit clearsaccount via Automated Clearing House (ACH) transfer for any previously funded transaction that is returned, generally within 6 banking days or for and MERCHANT warrants to SPS- EFT that MERCHANT will maintain a longer period as determined necessary by GETI sufficient balance to insure the funds have cleared cover return entries and to promptly notify SPS-EFT of any changes to MERCHANT's accountaccounts. GETI 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 GETI SPS-EFT is investigating a transaction for breach of warranty or transactional requirements by MERCHANT or for other reasons. GETI SPS-EFT shall monitor MERCHANT’s transactional activity and MERCHANT XXXXXXXX agrees that GETI SPS- EFT may delay funds for a reasonable period to investigate account activity. GETI SPS-EFT will attempt to notify MERCHANT of any investigation, but GETI SPS-EFT shall have no liability to MERCHANT or any other party, for any such actions taken by GETISPS-EFT. MERCHANT XXXXXXXX agrees that GETI SPS-EFT may hold, setoff or retain funds to protect against amounts owed GETI SPS-EFT or based on MERCHANT’s financial condition. GETI 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 GETISPS-EFT. GETI SPS-EFT may return any item to MERCHANT for correction or proper processing.