Common use of Autopay Clause in Contracts

Autopay. DFS customers may elect to use Autopay to schedule recurring payments. The following terms and conditions apply to the Autopay service. You understand that participation in the Autopay service is subject to DFS approval. You may enroll in Autopay through the Site or by verbal agreement with electronic signature. By enrolling in Autopay, you are authorizing DFS to treat your electronic signature as evidence of your consent to initiate recurring electronic payment transactions from your designated bank account (“Designated Account”). You are also authorizing DFS to initiate debit entries to your Designated Account, at the financial institution you have indicated, using the Automated Clearing House (“ACH”) or other payment transfer service chosen by DFS from time to time. You acknowledge that the origination of ACH transactions to your Designated Account must comply with the provisions of U.S. law. You understand that this authorization will remain in full force and effect until DFS has received notification from you of its termination in such time and in such manner as to afford DFS and your designated financial institution a reasonable opportunity to act on it.