Common use of Bank Duties Clause in Contracts

Bank Duties. We will do the following, as applicable: 4.1 Provide multi-factor authentication that utilizes user IDs and passwords (“Codes”), to identify clients when logging into eCorp, plus, for high-risk transactions involving access to client information or the movement of funds to other parties, at least one other method of security such as a security device (“Token”), callback, or some other “out-of-band” control. We reserve the right to modify the identification process from time to time to implement new measures that are recommended in the industry to combat new or increased threats. 4.2 Set up limits for bill payment, funds transfer, wires, ACH, and other cash management services. 4.3 Provide secure sign-on which provides visual cues when you sign on so you know that you are on our website and it is safe to enter information. 4.4 Publish minimum best practices for online banking security on our website at xxx.xxxxxxxxxxxxxxx.xxx. We will also offer client education and awareness programs pertaining to the prevention of security breaches of online banking.

Appears in 3 contracts

Samples: Business Banking Services Agreement, Business Banking Services Agreement, Business Online Banking Agreement

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Bank Duties. We will do the following, as applicable: 4.1 Provide multi-factor authentication that utilizes user IDs and passwords (“Codes”), to identify clients when logging into eCorpBusiness online, plus, for high-risk transactions involving access to client information or the movement of funds to other parties, at least one other method of security such as a security device (“Token”), callback, or some other “out-of-band” control. We reserve the right to modify the identification process from time to time to implement new measures that are recommended in the industry to combat new or increased threats. 4.2 Set up limits for bill payment, funds transfer, wires, ACH, and other cash management services. 4.3 Provide secure sign-on which provides visual cues when you sign on so you know that you are on our website and it is safe to enter information. 4.4 Publish minimum best practices for online banking security on our website at xxx.xxxxxxxxxxxxxxx.xxxxxx.xxxx.xxxx. We will also offer client education and awareness programs pertaining to the prevention of security breaches of online banking.

Appears in 1 contract

Samples: Business Banking Services Agreement

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