Bill-Payer Relationships and Payer Data Sample Clauses

Bill-Payer Relationships and Payer Data. Prior to the acceptance of any funds from Payers, you will obtain and verify basic identification information from such Payers, including name, address, date of birth, and social security number or Tax ID as appropriate to the service that you are providing to Payer. You represent that you “know your customers” and assert in good faith that all transactions are, to your knowledge, for legitimate bona fide purposes. In addition, you will obtain and retain a signed or electronically accepted agreement from each Payer enrolled in the Service (i) that each Payer agrees to the Service Terms and Conditions, (ii) that each Payer is bound by any funds transfer or bill payments initiated by us, and (iii) each Payer indemnifies and holds the Bank harmless from any loss or liability in connection with the Service. You are solely responsible for (i) enabling Payer to receive the Service through the Platform; (ii) obtaining appropriate contractual and other required authorizations from, and providing appropriate notices to Payers; (iii) verifying Payer identification; (iv) complying with all contractual and other obligations of Xxxxxx owed to Payers; and (v) complying with all applicable federal and state laws and regulations.