Common use of Check Retention and Destruction Clause in Contracts

Check Retention and Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via eDeposits for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond ninety (90) days from the date processed and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)

Check Retention and Destruction. Member agrees You agree that all items belong to Member you and not to the Credit Union and that those items shall be handled in accordance with this Agreementthe terms hereof. After receipt by the Credit Union of any receives your transmission by Member of imaged items for deposit to Member's into your account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's Your electronic transmission is subject to proof and verification. Member You shall retain the original of all imaged items that have been deposited via eDeposits for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond less than sixty (60) days or more than ninety (90) days from the date processed and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains you maintain the original checksitems, the Member understands you understand and agrees agree that it you must use a high the highest degree of care to protect these original checks items against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks items for purposes of presentment for deposit of these original checks items (i.e., after the original checks items have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original checksitems. When Member destroys, you destroy and disposes of, dispose of the original checks items pursuant to the requirements of this Agreementthe terms hereof, the Member understands you understand and agrees agree that it you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks items are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks items are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)

Check Retention and Destruction. Member agrees You agree that all items belong to Member you and not to the Credit Union and that those items shall be handled in accordance with this Agreementthe terms hereof. After receipt by the Credit Union of any receives your transmission by Member of imaged items for deposit to Member's into your account, the Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's Your electronic transmission is subject to proof and verification. Member You shall retain the original of all imaged items that have been deposited via eDeposits for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond less than sixty (60) days or more than ninety (90) days from the date processed and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains you maintain the original checksitems, the Member understands you understand and agrees agree that it you must use a high the highest degree of care to protect these original checks items against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks items for purposes of presentment for deposit of these original checks items (i.e., after the original checks items have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original checksitems. When Member destroys, you destroy and disposes of, dispose of the original checks items pursuant to the requirements of this Agreementthe terms hereof, the Member understands you understand and agrees agree that it you must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks items are not accessed by unauthorized persons during personsduring the destruction and disposal process and, once destroyed, the original checks items are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)

Check Retention and Destruction. Member agrees that all items belong to Member and not to Credit Union and that those items shall be handled in accordance with this Agreement. After receipt by Credit Union of any transmission by Member of imaged items for deposit to Member's account, Credit Union will acknowledge by electronic means its receipt of such electronic transmission. Member's electronic transmission is subject to proof and verification. Member shall retain the original of all imaged items that have been deposited via eDeposits for reasonable period of time in order to verify settlement and credit or to balance periodic statements, but in no case beyond ninety (90) days from the date processed processed, and shall properly destroy and dispose of such original checks after such time. During the period that the Member maintains the original checks, the Member understands and agrees that it must use a high degree of care to protect these original checks against security risks. These risks include, without limitation, (i) theft or reproduction of the original checks for purposes of presentment for deposit of these original checks (i.e., after the original checks have already been presented for deposit via the eDeposits Capture service) and (ii) unauthorized use of information derived from the original checks. When Member destroys, and disposes of, the original checks pursuant to the requirements of this Agreement, the Member understands and agrees that it must use a high degree of care when selecting and implementing destruction and disposal procedures. Among other things, these procedures must be designed to ensure that the original checks are not accessed by unauthorized persons during the destruction and disposal process and, once destroyed, the original checks are no longer readable or capable of being reconstructed (e.g., through the use of competent copying equipment.)