Check Verification. You authorize us to disclose information about funds availability to individuals and firms who represent to us that they have received a check from you in a particular amount. In such a situation, we will tell the caller whether a check in that amount would clear at that time.
Check Verification. We typically process checks on an automated basis, based on the information encoded on the items (the check’s magnetic ink character recognition (MICR) line). This means that we may not visually examine each, or any, of your checks to determine if they are properly completed, signed or endorsed, and we assume no duty to identify and/or return duplicate checks, checks with duplicate serial numbers, mis-encoded items or checks lacking an encoded serial number. We have no duty to review any check that you deposit or cash to determine if it is altered, forged, fraudulent or counterfeit. Although we may review checks from time to time, you understand and agree that reasonable banking and commercial standards do not require us to do so.
Check Verification. You shall not use the Card for the purpose of verifying check cashing history, verifying the funds available in your Bank Account, or for any other purpose, which aids the negotiation of a check if you know that the check will be dishonored when presented for payment. You agree that if any check, drawn or endorsed by you and verified by use of the Card, is purchased by us, or is duly endorsed or assigned to us by the payee or endorsee thereof, and is thereafter dishonored, you will pay the amount of the check to us upon demand. If you refuse to pay the amount of the check to us upon demand, we may deduct the amount from any account you maintain with us, including charging the line of credit amount as a Cash Advance.
Check Verification. 1. Customer desires to use, and CSG agrees to provide, CSG’s Check Verification Service in accordance with the terms of this Amendment.
Check Verification. CSG’s Check Verification Service leverages CSG’s vendor, Forte Payment Systems, Inc. (“Check Verification Vendor”) to verify the current status of the banking account as last reported by participating financial institutions and non-bank contributors. There are four components of the service: Bank Routing and Account Number Verification Routing numbers for financial institutions are maintained in this data source. If the routing number entered by the subscriber is not valid, the verification request is declined. Negative Account Verification Negative Account Verification utilizes a negative database of check writer histories for verification requests. A subscriber’s check verification request is declined if there is a record on the negative database.
Check Verification. CSG’s Check Verification Service provides service in routing transactions to and from the third party Check Verification Provider. Four levels of service are available:
Check Verification. CSG’s Check Verification routes Automated Clearing House (“ACH”) transactions to CSG’s approved check verification provider (“CVP”). Check Verification also receives responses from CVP and provides appropriate dispositions to CSG’s respective payment applications. For responses to other payment applications, Customer will be responsible for integration and implementation of its front-end applications utilizing CSG’s standard XML protocol for the service. Responsibilities and Representations: Customer acknowledges and agrees that the provision of Check Verification services by CSG is contingent upon the following: Customer Responsibilities: Customer certifies that it has a legitimate business need for the information provided by CSG and its third party suppliers (“Suppliers”) related to checks and ACH transactions payable to Customer. Customer further represents, warrants, and certifies that it will: (i) use the response information solely in accordance with the federal Fair Credit Reporting Act (“FCRA”) and all other applicable Laws; and (ii) use response information solely for a permissible purpose under section 604(a) of the XXXX, 00 X.X.X. § 0000x(x), and for no other purpose. CSG and its Suppliers reserve the right to decline to provide response information to Customer if, in CSG and its Suppliers’ sole opinion, it/they believe that such information will be used for a purpose other than a permissible purpose under Section 604(a) of the FCRA, 15 U.S.C. §1681b(a), or in violation of the terms of this Amendment. Customer acknowledges that it has received and read the notice information prepared by the Federal Trade Commission that is located at xxxx://xxx.xxx.xxx/os/2004/11/041119factaapph.pdf describing obligations under law when using customer information. Customer acknowledges that verification services will apply to transactions originating solely within the United States and in U.S. currency. Customer agrees that CSG and its Suppliers verification information will not be used for employment purposes, for the extension of credit, for insurance purposes or for any purpose which is prohibited by the Fair Credit Reporting Act (Public Law 91-508), or any other Law presently governing such information supplied by CSG and its Suppliers or any Law which subsequently shall govern said information. Customer further agrees that the information furnished by CSG and its Suppliers will be used only for the exclusive use of the Customer and will not be made availab...
Check Verification. Description of Item/Unit of Measure Frequency Fee 1. CSG Check Verification Service Transaction Fee (per ***********) ******* $**** 2. Setup and Implementation (Note 1) *** **** $********* 3. Additional Consulting/Custom Development *** ******* ***** Note 1: Setup and Implementation fees shall be set forth in that certain Statement of Work, “Check Verification and Check Recovery Implementation” (CSG document no. 4123091).
Check Verification. Description of Item/Unit of Measure Frequency Fee 1.Enterprise-wide Check Verification Services (Note 4)
