Compliance with Security Procedure. Company will be solely responsible for protecting against any unauthorized access to PinnBank for Business. If an Entry, a request for cancellation (“Cancellation”), or amendment of an Entry (“Amendment”) received by Bank is judged in good faith to have been originated or authorized by Company, it will be deemed effective as Company’s Entry, Cancellation, or Amendment, and Company shall be obligated to pay Bank the amount of such Entry as provided herein even though the Entry, Cancellation or Amendment was not authorized by Company, provided Bank acted in compliance with security procedures referred to in this Agreement, with respect to such Entry, Cancellation or Amendment. If signature comparison is to be used as a part of security procedures, Bank shall be deemed to have complied with that part of such procedure if it compares the signature accompanying Entries, Cancellations or Amendments received with the signature of an authorized representative of Company (an “Authorized Representative”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such Authorized Representative. If an Entry, Cancellation or Amendment received by Bank was originated or authorized by Company, Company shall be obligated to pay the amount of the Entry, Cancellation, or Amendment as provided herein, whether or not Bank complied with security procedures referred to in this Agreement, with respect to that Entry, Cancellation or Amendment and whether or not that Entry, Cancellation or Amendment was erroneous in any respect or that error would have been detected if Bank had complied with such procedure. Company agrees that the security procedures found in this Agreement, are the security procedures that are necessary for their business and such procedures are deemed to be commercially reasonable. Company agrees that Company shall be responsible for utilizing and implementing those security procedures in their daily operations.
Compliance with Security Procedure. (a) If an Entry (or a request for cancellation or amendment of an Entry) received by ODFI purports to have been transmitted or authorized by Company, it will be deemed effective as Company's Entry (or request) and Company shall be obligated to pay ODFI the amount of such Entry even though the Entry (or request) was not authorized by Company, provided ODFI accepted the Entry in good faith and acted in compliance with the security procedure referred to in Attachment 5 with respect to such Entry. If signature comparison is to be used as a part of that security procedure, ODFI shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of Entries (or request for cancellation or amendment of an Entry) received with the signature of an authorized representative of Company (an "Authorized Representative") and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representative.
(b) If an Entry (or request for cancellation or amendment of an Entry) received by ODFI was transmitted or authorized by Company, Company shall pay ODFI the amount of the Entry, whether or not ODFI complied with the security procedure referred to in Attachment 5 with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if ODFI had complied with such procedure. Florida Bank, N.A. ODFI-Originator Agreement
Compliance with Security Procedure. If an Entry (or a request for cancellation of an Entry) received by Bank purports to have been transmitted or authorized by Company, it will be deemed effective as Company’s Entry (or request) and Company shall be obligated to pay Bank the amount of such Entry as provided herein even though the Entry (or request) was not authorized by Company, provided Bank acted in compliance with the security procedure referred to in Schedule B to this Exhibit with respect to such entry. If signature comparison is to be used as a part of that security procedure, Bank shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of Entries (or request for cancellation of an Entry) received with the signature of an authorized representative of Company as set forth in Schedule D to this Exhibit (an “Authorized Representative”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representative.
Compliance with Security Procedure a. If a request for an Entry (or a request for cancellation or amendment of an Entry) received by UFCU purports to have been transmitted or authorized by You, it will be conclusively deemed effective by UFCU, and UFCU shall initiate the Entry on your behalf and, except as limited by applicable law, You shall be obligated to pay UFCU the amount of such Entry even though the Entry (or request) was not authorized by You, provided UFCU accepted the Entry in good faith and acted in compliance with the security procedure referred to in this Agreement with respect to such Entry. UFCU shall conclusively be deemed to have complied with that part of such procedure if the password entered in connection with the on-line session associated with the initiation of a request for an Entry matches the password associated with Your Account on the Digital Banking Platform.
b. If a request for an Entry (or request for cancellation or amendment of an Entry) received by UFCU was transmitted or authorized by You, You shall pay UFCU the amount of the Entry, whether or not UFCU complied with the security procedure with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if UFCU had complied with such procedure.
Compliance with Security Procedure a. If a request for a PIN Payment (or a request for cancellation or amendment of a PIN Payment) received by Chelsea Groton Bank purports to have been transmitted or authorized by You, it will be conclusively deemed effective by Chelsea Groton Bank, and Chelsea Groton Bank shall initiate the PIN Payment on your behalf and, except as limited by applicable law, You shall be obligated to pay Chelsea Groton Bank the amount of such PIN Payment even though the PIN Payment (or request) was not authorized by You, provided Chelsea Groton Bank accepted the PIN Payment in good faith and acted in compliance with the security procedure referred to in this Agreement with respect to such PIN Payment. Chelsea Groton Bank shall conclusively be deemed to have complied with that part of such procedure if the password entered in connection with the on-line session associated with the initiation of a request for a PIN Payment matches the password associated with Your Account on the Site.
b. If a request for a PIN payment (or request for cancellation or amendment of a PIN Payment) received by Chelsea Groton Bank was transmitted or authorized by You, You shall pay Chelsea Groton Bank the amount of the PIN Payment, whether or not Chelsea Groton Bank complied with the security procedure with respect to that PIN Payment and whether or not that PIN Payment was erroneous in any respect or that error would have been detected if Chelsea Groton Bank had complied with such procedure.
Compliance with Security Procedure. 1. If a request for a P2P Payment (or a request for cancellation or amendment of a P2P Payment) received by Reading Cooperative Bank purports to have been transmitted or authorized by You, it will be conclusively deemed effective by Reading Cooperative Bank, and Reading Cooperative Bank shall initiate the P2P Payment on your behalf and, except as limited by applicable law, You shall be obligated to pay Reading Cooperative Bank the amount of such P2P Payment even though the P2P Payment (or request) was not authorized by You, provided Reading Cooperative Bank accepted the P2P Payment in goodfaith and acted in;
2. compliance with the security procedure referred to in this Agreement with respect to such P2P Payment. Reading Cooperative Bank shall conclusively be deemed tohave complied with that part of such procedure if the password entered in connection with the on-line session associated with the initiation of a request for a P2P Payment matches the password associated with Your Account on the Site.
3. If a request for a P2P payment (or request for cancellation or amendment of a P2P Payment) received by Reading Cooperative Bank was transmitted or authorized by You, You shall pay Reading Cooperative Bank the amount of the P2P Payment, whether ornot Reading Cooperative Bank complied with the security procedure with respect to that P2P Payment and whether or not that P2P Payment was erroneous in any respect or that error would have been detected if Reading Cooperative Bank had complied with such procedure.
Compliance with Security Procedure. If an entry (or a request for cancellation or amendment of an entry) received by financial institution purports to have been transmitted or authorized by company, it will be deemed effective as company’s entry (or request) and company shall be obligated to pay financial institution the amount of such entry even though the entry (or request) was not authorized by company, provided financial institution accepted the entry in good faith and acted in compliance with the security procedure referred to in Attachment 2 with respect to such entry. If signature comparison is to be used as a part of that security procedure, financial institution shall be deemed to have complied with that part of such procedure if it compares the signature accompanying a file of entries (or request for cancellation or amendment of an entry) received with the signature of an authorized representative of company (an “Authorized Representative”) and, on the basis of such comparison, believes the signature accompanying such file to be that of such authorized representative.
a. If an entry (or request for cancellation or amendment of an entry) received by financial institution was transmitted or authorized by company, company shall pay financial institution the amount of the entry, whether or not financial institution complied with the security procedure referred to in Attachment 2 with respect to that entry and whether or not that entry was erroneous in any respect or that the error would have been detected if financial institution had complied with such procedure.
Compliance with Security Procedure. If an Entry (or a request for cancellation or amendment of an Entry) received by the Bank purports to have been transmitted or authorized by you, the entry will be deemed effective as your Entry (or request) and you shall be obligated to pay the Bank the amount of such Entry even though the Entry (or request) was not authorized by you, provided Bank accepted the Entry in good faith and acted in compliance with the security procedure referred to above with respect to such Entry. If an Entry (or request for cancellation or amendment of an Entry) received by Bank was transmitted or authorized by you, you shall pay Bank the amount of the Entry, whether or not Bank complied with the security procedure referred to above with respect to that Entry and whether or not that Entry was erroneous in any respect or that error would have been detected if Bank had complied with such procedure.
Compliance with Security Procedure. If Company chooses to communicate any Payment Order (including any cancellation or amendment thereof) to Bank in a manner that varies from the Security Procedures, and if Bank accepts such Payment Order in good faith, then Company agrees to be bound by such Payment Order, whether or not authorized, and Company will be deemed to have refused the Security Procedures that Bank offers and recommends as commercially reasonable, and Company will be obligated to pay Bank the amount of such Entry. However, Bank has no obligation to accept any Payment Order that is not communicated in compliance with the Security Procedures. Bank shall not be responsible for refusal to act upon any Payment Order received which does not comply with these Service Terms, including where Bank’s reasonable efforts to verify the Payment Order in accordance with the Security Procedures have failed or where such action is delayed until verification can be obtained. an Entry (or a request for cancellation or amendment of an Entry) received by us purports to have been transmitted or authorized by you, it will be deemed effective as your Entry (or request) and you shall be obligated to pay us the amount of such Entry even though the Entry (or request) was not authorized by you, provided we accepted the Entry in good faith and acted in compliance with our recommended security best practices..
Compliance with Security Procedure a. If an Entry (or a request for cancellation or amendment of an Entry) received by Bank purports to have been transmitted or authorized by Customer, it will be deemed effective as Customer's Entry and Customer shall be obligated to pay Bank the amount of such Entry even though the Entry was not authorized by Customer, provided Bank acted in compliance with the security procedure referenced in the Master Agreement.
b. If an Entry received by Bank was transmitted or authorized by Customer, Customer shall be obligated to pay the amount of the Entry as provided herein, whether or not Bank complied with the security procedure referred to in the Master Agreement and whether or not that Entry was erroneous in any respect or that error would have been detected if Bank had complied with such procedure.
