Direct Deposit of Employee Payrolls; Direct Deposit to Employee Payroll Cards Sample Clauses

Direct Deposit of Employee Payrolls; Direct Deposit to Employee Payroll Cards. The Client hereby requests and authorizes PrimePay to implement, on Client’s behalf, direct deposit payroll which will enable Client’s employees’ pay to be automatically deposited in the employee’s designated bank account, or credited to a PrimePay payroll debit card, without Client having to sign or distribute a physical check and without the employee having to go to the bank to deposit the check. Client acknowledges that PrimePay shall utilize the services of Kotapay, a Division of First International Bank & Trust (Kotapay) for the purpose of transferring funds through the Automated Clearing House (ACH) pursuant to the terms of this Agreement, Xxxxxxx’x’x Company Authorization Agreement, the rules of the National Automated Clearing House Association (NACHA), laws of the State of North Dakota, and applicable federal rules and regulations for various purposes including, but not limited to providing direct deposit of payroll for Client's employees, transfers of funds for flexible benefits plans, tax impounding, child support payments or any other reason Client may desire to transfer funds electronically through the ACH. By signing this Agreement, Client agrees to be bound by the terms of Kotapay’s Company Authorization Agreement, a copy of which may be found at http:/xxxxxxx.xxxxxxxx.xxx (and which may be amended at any time without notice), to the same extent as though Client had executed the Kotapay Company Authorization Agreement on the date of this Agreement. Accordingly, the terms of the Kotapay Company Authorization Agreement constitute part of this Agreement. In the event that a specific term of the Kotapay Company Authorization Agreement conflicts with a specific term of this Agreement, the specific term of the Kotapay Agreement shall control to the extent of its subject matter of Client’s authorization of electronic payments; otherwise, the terms of this Agreement shall control. Client understands that it is responsible for providing to PrimePay in timely fashion accurate payroll information necessary for PrimePay to transmit direct deposit information containing ACH transactions to its designated EFT processor. Client agrees to review and audit its payroll information to verify employee deposit amounts. Client further agrees that, in addition to maintaining sufficient funds in its payroll account in accordance with the time table referred to in Section One above, Client shall provide immediately available funds through wire transfer or other means...
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