Common use of E-CHECK TRANSACTIONS Clause in Contracts

E-CHECK TRANSACTIONS. e-Check transactions are executed by creating or originating authorized ACH Entries using checking account information provided by a Customer. PNP will provide ACH origination services to Client relating to ACH Entries, pursuant to the terms of this Agreement and the NACHA Rules, with PNP’s designated financial institution acting as an Originating Depository Financial Institution (“ODFI”) with respect to such ACH Entries. In addition:

E-CHECK TRANSACTIONS. e-Check transactions are executed by creating or originating authorized ACH Entries using checking account information provided by a Customer. PNP will provide ACH origination services to Client relating to ACH Entries, pursuant to the terms of this Agreement and the NACHA Rules, with PNP’s designated financial institution acting as an Originating Depository Financial Institution (“ODFI”) with respect to such ACH Entries. In addition:addition:‌