Electronic Check. With Bank’s approval, all electronic check transactions using Bank’s eCheck Program must be processed on point- of-sale equipment certified as acceptable for entry and collection of consumer paper draft data for conversion to ACH file format. Conversion capability is limited to consumer paper draft Items as defined by National Automated Clearinghouse Association (“NACHA”) Operating Rules. Bank assumes no liability for checks accepted by Merchant for check conversion that are not defined as acceptable by the NACHA Operating Rules. Items accepted at the point of sale converted to electronic transactions must be deposited within seventy-two (72) hours of acceptance. Merchant agrees that the eCheck Program is strictly a conversion program and offers no verification, guaranty, or warranty that funds are available in the account on which any Item converted to an electronic transaction is drawn. Bank shall have no liability in the event funds are not available for any reason.
Electronic Check. Conversion (XXX) Exchange Rates for Foreign Transactions The exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable central processing date. TEL-E$L
Electronic Check. “eCheck”) Processing and Preauthorized Electronic Debit Entries. If selected by Merchant as part of the Services, Provider will provide eCheck and electronic debit entry transaction (“Entry”) processing services to Merchant where Merchant has obtained proper authorization from Merchant’s Customer that holds the deposit account to be debited (“eCheck Authorization”). Merchant is responsible for complying with all applicable Rules, laws and regulations governing electronic check processing, check conversion and/or the initiation of preauthorized electronic debit entries. Merchant agrees to maintain and store each eCheck Authorization and provide evidence of eCheck Authorizations to Provider upon its request. Additionally, Merchant agrees to record and store telephone conversations and other data transmissions with Customers for the purposes of demonstrating compliance with applicable Rules, laws, regulations and the requirements of this Agreement. Provider or Processor will report to Merchant those Entries which fail Processor’s verification process designed to identify accounts which have unpaid checks outstanding or have been closed for cause. If an Entry is being declined based on such verification process, Merchant agrees to provide such Customer (in a manner that complies with applicable laws, the NACHA Rules and applicable regulations) a decline notice. Merchant agrees not to reinitiate Entries once they have received a “Payment Stopped” as a reason for a return, unless an eCheck Authorization from the Customer overriding the stop payment has been received. Merchant understands, acknowledges and agrees that Processor verifications are for informational purposes only and are not a guaranty of payment of any Entry. Merchant has no right to cancel or amend any Entry after its receipt by Processor or Bank. Merchant is responsible for payment for an Entry even if the Entry is erroneous or is a duplicate Entry and regardless of whether Merchant was the source of the error or duplicate Entry.
Electronic Check. If User makes a purchase from Company by an electronic check, Company will not ship product out until the check cleared our system. Buyer’s Inspection: Upon the carrier’s delivery of Company’s products to Buyer, Buyer shall immediately inspect the products for damage and missing quantity while the carrier is still present. If Xxxxx discovers any damaged or missing product, Buyer shall require the carrier to
Electronic Check. In is completed live.
Electronic Check. Conversion You may authorize a merchant or other payee to make a one-time electronic payment from your checking account using information from your check to pay for purchases or to pay bills. Consumer’s Liability for Unauthorized Transfers Tell us AT ONCE if you believe your Community Bank ATM Card, debit card, Access ID, Personal Identification Number (PIN) or similar card or code has been lost, stolen or learned by an
Electronic Check. By writing a check to a merchant, you may authorize the merchant or payee to make a one-time electronic payment from your Checking Account using information from your check to pay for the purchase or to pay a bill. You may also authorize a merchant or payee to electronically debit your Checking Account for returned check fees. You are deemed to have authorized these transfers if you sign an authorization or if you engage in the transaction after receiving notice that the transfer will be treated as an Electronic Funds Transfer. Some of these services may not be available on all accounts.
