Common use of Enhanced Multi-Factor Security Clause in Contracts

Enhanced Multi-Factor Security. Access to Business Online Banking requires the use of a Token or Out-of-Band Authentication/Biometrics for ACH Entries, Payment Orders, Positive Pay, Remote Deposit Capture and other electronic funds transfers. Each enhanced security device delivers a Security Access Code to be entered before accessing the applicable Service. One time passcodes may be used in lieu of Tokens for customers who have view-only access to Account activity. i. Each tangible Token at all times remains Bank’s exclusive property. Customer may not export, directly or indirectly, the Tokens or any technology inherent in the Tokens. ii. Customer is responsible for communicating to the Bank any employees that have been assigned a Token. Customer is responsible for notifying Bank of the termination of an employee’s Token access and the reassignment or return of Token.

Enhanced Multi-Factor Security. Access to Business Online Digital Banking requires the use of a Token or Out-of-Band Authentication/Biometrics for ACH Entries, Payment Orders, Positive Pay, Remote Deposit Capture and other electronic funds transfers. Each enhanced security device delivers a Security Access Code to be entered before accessing the applicable Service. One One-time passcodes may be used in lieu of Tokens for customers who have view-only access to Account activity. i. Each tangible Token at all times remains Bank’s exclusive property. Customer may not export, directly or indirectly, the Tokens or any technology inherent in the Tokens. ii. Customer is responsible for communicating to the Bank any employees that have been assigned a Token. Customer is responsible for notifying Bank of the termination of an employee’s Token access and the reassignment or return of Token.