Common use of Exception Item Processing Clause in Contracts

Exception Item Processing. One day after receipt of items, Fiserv will perform an automated exception item pull for all items identified by Client's account processing system for exception pull (NSF's, holds, large dollars, or other criteria mutually agreed to by Client and Fiserv). (a) Client's account processing servicer will provide an exception item file to Fiserv after posting and updating of customer accounts and on a mutually agreed schedule. (b) Fiserv will either reject or pay exception items in accordance with instructions, either written or oral, from Client's authorized officer(s) or employee(s). [FISERV(R) LOGO] 19 (c) In the event no instructions are received, Fiserv will follow Client's standing orders for exceptions, which will be provided in writing by Client. (d) For items to be returned, Fiserv will: (i) stamp and qualify the items and return them to the Federal Reserve Bank; or (ii) provide other services as agreed by Fiserv and Client.

Exception Item Processing. One day after receipt of items, Fiserv will ------------------------- perform an automated exception item pull for all items identified by Client's account processing system for exception pull (NSF's, holds, large dollars, or other criteria mutually agreed to by Client and Fiserv). (a) Client's account processing servicer will provide an exception item file to Fiserv after posting and updating of customer accounts and on a mutually agreed schedule. (b) Fiserv will either reject or pay exception items in accordance with instructions, either written or oral, from Client's authorized officer(s) or employee(s). [FISERV(R) LOGO] 19. (c) In the event no instructions are received, Fiserv will follow Client's standing orders for exceptions, which will be provided in writing by Client. (d) For items to be returned, Fiserv will: (i) stamp and qualify the items and return them to the Federal Reserve Bank; or (ii) provide other services as agreed by Fiserv and Client.

Exception Item Processing. One day after receipt of items, Fiserv will perform an automated exception item pull for all items identified by Client's account processing system for exception pull (NSF's, holds, large dollars, or other criteria mutually agreed to by Client and Fiserv). (a) Client's account processing servicer will provide an exception item file to Fiserv after posting and updating of customer accounts and on a mutually agreed schedule. (b) Fiserv will either reject or pay exception items in accordance with instructions, either written or oral, from Clientclient's authorized officer(s) or employee(s). [FISERV(R) LOGO] 19. (c) In the event no instructions are received, Fiserv will follow Client's standing orders for exceptions, which will be provided in writing by Client. (d) For items to be returned, Fiserv will: (i) stamp and qualify the items and return them to the Federal Reserve Bank; or (ii) provide other services as agreed by Fiserv and Client.

Exception Item Processing. One day after receipt of items, Fiserv will perform an automated exception item pull for all items identified by Client's account processing system for exception pull (NSF's, holds, large dollars, or other criteria mutually agreed to by Client and Fiserv). (a) Client's account processing servicer will provide an exception item file to Fiserv after posting and updating of customer accounts and on a mutually agreed schedule. (b) Fiserv will either reject or pay exception items in accordance with instructions, either written or oral, from Client's authorized officer(s) or employee(s). [FISERV(R) LOGO] 19. (c) In the event no instructions are received, Fiserv will follow Client's standing orders for exceptions, which will be provided in writing by Client. (d) For items to be returned, Fiserv will: (i) stamp and qualify the items and return them to the Federal Reserve Bank; or (ii) provide other services as agreed by Fiserv and Client.