For SynapsePay and the Financial Institution Partner. On behalf of the Receiver, we shall make reasonable efforts to ensure that requests for SynapsePay System transactions and the related electronic debits and credits involving bank accounts are processed in a timely manner. Many factors outside the control of the Receiver and us may contribute to when your Receiver will actually consider the funds to have been received. For this reason, we recommend that you schedule all SynapsePay System transactions so that the estimated settlement date is at least twenty-four hours (24 hours) before the actual due date that You would like the transaction to clear. Although the estimated settlement date is shown to you, we do not make any warranties regarding the amount of time needed to complete processing with your Receiver. SynapsePay, the Financial Institution Partner and your Receiver shall not be liable for any actual or consequential damages arising from any claim of delay of SynapsePay transactions due to any number of reasons, including but not limited to the following: • Insufficient funds in your designated bank account or available credit on User account to complete the electronic payment request; • Failure to provide correct or complete personal or Receiver information; or • Other circumstances beyond our control (such as but not limited to fire, flood, earthquakes, war, riots, acts of terrorism, delays in the banking system or interference from a third party source). In addition, we and/or Receiver, at our sole discretion reserve the right to restrict electronic payment requests from a Sender's designated bank account for any one of the reasons listed below: • Unauthorized or unusual use of your designated bank account or User Account; • Transfer or receipt of fraudulent or suspected fraudulent funds or User Account; • Detection of excessive disputes or reversals, or "kiting" type attempts; • Failure to cooperate in an investigation, dispute, or provide additional requested information when requested; • Any noncompliance with the terms and conditions of this Agreement; • Failure to confirm any personal or bank account information previously provided by Sender associated with the use of our System; or • Insufficient funds, available credit, returns, or reversals of any kind related to your bank account or User Account. We will use reasonable efforts to research and resolve such matters as specified above to reach a conclusion as quickly as possible for all parties involved as further discussed below.
