Format Specifications. Customer shall comply at all times with Bank’s format standards for the Positive Pay Service. Customer agrees to send the Check Issue File in accordance with Bank’s specifications. Customer shall supply Bank with a sample Check Issue File for testing.
Format Specifications. Company shall comply, at all times, with Bank’s format standards for the Positive Pay Service. Company agrees to send the Check Issue File in accordance with Bank specifications. Company may supply Bank with a sample Check Issue File for testing. Company shall designate to Bank all accounts that are to be used with the Positive Pay Service. On each day that an Item is written against the Account, Company shall supply Bank, through Business Online Banking, with all required Item issue information. Such information shall include, without limitation, the account number, the issue date, the Check number, payee name(s) and the face amount. Company shall be responsible for the accuracy and completeness of all information provided to Bank. In the event of system failure such that the Check Issue File cannot be received by Bank or Bank cannot process the file, the file shall be considered as not received, even if Bank has possession of the file.
Format Specifications. You must comply at all times with format and data transmission standards that we establish from time to time for any Account Reconciliation Service. We may change any such standards, in our discretion, with prior notice to you. You are solely responsible for the accuracy and completeness of all information you provide to us. You also must comply at all times with check specification standards that we establish from time to time and, if we so request, change your check stock quality and/or format. You must provide us with sample checks for testing whenever you will use new check stock. We shall not be responsible for correcting or resolving processing errors caused by substandard quality magnetic encoding check or Item imaging by the bank of first deposit.
Format Specifications. You must comply at all times with format and data transmission standards that we establish from time to time for any Positive Pay Service. We may change any such standards, in our discretion, with prior notice to you. You are solely responsible for the accuracy and completeness of all information you provide to us. You also must comply at all times with the Check specifications standards we establish from time to time and, if we so request, change your check stock quality and/or format. You must provide us with sample checks for testing whenever you will use new check stock. We shall not be responsible for correcting or resolving check processing errors caused by substandard quality magnetic encoding or Item imaging by the bank of first deposit. Your Responsibilities. You must specify in your ARP and Positive Pay Service Request each Account to be included in any Positive Pay Service. On each day that a Check is written against an Account using Positive Pay Service, you must deliver to us all Check information that we require in an electronic issue file in accordance with our procedures and prior to the deadline that we establish from time to time. Such information shall include, without limitation, the account number, the Check number, its issue date, and the face Dollar amount of the Check. We suggest that you select “Return All” as your company’s default action for your “non-decisioned” Check exception Items. If you select “Pay All” as your default action, then please know that you will be liable for any loss that your account may incur if no decision were made to Check exception Items by the Bank’s cut-off time. Our Responsibilities. We will create a ‘Master Issue File’ from the Account and Check information that you provide to us for each Account that you have specified to be included in the Positive Pay Service. Information that you provide to us about your outstanding Checks on your issued Checks file we generally will make available on the Master Issue File on the same Banking Day. If you need to manually add a Check to the Master Issue File, you must follow the procedures that we make available within UMB Direct™ check management module. Although we will make reasonable efforts to assist you to manually add a Check, we may be unable to process such request for you on a same day basis.
Format Specifications. You must comply at all times with format and data standards that we establish from time to time for the Positive Pay Service. We may change any such standards, in our discretion, with prior notice to you. You are solely responsible for the accuracy and completeness of all information you provide to us. You also must comply at all times with the Check specifications standards we establish from time to time and, if we so request, change your check stock quality and/or format. You must provide us with sample checks for testing whenever you will use new check stock. We shall not be responsible for correcting or resolving Check processing errors caused by substandard quality magnetic encoding or Item imaging by the bank of first deposit. Our Responsibilities. For Standard and Payee Positive Pay services, we will create a ‘Master Issue File’ from the Account and Check information that you provide to us for each Account that you have specified to be included in your Positive Pay Service. Information that you provide to us about your outstanding Checks on your issued Checks file we generally will make available on the Master Issue File on the same Banking Day if received before 9pm CT. If you need to manually add a Check to the Master Issue File, you must follow the procedures that we make available within the Business Online Banking Positive Pay service. Although we will make reasonable efforts to assist you to manually add a Check, we may be unable to process such request for you on a same day basis.
