General Description of Business Check Express Service Sample Clauses

General Description of Business Check Express Service. Subject to the terms, provisions and conditions of this Section Four, Bank shall provide the Business Check Express Service to Customer, which allows Customer to make deposits to Customer’s Designated Accounts listed in the Enrollment Form for this Business Check Express Service, attached hereto and made a part hereof from Customer’s office by scanning checks on a desktop scanner and delivering the images and information required hereby to Bank or Bank’s designated processor (a “Processor”). The terms Bank and Processor may be used interchangeably when used in relation to any services performed by a Processor on behalf of Bank including, but not limited to, the receipt and processing of images and check data and any notices related thereto. The scanner must capture an image of the front and back of each Check (as herein defined) to be deposited (each an “Image” and, if more than one, “Images”) in accordance with the Procedures (as herein defined), must read and capture the MICR line on each check and must read and capture all such other data and information as is required by this Section Four. After capture of the Images, the MICR line on each check and all other required data and information from each check, Customer will transmit one or more files containing the Images, the MICR line from each check and all other required data and information from or pertaining to all checks and all batched ACH (as herein defined) data and other required information (each such file a “File” and, if more than one, “Files”) to Bank or Processor via the Internet. Subject to compliance with the terms, provisions and conditions of, and as provided in, this Section Four, Bank will provisionally credit the Designated Account or Designated Accounts indicated by Customer for the amount of the deposit(s) to which the File(s) pertains on the day of receipt of the File(s) and enter the images of the checks into the collection process, in accordance with the provisions of Bank’s then current Deposit Account Agreement and disclosure pertaining to the Designated Account(s) into which the deposit is to be made and this Section Four. In addition, or as an alternative to transmitting images of checks, Customer may use the desktop scanner to initiate electronic signals for paperless debit entries through Bank to accounts maintained either at Bank or in other depository financial institutions by means of the ACH. Customer and Bank agree that Bank may convert the Images to ACH entries on Cus...