Identification of ACH Transactions to Block Sample Clauses

Identification of ACH Transactions to Block. Customer and Bank acknowledge that ACH transactions are originated according to certain processing rules which require the use of an Originator Name and Originator Identification Number imbedded in the transaction to identify its source, and this imbedded data is a critical component of Bank's ability to apply Customer’s instructions regarding the blocking or allowance of specific transactions. Bank shall act in good faith to process Customer's ACH Fraud Prevention Services instructions. However, if the identifying information in the transaction is inconsistent or is described inconsistently by Customer in its ACH Fraud Prevention Services instructions, Bank shall be held harmless for posting an ACH transaction to Customer's account and any dispute related to such a transaction shall be between Customer and the originator of the transaction.
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Identification of ACH Transactions to Block. The Customer and the Bank acknowledge that ACH transactions are originated according to certain processing ACH Rules which require the use of an Originator Name and Originator Identification Number imbedded in the transaction to identify its source, and this imbedded data is a critical component of the Bank’s ability to monitor for transactions which the Customer desires to block. The Bank shall act in good faith to process the Customer’s Operating Instructions. However, if the identifying information in the transaction is inconsistent or is described inconsistently by Customer in Operating Instructions or input incorrectly by the Customer, the Bank shall be held harmless for posting an ACH transaction to Customer’s account and any dispute related to such a transaction shall be between the Customer and the Originator of the transaction. Any ACH Debit Entry that is paid in accordance with the Service shall be considered properly payable and Customer agrees that Bank shall have no liability to Customer for paying ACH Debit Entry in accordance with the Service.
Identification of ACH Transactions to Block. Customer and Bank acknowledge that ACH transactions are originated according to certain processing rules which require the use of an Originator Name and Originator Identification Number imbedded in the transaction to identify its source, and this imbedded data is a critical component of Bank's ability to apply Customer’s instructions regarding the blocking or allowance of specific transactions. Bank shall act in good faith to process Customer's ACH Positive Pay instructions. However, if the identifying information in the transaction is inconsistent or is described inconsistently by Customer in its ACH Positive Pay instructions, Bank shall be held harmless for posting an ACH transaction to Customer's account and any dispute related to such a transaction shall be between Customer and the originator of the transaction.
Identification of ACH Transactions to Block. Customer and Bank acknowledge that ACH transactions are originated according to certain processing Rules which require the use of an Originator Name and Originator Identification Number imbedded in the transaction to identify its source, and this imbedded data is a critical component of Bank's ability to monitor for transactions which Customer desires to block. Bank shall act in good faith to process Customer’s Operating Instructions. However, if the identifying information in the transaction is inconsistent or is described inconsistently by Customer in Operating Instructions, Bank shall be held harmless for posting an ACH transaction to Customer’s account and any dispute related to such a transaction shall be between Customer and the Originator of the transaction.

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