Common use of Image and MICR Quality Clause in Contracts

Image and MICR Quality. Each File transmitted by you to the Credit Union shall contain images of the front and the back of the Checks scanned and remotely deposited by you. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such image: a. The amount of the check; b. The payee of the check; c. The signature of the drawer of the check; d. The date of the check; e. The check number; f. The information identifying the drawer and the paying bank that is preprinted on the check, including the MICR line; and g. All other information placed on the check prior to the time an image of the check is captured, such as any required identification written on the front of the check and any endorsements applied to the back of the check (refer to Section 4). Each image shall also meet all standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve or any other regulatory agency, clearing house or association. You shall also capture and transmit to the Credit Union the full-field MICR encoding on each check. In accordance with the instructions, you shall ensure that the following information is captured from the MICR line of each check: a. The American Bankers Association routing transit number (“RTN”); b. The number of the account on which the check is drawn; and c. When encoded, the serial number and the process control field of the check.

Image and MICR Quality. Each File transmitted by you Customer to the Credit Union Bank shall contain images Images of the front and the back of the Checks scanned and remotely deposited by youCustomer. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such imageImage: a. The (a) the amount of the checkCheck; b. The (b) the payee of the checkCheck; c. The (c) the signature of the drawer of the checkCheck; d. The (d) the date of the checkCheck; e. The check (e) the Check number; f. The (f) the information identifying the drawer and the paying bank that is preprinted on the checkCheck, including the MICR line; and g. All (g) all other information placed on the check Check prior to the time an image of the check Check is captured, such as any required identification written on the front of the check Check and any endorsements indorsements applied to the back of the check (refer to Section 4)Check. Each image Image shall also meet all standards for image quality established by the American National Standards Institute (“"ANSI”"), the Board of Governors of the Federal Reserve or any other regulatory agency, clearing house or association. You Customer shall also capture and transmit to the Credit Union Bank the full-field MICR magnetic ink character recognition ("MICR") encoding on each checkCheck. In accordance with the instructionsProcedures, you Customer shall ensure that the following information is captured from the MICR line of each checkCheck: a. The (a) the American Bankers Association routing transit number (“"RTN”"); b. The (b) the number of the account on which the check Check is drawn; (c) when encoded, the amount of the Check; and c. When (d) when encoded, the serial number and the process control field of the checkCheck.

Image and MICR Quality. Each File transmitted by you Member to the Credit Union AMHFCU shall contain images Images of the front and the back of the Checks scanned and remotely deposited by youMember. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such imageImage: a. The (a) the amount of the checkCheck; b. The (b) the payee of the checkCheck; c. The (c) the signature of the drawer of the checkCheck; d. The (d) the date of the checkCheck; e. The check (e) the Check number; f. The (f) the information identifying the drawer and the paying bank AMHFCU that is preprinted on the checkCheck, including the MICR line; and g. All (g) all other information placed on the check Check prior to the time an image of the check Check is captured, such as any required identification written on the front of the check Check and any endorsements applied to the back of the check (refer to Section 4)Check. Each image Image shall also meet all standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve or any other regulatory agency, clearing house or association. You Member shall also capture and transmit to the Credit Union AMHFCU the full-field MICR encoding on each checkCheck. In accordance with the instructionsProcedures, you Member shall ensure that the following information is captured from the MICR line of each checkCheck: a. The American Bankers Association routing transit number (“RTN”); b. The number of the account on which the check is drawn; and c. When encoded, the serial number and the process control field of the check.

Image and MICR Quality. Each File transmitted by you to the Credit Union us shall contain images an image of the front and the back of the Checks scanned Check imaged and remotely deposited through your Mobile Device by you. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such imageImage: a. The (a) the amount of the checkCheck; b. The (b) the payee of the checkCheck; c. The (c) the signature of the drawer of the checkCheck; d. The (d) the date of the checkCheck; e. The check (e) the Check number; f. The (f) the information identifying the drawer and the paying bank Financial Institution that is preprinted on the checkCheck, including the MICR line; and g. All (g) all other information placed on the check Check prior to the time an image of the check Check is captured, such as any required identification written on the front of the check Check and any endorsements indorsements applied to the back of the check (refer to Section 4)Check. Each image Image shall also meet all standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve or any other regulatory agency, clearing house or association. You Customer shall also capture and transmit to the Credit Union us the full-field MICR encoding on each checkCheck. In accordance with the instructionsUser Guide, you Customer shall ensure that the following information is captured from the MICR line of each checkCheck: a. The (a) the American Bankers Association routing transit number (“RTN”); b. The (b) the number of the account on which the check Check is drawn; (c) when encoded, the amount of the Check; and c. When (d) when encoded, the serial number and the process control field of the checkCheck.

Image and MICR Quality. Each File transmitted by you to the Credit Union us shall contain images Images of the front and the back of the Checks scanned and remotely deposited by you. Each Image of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such imageImage: a. The amount of the checkCheck; b. The payee of the checkCheck; c. The signature of the drawer of the checkCheck; d. The date of the checkCheck; e. The check Check number; f. The information identifying the drawer and the paying bank that is preprinted on the checkCheck, including the MICR line; and g. All other information placed on the check Check prior to the time an image of the check Check is captured, such as any required identification written on the front of the check Check and any endorsements indorsements applied to the back of the check (refer to Section 4)Check. Each image Image shall also meet all standards for image quality established by the American National Standards Institute (“ANSI”), the Board of Governors of the Federal Reserve or any other regulatory agency, clearing house or association. You shall also capture and transmit to the Credit Union us the full-field MICR encoding on each checkCheck. In accordance with the instructionsProcedures, you shall ensure that the following information is captured from the MICR line of each checkCheck: a. The American Bankers Association routing transit number (“RTN”); b. The number of the account on which the check Check is drawn; c. When encoded, the amount of the Check; and c. d. When encoded, the serial number and the process control field of the checkCheck.