Common use of Information Processing and Reporting Clause in Contracts

Information Processing and Reporting. Our Services require us to receive process and report information. We are not responsible for determining the accuracy, timeliness or completeness of any information that you or others provide to us. We will not have a duty to interpret the content of any data transmitted to us, except to the limited extent set forth in these Terms. Unless otherwise agreed in writing, we will not be required (by means of any security procedure or otherwise) to detect errors in the transmission or content of any information we receive from you or third parties. You acknowledge that it is not possible for the Services to be totally free from operator, programming or equipment error, and that errors in processing and compiling data may occasionally occur (e.g., due to the failure of others to provide accurate information or telecommunication failures). You agree to review and verify all results and to maintain adequate controls for insuring both the accuracy of data transmissions and the detection of errors. Unless otherwise required by law, our sole responsibility for any reporting errors caused by us will be to reprocess the information for the period in question and to provide corrected reports at our own expense. You agree to maintain adequate backup files of the data you submit for a reasonable period of time in order to facilitate any needed reconstruction of your transactions (e.g., due to a telecommunication failure). If we are unable to provide a Service for any reason, we will promptly inform you of such unavailability and take reasonable steps to resume processing.

Appears in 4 contracts

Samples: www.axosbank.com, Banking Account Agreement, Banking Account Agreement

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Information Processing and Reporting. Our Services We may offer you a number of services which require us to receive receive, process and report informationinformation involving your accounts and transactions. We are will not be responsible for determining the accuracy, timeliness or completeness of any information that which you or others provide to us. We shall be protected in acting on any oral or written request believed in good faith to be genuine and to have been made by your Account Administrator or any authorized User. We will not have a duty to interpret the content of any data transmitted to us, except to the limited extent set forth in these Termsthis Access Agreement and any operating procedures. Unless we agree otherwise agreed in writing, we will not be required (required, by means of any security procedure procedures or otherwise) , to detect errors in the transmission or content of any information we receive from you or third parties. You acknowledge that it is not possible for the Services our services to be totally free from operator, programming or equipment error, and that errors in processing and compiling data may occasionally occur (e.g., due to the failure of others to provide accurate information or information, telecommunication failures, or a breakdown in an electronic data interchange). You As such, you agree to review and verify all results and to maintain adequate controls for insuring both the accuracy of data transmissions and the detection of errors. Unless otherwise required by law, our sole responsibility for any reporting errors caused by us will be to reprocess the information for the period in question and to provide submit corrected reports at our own expense. You agree to maintain adequate backup files of the data you submit for a reasonable period of time in order to facilitate any needed reconstruction of your transactions (e.g., due to in the event of a telecommunication failure). If we are unable to provide a Service for any reason, we will promptly inform you of such unavailability the problem and will take reasonable steps to resume processing.

Appears in 1 contract

Samples: Access Agreement

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