Common use of Maintenance and Disposal of Transmitted Checks Clause in Contracts

Maintenance and Disposal of Transmitted Checks. You shall xxxx, stamp, or write on the original check "Electronically Presented" after scanning the check in accordance with this Agreement. You agree to securely store the original check for a period of fifteen (15) calendar days from the date of the Image transmission (such period the "Retention Period"). During the Retention Period, you shall take appropriate security measures to ensure that: (a) only authorized persons shall have access to original checks, (b) the information contained on such checks shall not be disclosed, (c) such checks will not be duplicated or scanned more than one time and (d) such checks will not be deposited or negotiated in any form. During the Retention Period, you agree to promptly (but in all events within ten

Maintenance and Disposal of Transmitted Checks. You shall xxxx, stamp, or write on the original check "Electronically Presented" after scanning the check in accordance with this Agreement. You agree to securely store the original check for a period of fifteen (15) calendar days from the date of the Image transmission (such period the "Retention Period"). During the Retention Period, you shall take appropriate security measures to ensure that: (aa ) only authorized persons shall have access to original checks, (b) the information contained on such checks shall not be disclosed, (c) such checks will not be duplicated or scanned more than one time and (d) such checks will not be deposited or negotiated in any form. During the Retention Period, you agree to promptly (but in all events within ten