Common use of Mobile Banking Deposit Service Clause in Contracts

Mobile Banking Deposit Service. The Deposit Service enables you to use a Mobile Banking Application and certain hardware (such as a smart phone or other mobile device) to (i) create electronic images of the front and back of certain Paper Items and (ii) transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Addendum. For each Electronic Item that we determine is eligible for processing as described below, we will: 1. create a substitute check that we will present directly or indirectly to the bank (a) on which the original Paper Item to which the Electronic Item relates is drawn, or (b) at or through which the Paper Item is payable (each the “Paying Bank”); 2. include the Electronic Item in an electronic file for presentment directly or indirectly to the Paying Bank; or 3. present or post any Electronic Item for which we are the Paying Bank.

Mobile Banking Deposit Service. The Deposit Service enables you to use a Mobile Banking Application and certain qualified hardware (such as a smart phone or other mobile devicetablet) to (i) create electronic images of the front and back of certain Paper Items and (ii) transmit those images and other information, including, without limitation, information captured from the magnetic ink character recognition (“MICR”) line, to us for review and processing in accordance with this Addendum. For each Electronic Item that we determine is eligible for processing as described below, we will: 1. create a substitute check that we will present directly or indirectly to the bank (a) on which the original Paper Item to which the Electronic Item relates is drawn, or (b) at or through which the Paper Item is payable (each the “Paying Bank”); 2. include the Electronic Item in an electronic file for presentment directly or indirectly to the Paying Bank; or 3. present or post any Electronic Item for which we are the Paying Bank.