Common use of Mobile Deposit Capture Service Clause in Contracts

Mobile Deposit Capture Service. a. The Service allows you to make certain deposits electronically by using a capture device to create an electronic image of a paper check or other paper source document only payable in U.S. Dollars ("Item") by scanning the Item and transmitting it and related data to us. As part of the Service you must use software and hardware provided by or acceptable to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you or anyone that uses your device. Before you scan any Item, you shall endorse all Items with your name and the legend "For Mobile Deposit Only.” b. You agree that after the Item has been scanned and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other image thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction. c. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. d. If we receive a scanned item on or before 6:00 p.m. CST on a business day we are open, we will consider that day to be the day of deposit. If we receive a scanned Item after 6:00 p.m. CST or on a weekend or a state or federal holiday, we will consider that the deposit was made on the next business day.

Mobile Deposit Capture Service. a. i. The Service allows you to make certain deposits electronically by using a capture device to create an electronic image of a paper check or other paper source document only payable in U.S. Dollars ("Item") by scanning the Item and transmitting it and related data to us. As part of the Service you must use software and hardware provided by or acceptable to us. You are solely responsible for information or data that is transmitted, supplied or key-entered by you or anyone that uses your device. Before you scan any Item, you shall endorse all Items with your name and the legend "For Mobile Deposit Only.” b. ii. You agree that after the Item has been scanned and submitted for deposit, you shall not otherwise transfer or negotiate the original Item, substitute check or any other image thereof. You further agree that you shall be solely responsible for the original Items, including storage, retrieval and destruction. c. iii. You agree that the electronic image of the Item or any substitute check, as defined by federal law, will become the legal representation of the Item for all purposes, including return items processing. d. iv. If we receive a scanned item on or before 6:00 p.m. CST on a business day we are open, we will consider that day to be the day of deposit. If we receive a scanned Item after 6:00 p.m. CST or on a weekend or a state or federal holiday, we will consider that the deposit was made on the next business day.