Common use of Payment Authorization and Payment Remittance Clause in Contracts

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. By providing us with names and telephone numbers, email addresses, and/or bank account information of Users to whom you wish to direct payments, you authorize us to follow the Payment instructions that we receive through the Service. b. When we receive a Payment instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, and to remit funds on your behalf. You also authorize us to credit your account for the receipt of Payments, including but not limited to those Payments returned to us from Users to whom you sent Payment(s) and those Payments that were cancelled and returned to you because the processing of the Payment could not be completed. c. You acknowledge and agree that if your Payment instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We have no responsibility to investigate discrepancies between account names and account numbers, outside of our obligations under the law to investigate errors. d. You agree that we will not be liable in any way for any Payments that you may receive, regardless of whether you authorized the sending User to send them toyou.

Appears in 2 contracts

Samples: Cit Bank Agreement for Personal Accounts, Cit Bank Agreement for Personal Accounts

AutoNDA by SimpleDocs

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. By providing us with names and telephone numbers, email addresses, and/or bank account information of Users to whom you wish to direct payments, you authorize us to follow the Payment instructions that we receive through the Service. b. When we receive a Payment instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, and to remit funds on your behalf. You also authorize us to credit your account for the receipt of Payments, including but not limited to those Payments returned to us from Users to whom you sent Payment(s) and those Payments that were cancelled and returned to you because the processing of the Payment could not be completed. c. You acknowledge and agree that if your Payment instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We have no responsibility to investigate discrepancies between account names and namesand account numbers, outside of our obligations under the law to investigate errors. d. You agree that we will not be liable in any way for any Payments that you may receive, regardless of whether you authorized the sending User to send them toyouto you.

Appears in 2 contracts

Samples: Banking Agreement, Cit Bank Agreement for Personal Accounts

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. By providing us with names and telephone numbers, email addresses, and/or bank account information of Users to whom you wish to direct payments, you authorize us to follow the Payment instructions that we receive through the Service. b. When we receive a Payment instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, and to remit funds on your behalf. You also authorize us to credit your account for the receipt of Payments, including but not limited to those Payments returned to us from Users to whom you sent Payment(s) and those Payments that were cancelled and returned to you because the processing of the Payment could not be completed. c. You acknowledge and agree that if your Payment instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We have no responsibility to investigate discrepancies between account names and account numbers, outside of our obligations under the law to investigate errors. d. You agree that we will not be liable in any way for any Payments that you may receive, regardless of whether you authorized the sending User to send them toyouto you.

Appears in 1 contract

Samples: Cit Bank Agreement for Personal Accounts

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. By providing us with names and telephone numbers, email addresses, and/or bank account information of Users to whom you wish to direct payments, you authorize us to follow the Payment instructions that we receive through the Service. b. When we receive a Payment instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, and to remit funds on your behalf. You also authorize us to credit your account for the receipt of Payments, including but not limited to those Payments returned to us from Users to whom you sent Payment(s) and those Payments that were cancelled and returned to you because the processing of the Payment could not be completed. c. You acknowledge and agree that if your Payment instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We have no responsibility to investigate discrepancies between account names and account numbers, outside of our obligations under the law to investigate errorserrors . d. You agree that we will not be liable in any way for any Payments that you may receive, regardless of whether you authorized the sending User to send them toyouto you.

Appears in 1 contract

Samples: Cit Bank Agreement for Personal Accounts

AutoNDA by SimpleDocs

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. (a) By providing us with names and telephone numbers, email addresses, and/or bank account information of Users Receivers to whom you wish to direct payments, you authorize us to follow the Payment instructions Instructions that we receive through the Service. b. (b) When we receive a Payment instruction Instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, your Eligible Transaction Account and to remit funds on your behalf. You also authorize us to credit your account Eligible Transaction Account for the receipt of Paymentspayments, including but not limited to those Payments payments returned to us from Users Receivers to whom you sent Payment(spayment(s) and those Payments that were or cancelled and returned to you because the processing of the Payment payment transaction could not be completed. c. (c) You acknowledge and agree that if your Payment instructions Instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions Instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We numbers and that we have no responsibility to investigate discrepancies between account names and account numbers, outside of our obligations under the law to investigate errors. d. (d) You agree that we will not be liable in any way for any Payments payments that you may receive, regardless of whether you authorized the sending User Sender to send them toyouto you.

Appears in 1 contract

Samples: Electronic Services Agreement

Payment Authorization and Payment Remittance. a. When you register with Zelle, you may establish one or more profiles. Each profile may be linked to only one bank account, but you may register multiple email addresses or mobile phone numbers in each profile. Once you have registered an email address or a mobile phone number with a profile, you may not use that same email address or phone number with any other profile. By providing us with names and telephone numbers, email addresses, and/or bank account information of Users to whom you wish to direct payments, you authorize us to follow the Payment instructions that we receive through the Service. b. When we receive a Payment instruction from you, you authorize us to debit the account you have enrolled for the amount of such Payment at the time you initiate the Payment, and to remit funds on your behalf. You also authorize us to credit your account for the receipt of Payments, including but not limited to those Payments returned to us from Users to whom you sent Payment(s) and those Payments that were cancelled and returned to you because the processing of the Payment could not be completed. c. You acknowledge and agree that if your Payment instructions identify an account by name and account number, the relevant financial institution may execute those Payment instructions by reference to the account number only, even if such account number does not correspond to the account name. You further acknowledge and agree that financial institutions holding the account may choose to not investigate discrepancies between account names and account numbers. We have no responsibility to investigate discrepancies between account names and account numbers, outside of our obligations under the law to investigate errorserrors . d. You agree that we will not be liable in any way for any Payments that you may receive, ,regardless of whether you authorized the sending User to send them toyouto you.

Appears in 1 contract

Samples: Cit Bank Agreement for Personal Accounts

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!