Positive Pay Service. Account Reconciliation Service customers who participate in our Positive Pay Service can instruct us not to pay certain items presented against their accounts. If our Account Reconciliation reports of checks presented against your account matches the information you provide to us regarding the checks you have issued, you agree that we may treat the matching items as validly issued and properly payable, and that we may process such items for payment. If the information does not match, we will reject and return the non-matching items (unless you and we agree on another procedure).
Appears in 4 contracts
Samples: Cash Management Online Services Agreement, Cash Management Agreement, Electronic Business Banking Services Disclosure Agreement
Positive Pay Service. Account Reconciliation Service customers who members that participate in our Positive Pay Service can instruct us not to pay certain items presented against their accounts. If our Account Reconciliation reports of checks presented against your account matches the information (check number and amount) you provide to us regarding the checks you have issued, you agree that we may treat the matching items as validly issued and properly payable, and that we may process such items for payment. If the information does not match, we you will reject receive a notification of the exception and will need to return the non-non- matching items (unless you and we agree on another procedure).
Appears in 1 contract
