Processing Entries. a. Company shall only transmit PPD (Prearranged Payments and Deposits) or CCD (Corporate Credit or Debit) credit or debit Entries to Bank to the location(s) and in compliance with the formatting and other requirements set forth in the Supporting Documents. The ACH Service will start on a date agreeable to Company and to Bank after all set up requirements have been completed. Company agrees that its ability to originate Entries under this Agreement is subject to exposure limits in accordance with the Rules and as set forth in the Supporting Documents. b. Company will not submit individual or total monthly Entries in excess of the maximum limits established by Bank and reflected in the Supporting Documents, as amended from time to time. The parameters and variations of the limits shall be set at Bank’s discretion, including but not limited to limits based on dollar amounts and/or Entry Standard Entry Class Code types. Company will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank may adjust these limitations from time to time by providing notice to Company. The Bank processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision; the Bank may cease processing Entries in a greater amount at any time without prior notice. c. Company may not originate Entries using Standard Entry Class Codes other than CCD, CTX or PPD without prior notice to and written approval by Bank. Bank may require Company to submit an application in form and content acceptable to Bank, and execution by Company of such supplemental schedules, agreements and other documents as Bank may require, as a condition precedent to Company's use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to Company's use of ARC, RCK, BOC, POP, WEB, IAT or TEL Standard Entry Class Codes, or if Company is engaging in cross-border (International) transactions. If Company has been approved by Bank to originate Entries using Standard Entry Class Codes in addition to CCD, CTX and PPD, the additionally approved Standard Entry Class Codes will be identified in the Setup Form, and Company agrees to be bound by the Rules applicable to those additional Standard Entry Class Codes. Bank may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction. d. Except as provided below for On-Us Entries, Bank shall: (i) process Entries received from Company in accordance with the file specifications set forth in Rules; (ii) transmit such Entries as an ODFI to a Federal Reserve Bank acting as an ACH Operator; and (iii) settle for such Entries as provided in the Rules. All Entries shall be received by Bank prior to Delivery Date Deadline. e. Bank shall transmit or complete the necessary authorizations for Entries by the Delivery Date Deadline, provided: (i) such Entries are received by Bank's related cutoff time and Delivery Date Deadline on a business day, and (ii) the ACH Operator is open for business on such business day. Entries shall be deemed received by Bank at the location set forth in the Supporting Documents, and in the case of transmittal by electronic transmission, when the transmission (and compliance with any related Security Procedure provided for herein) is completed as provided in the Supporting Documents. If any of the requirements of this Section are not met, Bank may use reasonable efforts to transmit such Entries to the ACH Operator by the next Delivery Date Deadline which is a business day and a day on which the ACH Operator is open for business.
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Processing Entries. a. Company shall only transmit PPD (Prearranged Payments and Deposits) or CCD (Corporate Credit or Debit) credit or debit Entries to Bank to the location(s) and in compliance with the formatting and other requirements set forth in the Supporting Documents. The ACH Service Credit Origination Services will start on a date agreeable to both Company and to Bank after all set up requirements have been completedcompleted to Bank’s satisfaction and in accordance with the Rules. Company agrees that its ability to originate Entries under this Agreement is subject to exposure limits in accordance with the Rules and as set forth in the Supporting Documents.
b. Company will not submit individual or total monthly Entries in excess of the maximum limits established by Bank and reflected in the Supporting Documents, as amended from time to time. The parameters and variations of the limits shall be set at Bank’s 's discretion, including but not limited to limits based on dollar amounts and/or Entry Standard Entry Class Code types. Company will not divide a transaction into more than one Entry in order to avoid these limitations. The Bank may adjust these limitations from time to time by providing notice to Company; provided that, nothing contained in the preceding statement prevents Bank from adjusting these limits in order to prevent loss to the Bank or Company. The Bank processing of Entries in an amount greater than the established limit(s) shall not be deemed a waiver of this provision; the Bank may cease processing Entries in a greater amount at any time without prior notice. Notwithstanding the above, Company shall be responsible for any Entries it submits in excess of the maximum limits established by Bank, from time to time, along with any associated charges or fees in accordance with the Agreement.
c. Company may not originate Entries using Standard Entry Class Codes other than CCD, CTX (Corporate Trade Exchange Entry) or PPD without prior notice to and written approval by Bank. Bank may require Company to submit an application in apply, the form and content of the application must be acceptable to Bank, and execution by Company of such supplemental schedules, agreements and other documents as Bank may require, as a condition precedent to Company's use of other Standard Entry Class Codes. By way of example, the foregoing restrictions and requirements may apply to Company's use of ARCARC (Accounts Receivable Entries), RCKRCK (Re-presented Check Entries), BOCBOC (Back Office Conversion Entries), POPPOP (Point-of-Purchase Entry), WEBWEB (Internet-Initiated/Mobile Entries), IAT (International ACH Transaction) or TEL (Telephone-Initiated Entries) Standard Entry Class Codes, or if Company is engaging in cross-border (International) transactions. If Company has been approved by Bank to originate Entries using Standard Entry Class Codes in addition to CCD, CTX and PPDother than those listed above, the additionally approved additional Standard Entry Class Codes will be identified in the Setup Form, and Company agrees to be bound by the Rules applicable to those additional Standard Entry Class Codes. Bank may block unapproved use of a Standard Entry Class Code or an unapproved cross-border transaction.
d. Except as provided below If Company is authorized to initiate TEL, the following applies in addition to applicable provisions of the Rules and the Agreement:
i. Company will obtain Receiver’s oral authorization for On-Us Entries, Bank shalleach TEL to the Receiver’s account. A TEL may be transmitted only in circumstances in which there is: (i1) process Entries received an existing relationship between Company and Receiver, or (2) not an existing relationship, but the Receiver has initiated the call to Company. A TEL may not be when there is no existing relationship between Company and Receiver or when Company has initiated the telephone call to the Receiver. Company and Receiver are considered to have an existing relationship when either: there is a written agreement in place between Company and Receiver for the provision of goods or services, or Receiver has purchased goods or services from Company in accordance with within the file specifications set forth in Rules; past two (ii2) transmit such Entries as an ODFI to a Federal Reserve Bank acting as an ACH Operator; and (iii) settle for such Entries as provided in the Rules. All Entries shall be received by Bank prior to Delivery Date Deadlineyears.
e. Bank shall transmit ii. Authorization must conform to the requirements of the Rules and must provide evidence of Receiver’s identity and assent to the authorization. For Single Entry TEL, Company must either record the Receiver’s oral authorization or complete provide, in advance of the necessary authorizations for Entries Settlement Date of the Entry, written notice to Receiver that confirms the oral authorization. For recurring TEL, Company must record Receiver’s oral authorization and provide a written copy of the authorization to the Receiver, to the extent required by Regulation E. If Company obtains the Delivery Date Deadlineauthorization over the telephone, providedCompany must: (ia) such Entries are received by Bank's related cutoff time and Delivery Date Deadline on state clearly during the telephone conversation with Receiver that Receiver is authorizing a business daydebit Entry to his or her account, (b) express the terms of the authorization in a clear manner, and (iic) Receiver must unambiguously express consent. Silence is not express consent. For Single Entry TEL, Company must retain the original or duplicate audio recording of Receiver’s oral authorization or a copy of the written notice confirming Receiver’s oral authorization for two (2) years from the date of the authorization. At Bank’s request, Company shall promptly provide Bank with a copy of the authorization and/or notice, as appropriate.
iii. For recurring TEL, Company must retain for two (2) years from the termination or revocation of the authorization (1) the ACH Operator is open for business on such business day. Entries shall be deemed received by Bank at original or a duplicate audio recording of the location set forth in the Supporting Documentsoral authorization, and (2) evidence that a copy of the authorization was provided to Receiver in the case of transmittal by electronic transmission, when the transmission (and compliance with any related Security Procedure provided for herein) is completed as provided in the Supporting Documents. If any Regulation E. At Bank’s request, Company must promptly provide Bank with a copy of the requirements of this Section are not metauthorization and/or notice, Bank may use reasonable efforts as appropriate.
iv. For Single Entry TEL, if Company chooses the option to transmit such Entries provide Receiver with written notice confirming Receiver’s oral authorization, Company must disclose to the ACH Operator consumer during the telephone call the method by which such notice will be provided. The written notice must include, at a minimum, the next Delivery Date Deadline which eight (8) pieces of information (identified below) that must be provided during the telephone conversation. Company may not use a voice response unit to capture Receiver’s authorization for a TEL; key-entry responses by Receiver do not qualify as a TEL authorization. Company must ensure, at a minimum, the following information is a business day and a day on which the ACH Operator is open for business.disclosed to Receiver
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