QUALIFIED INSTRUMENTS Sample Clauses

QUALIFIED INSTRUMENTS. FOR REMOTE CHECK DEPOSIT (CHECK 21 Plus) with Guarantee. SPS-EFT has set the following guidelines that each instrument must meet to qualify for reimbursement under the Remote Check Deposit (Check 21) with Guarantee option: (a) At the time of authorization, the individual name or business name must be commercially imprinted on the instrument. In the case of a business entity, the instrument must have the business name and current business address and phone number (as listed with information) commercially imprinted on the check. Temporary checks or checks without commercially imprinted check numbers will not qualify for check guarantee. Drafts will not qualify for check guarantee; (b) Checks drawn on a United States Government entity or account, Cashier’s Checks, Certified Checks, Money Orders, Traveler’s Check will not qualify for check guarantee; (c) Checks written by one person for goods or services provided to a 3rd party do not qualify for guarantee.

QUALIFIED INSTRUMENTS. For any instrument to qualify, it must be authorized properly and meet the following criteria: a. At the time of authorization, the individual name or business name must be commercially imprinted on the instrument. In the case of a business entity, the instrument must have the business name and current business address and phone number (as listed with information) commercially imprinted on the check. Temporary checks or checks without commercially imprinted check numbers, traveler’s checks, money orders, payroll checks, line of credit checks, checks drawn on the checking account of Merchant or any of its agents or employees, checks submitted for goods or services not concurrently provided to the customer (including checks for service contract, gift certificates, layaway-except final payment, or goods or services provided to a third party) will not qualify for check guarantee; b. An instrument must be authorized with a driver's license or state issued ID card presented by the consumer to Merchant and viewed by Xxxxxxxx at the time of authorization; c. The customer's valid driver's license or state issued identification card number and the state code found on the "Quick Reference Guide" or if the guide is not available the abbreviation of the state that issued the identification card must be noted on the instrument at the time of authorization; d. The authorization number received through the Point-Of-Sale device must be noted on the instrument at the time of authorization; e. A street address must be commercially imprinted on the check. If the current street address is not the one imprinted on the instrument at the time of the authorization, it must be crossed out and the most current address be written in. Post Office (PO) Boxes only are not acceptable addresses; f. If the phone number is not imprinted on the instrument, you must note the phone numbers (home phone and business phone) on the instrument at the time of authorization; g. The date of the instrument must be no more than one (1) day from the date on which the instrument was authorized by Paya-EFT; h. The instrument must be payable to the Merchant's business name and endorsed by the Merchant and deposited in the Merchant's business account after authorization of said instrument, but before close of business the following business day. Any check deposited more than one time will not be a qualified instrument. The amount authorized and the amount shown in words and figures on the check must agree; i...