Common use of Remote Deposit Clause in Contracts

Remote Deposit. Navigant provides certain remote check clearing services known as “Remote Deposit.” Remote Deposit generally facilitates, through the use of a Scanner (as defined below) and/or a Mobile Device, as further described below, the electronic clearing of checks and enables Member to convert checks payable to it or its order that are drawn on or payable at or through financial institutions to digitized images (including a digital picture, if made via a Mobile Device) of a check, an Image Replacement Document, or an Image Exchange Item (as defined in the Check 21 Act) (each an “Electronic Item”) and to electronically transmit those Electronic Items – or a file containing those items (an “Electronic File”) - for deposit into the Member’s Deposit Account with Navigant through the Internet site associated with Remote Deposit (the “Remote Deposit Site”). In its sole and exclusive discretion, Navigant may require Member to complete and submit an application in order to be considered for use of Remote Deposit. Navigant may approve or deny such application in its sole and exclusive discretion.