Requirements When Scanning Checks Using Third-Party Software Approved by Bank Sample Clauses

Requirements When Scanning Checks Using Third-Party Software Approved by Bank. Software Requirements: Third-party software used in connection with the Service must be approved by the Bank and must include and utilize the following: (a) Duplicate detection; (b) MICR read; and (c) features to prevent Customer from modifying or altering the MICR line. Image Requirements: The Image Requirements must meet the following: (a) for items drawn on Financial Institutions located in the United States, federal standard x9.37 specifications; for items drawn on Financial Institutions located in Canada, any bylaw, rule, or standard made under the Canadian Payment Act, (b) all image quality standards under applicable laws and regulations, and (c) be properly endorsed. ACH Origination This Service Agreement as part of the Master Treasury Services Agreement sets forth the additional terms and conditions under which the commercial Customer will use Automated Clearing House ("ACH") Services to initiate electronic credit and debit Entries ("Service") for which the Bank will serve as the Originating Depository Financial Institution ("ODFI").
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