Common use of Responsibility for Administrators Clause in Contracts

Responsibility for Administrators. The System requires you to designate at least one Administrator. Administrator access is given to an owner, who also must be a signer on the account. An Administrator is able to grant access to others. The Administrator will be responsible for maintaining your System settings and user security. Access to your accounts through the System will be based upon the identification of users and authority levels specified by you. The System will allow the Administrator to establish authority levels to help you manage additional users, and access optional services such as Xxxx Payment, ACH origination, and Wire Transfer capability. The levels are used to specify who can access specific accounts, what dollar amounts individuals are authorized to handle, and what functions an individual can access within an account. It has a hierarchical structure that gives an Administrator access to all functions. The Administrator is then responsible for setting up other users within the Company. You can use the System seven days a week, twenty-four hours a day, although some or all System options may not be available occasionally due to emergency or scheduled system maintenance. We will attempt to post notice of any extended periods of non-availability through the System or website screens. The Administrator is responsible for assigning all persons ("Authorized Users") with a Sign-On ID, Password and Authentication Method and who will be an Authorized User and what (if any) limitations (including what level of activity is appropriate for each account). Such limitations include, but are not limited to, determining which Authorized Users have access to Xxxx Payment, ACH, and wire services, determining which accounts an Authorized User can access and determining dollar limitations for each type of Service that an Authorized User can access via the System. The Administrator is also responsible for changing and maintaining the Sign-On IDs and Passwords, changing account names, and modifying display options. Further, the Administrator is responsible for the ability to add, change or delete Authorized Users; add, change or delete access to accounts; and reset Sign-On IDs and Passwords for Authorized Users. Finally, the Administrator will have full access to your accounts at the Bank, as well as any new accounts you may open in the future which are designated to be accessed via the System, including the ability to initiate transfers and add, change or delete stop payment requests. The Bank will not control or oversee the Administrator function. If you accept the Administrator function, you agree to this and all action taken by the Administrator, and all such persons are your agent for purposes of use of the System or the Services. You further agree to assume all risks associated with providing Sign-On IDs, Passwords and Authentication Methods to your agents, representatives, employees or officers, and to limit the number of Sign-On IDs, Passwords and Authentication Methods issued to only those who have a specific need to use the Service. You must establish authorization parameters and/or limits for each person you authorize to use the Service on your behalf.

Appears in 3 contracts

Samples: Electronic Banking Service Agreement, Electronic Banking Service Agreement, Electronic Banking Service Agreement

AutoNDA by SimpleDocs

Responsibility for Administrators. The System requires you to designate at least one Administrator. Administrator access is given to an owner, who also must be a signer on the account. An Administrator is able to grant access to others. The Administrator will be responsible for maintaining your System settings and user security. Access to your accounts through the System will be based upon the identification of users and authority levels specified by you. The System will allow the Administrator to establish authority levels to help you manage additional users, and access optional services such as Xxxx Bill Payment, ACH origination, and Wire Transfer capability. The levels are used to specify who can access specific accounts, what dollar amounts individuals are authorized to handle, and what functions an individual can access within an account. It has a hierarchical structure that gives an Administrator access to all functions. The Administrator is then responsible for setting up other users within the Company. You can use the System seven days a week, twenty-four hours a day, although some or all System options may not be available occasionally due to emergency or scheduled system maintenance. We will attempt to post notice of any extended periods of non-availability through the System or website screens. The Administrator is responsible for assigning all persons ("Authorized Users") with a Sign-On ID, Password and Authentication Method and who will be an Authorized User and what (if any) limitations (including what level of activity is appropriate for each account). Such limitations include, but are not limited to, determining which Authorized Users have access to Xxxx Bill Payment, ACH, and wire services, determining which accounts an Authorized User can access and determining dollar limitations for each type of Service that an Authorized User can access via the System. The Administrator is also responsible for changing and maintaining the Sign-On IDs and Passwords, changing account names, and modifying display options. Further, the Administrator is responsible for the ability to add, change or delete Authorized Users; add, change or delete access to accounts; and reset Sign-On IDs and Passwords for Authorized Users. Finally, the Administrator will have full access to your accounts at the Bank, as well as any new accounts you may open in the future which are designated to be accessed via the System, including the ability to initiate transfers and add, change or delete stop payment requests. The Bank will not control or oversee the Administrator function. If you accept the Administrator function, you agree to this and all action taken by the Administrator, and all such persons are your agent for purposes of use of the System or the Services. You further agree to assume all risks associated with providing Sign-On IDs, Passwords and Authentication Methods to your agents, representatives, employees or officers, and to limit the number of Sign-On IDs, Passwords and Authentication Methods issued to only those who have a specific need to use the Service. You must establish authorization parameters and/or limits for each person you authorize to use the Service on your behalf.

Appears in 1 contract

Samples: Electronic Banking Service Agreement

AutoNDA by SimpleDocs

Responsibility for Administrators. The System Service requires you to designate at least one Senior Administrator. Administrator access is given to an owner, who also must be a signer on You will provide us with your Senior Administrator’s name in the account. An Administrator is able to grant access to othersUser EServices Setup Form (“Setup Form”). The Senior Administrator will be responsible for maintaining your System online settings and user security. In some instances, the Credit Union may administer Users of the Service(s) at your direction by completing the User EServices Setup Form, which is signed by an authorized signer of the Business. Until the Credit Union receives such notice and has had a reasonable opportunity to act on it, the Credit Union shall continue to rely on all information provided by any Users. Access to your online accounts through the System will be based upon on the identification of users and authority levels specified by youyou in your Setup Form. You must notify us if you terminate or change the Senior Administrator. You must also notify us if you add or delete accounts or functionalities. It is your responsibility to understand the capabilities built into each Service to prevent unauthorized transactions, and to decide which account(s) and Service(s) to link to each User. When you designate Senior Administrator and User authorities, you should keep in mind the importance of the separation of duties as a means of protecting yourself against losses or damages. If you wish to change your Senior Administrator, you will give notice to the Credit Union in writing. Upon receipt of notice, the Credit Union will substitute the new Senior Administrator for the previous Senior Administrator and will issue a new Senior Administrator User ID, PIN, and token. We will not take action based on your new request until we receive the properly executed required Setup Form and have a reasonable opportunity to act. The System will allow the Administrator to establish authority levels to help you manage additional users, and access optional services such as Xxxx Payment, ACH origination, and Wire Transfer capability. The levels are used to specify who can access specific accounts, what dollar amounts individuals are authorized to handle, and what functions an individual can access within an account. It has a hierarchical structure that gives an Administrator access to all functions. The Senior Administrator is then responsible for setting up other users within of the CompanyServices. You can use the System The Service is available seven days a week, twenty-four hours a day, although some or all System options may not be available occasionally due to emergency or scheduled system maintenance. We will attempt to post notice notices of any extended periods of non-availability through the System website screens or website screenson your account page. The Senior Administrator is responsible for assigning all persons ("Authorized Users") with a Sign-On unique Access User ID, Password PIN and Authentication Method and token, who will be an Authorized a User and what (if any) limitations (including what level of activity is appropriate for each account). Such limitations include, but are not limited to, determining which Authorized Users have access to Xxxx Payment, ACH, and wire services, determining which accounts an Authorized User can access and determining dollar limitations for each type of Service that an Authorized User can access via the Systemlimitations. The Senior Administrator is also responsible for changing and maintaining the Sign-On IDs and Passwordsadding, changing account names, and modifying display options. Further, the Administrator is responsible for the ability to add, change or delete Authorized deleting Users; add, change or delete access to accounts; and reset Sign-On User IDs and Passwords PINs for Authorized Users. The Senior Administrator is the primary contact with Credit Union support staff for these functions. Finally, the Senior Administrator will have full access to your accounts at the BankCredit Union, as well as any new accounts you may open in the future which are designated to be accessed via the System, including the ability to initiate transfers and add, change or delete stop payment requests. The Bank Credit Union will not control or oversee the Senior Administrator function. If By executing this Agreement you agree to accept (and for the delegation of) the Senior Administrator function, you agree to this and all action actions taken by the Senior Administrator, and all such persons who are your agent for purposes of use of the System or the Services. You further agree to assume all risks associated with providing Sign-On IDsUser ID's, Passwords PINs and Authentication Methods tokens to your agents, representatives, employees or officers, and to limit the number of Sign-On IDsUser ID's, Passwords PINs and Authentication Methods tokens issued to only those who have a specific need to use the Service. You must establish authorization parameters and/or limits for each person you authorize to use the Service on your behalf.

Appears in 1 contract

Samples: www.umassfive.coop

Time is Money Join Law Insider Premium to draft better contracts faster.