RESTRICTIONS ON ACCEPTANCE OF CHECKS FOR ELECTRONIC PROCESSING Sample Clauses

RESTRICTIONS ON ACCEPTANCE OF CHECKS FOR ELECTRONIC PROCESSING. Merchant agrees to take reasonable security precautions to prevent the unauthorized use of the GETI Services by the Merchant, its employees, agents and customers. From time to time, GETI shall establish necessary security and identification procedures for presentment of checks for electronic processing pursuant to the NACHA Rules and applicable law. These procedures will include the use of identification numbers and passwords, which shall be assigned to Merchant and validated by GETI, in order to access the GETI Services from Merchant’s terminal(s). Merchant agrees to comply with such procedures and to accept such “properly presented” checks for electronic processing. Merchant further agrees to inform GETI immediately of any changes in business activities, rules or regulations, which may affect the GETI Services. Merchant shall scan each check submitted for processing through no more than one POS terminal. Merchant agrees that sales completed at one location cannot be processed through a terminal at another location. In no event is Merchant allowed to process checks manually by keying in the MICR number.
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RESTRICTIONS ON ACCEPTANCE OF CHECKS FOR ELECTRONIC PROCESSING. From time to time, Paya-EFT shall establish necessary security and identification procedures for presentment of checks for electronic processing pursuant to the ACH Rules and applicable law. XXXXXXXX agrees to comply with such procedures and to accept such “properly presented” checks for electronic processing. MERCHANT shall not accept or attempt to process checks in excess of the maximum limitations established by Paya-EFT. In no event, will Paya-EFT accept a check greater than $2500 for processing without prior written authorization by Paya-EFT. Paya-EFT shall also establish the number of checks, which may be submitted on a daily basis by any customer for electronic processing. XXXXXXXX agrees to provide Paya-EFT with any and all information needed to establish such limitations. XXXXXXXX further agrees to inform Paya-EFT immediately of any changes in business activities, rules or regulations, which may affect these limitations. XXXXXXXX further agrees to abide by these limitations as a condition to Paya-EFT electronically processing any check. MERCHANT shall scan each check submitted for processing through no more than one POP MICR reader/check scanner. MERCHANT agrees that sales completed at one location cannot be processed through a MICR reader/check scanner at another location. In no event is MERCHANT allowed to process checks manually by keying in the MICR number.
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RESTRICTIONS ON ACCEPTANCE OF CHECKS FOR ELECTRONIC PROCESSING. From time to time, GETI shall establish necessary security and identification procedures for presentment of checks for electronic processing pursuant to the Rules and applicable law. MERCHANT agrees to comply with such procedures and to accept such “properly presented” checks for electronic processing. MERCHANT shall not accept or attempt to process checks in excess of the maximum limitations established by GETI. In no event, will GETI accept a check greater than $2500 for processing without prior written authorization by GETI. GETI shall also establish the number of checks, which may be submitted on a daily basis by any customer for electronic processing. MERCHANT agrees to provide GETI with any and all information needed to establish such limitations. MERCHANT further agrees to inform GETI immediately of any changes in business activities, rules or regulations, which may affect these limitations. MERCHANT further agrees to abide by these limitations as a condition to GETI electronically processing any check. MERCHANT shall scan each check submitted for processing through no more than one POP MICR reader/check scanner. MERCHANT agrees that sales completed at one location cannot be processed through a MICR reader/check scanner at another location. In no event is MERCHANT allowed to process checks manually by keying in the MICR number.
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