Common use of Security Procedure and User Guides Clause in Contracts

Security Procedure and User Guides. As used in this Agreement and in Specifications, a “security procedure” is a procedure by which we verify that an instruction or other communication issued in your name, or your authorized signers or users names, or with respect to your accounts, was made and authorized by you. Different Services have different security procedures, as disclosed to you herein or in one or more Specifications for the specific Services. By receiving a Service’s Specifications and then using that Service, you are representing that you have determined that the Service’s security procedure is commercially reasonable for your needs as expressed to us (including the size, type and frequency of your typical transactions with that Service), and you are agreeing that the security procedure is commercially reasonable, and agreeing that we may accept, rely, act upon, and enforce against you any instruction (including payment instructions) or other communication (e.g., designation of accounts or authorized signers or users for the Service, or establishing or modifying payment templates) received by us in compliance with that security procedure, even if that instruction or communication was not actually made, sent or authorized by you. If a Service’s disclosed security procedure is not commercially reasonable for your needs, or if you are unwilling to be bound by all instructions and communications received by us in accordance with that security procedure, then you must not use that Service. Contact your treasury services representative who can discuss alternative products, and in some instances alternative or additional security procedures. We may provide you with (or allow your Administrator(s) or Authorized User(s) to select) one or more Access Credentials to access our Services. We also may provide you with operating procedures, and user guides in the Specifications in connection with certain Services. You agree to:

Appears in 4 contracts

Samples: Ss Agreement, Ss Agreement, Ss Agreement

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