Common use of SECURITY PROCEDURES AND COMMUNICATIONS Clause in Contracts

SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders and other communications sent by Bank and Client might be used in connection with the Service. Client agrees that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank reasonably doubts its authorization, contents, origination or compliance with the Security Procedures. Bank shall have no duty to discover, and shall not be liable for, errors or omissions by Client. If Bank complies with the Security Procedures in respect of a communication, Bank shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank shall not be liable for acting on, and Client shall be bound by, any communication sent in the name of Client, whether or not authorized. Bank reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client shall not disclose such security device except to employees or agents authorized to act for Client in connection with the Service. Client shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank if the confidentiality or integrity of any such security device is breached or threatened. Client shall be solely responsible for the safekeeping of such security devices and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's negligence or deliberate acts or otherwise. Bank shall not be liable for any loss or damage resulting from fraudulent, unauthorized or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 2 contracts

Samples: Treasury Management Master Agreement Terms and Conditions, Treasury Management Master Agreement Terms and Conditions

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SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders and other communications sent by Bank Financial Institution and Client Business might be used in connection with the Service. Client Business agrees that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank Financial Institution shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank Financial Institution reasonably doubts its authorization, contents, origination or compliance with the Security Procedures. Bank Financial Institution shall have no duty to discover, and shall not be liable for, errors or omissions by ClientBusiness. If Bank Financial Institution complies with the Security Procedures in with respect of to a communication, Bank Financial Institution shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank Financial Institution shall not be liable for acting on, and Client Business shall be bound by, any communication sent in the name of ClientBusiness, whether or not authorized. Bank Financial Institution reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client Business of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client Business shall not disclose such security device except to employees or agents authorized to act for Client Business in connection with the Service. Client Business shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank Financial Institution if the confidentiality or integrity of any such security device is breached or threatened. Client Business shall be solely responsible for the security of the physical and electronic data in its possession. Business shall also be solely responsible for safekeeping of such confidential password, log-on identification, identification code, personal or location identification number, repetitive code, or similar security devices device and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of ClientBusiness's negligence or deliberate acts or otherwise. Bank Financial Institution shall not be liable for any loss or damage resulting from fraudulent, unauthorized or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 2 contracts

Samples: www.peoplesbank-wa.com, www.peoplesbank-wa.com

SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders and other communications sent by Bank and Client Company might be used in connection with the Serviceservice. Client Company agrees that any such mutually agreed-upon Security Procedures security procedures shall be deemed commercially reasonable. Bank shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures security procedures and may refuse to act on any communication where Bank reasonably doubts its authorizationauthorizations, contents, origination or compliance with the Security Proceduressecurity procedures. Bank shall have no duty to discover, and INITIALS Revised October 2008 shall not be liable for, for errors or omissions by ClientCompany. If Bank complies with the Security Procedures security procedures in respect of a communication, Bank shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish established the identity of the person giving it, or await any confirmation thereof, and Bank shall not be liable for acting on, and Client Company shall be bound by, any communication sent in the name of ClientCompany, whether or not authorized. Bank reserves the right to issue new Security Procedures security procedures and/or to cancel or change any Security Procedures security procedures from time to time. Whenever the Security Procedures security procedures include the assigning to Client Company of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client Company shall not disclose such security device except to employees or agents authorized to act for Client Company in connection with the service. Company shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of any such security device, Company shall not disclose such security device except to employees or agents authorized to act for Company in connection with the Service. Client Company shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank if the confidentiality or integrity of any such security device is breached or threatened. Client Company shall be solely responsible for the safekeeping of such security devices and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's Company’s negligence or deliberate acts or otherwise. Bank shall not be liable for any loss or damage resulting from fraudulent, unauthorized or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 1 contract

Samples: Remote Check Deposit Agreement

SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders orders, and other communications sent by Bank and Client the Parties might be used in connection with the Service. Client Customer agrees that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank reasonably doubts its authorization, contents, origination origination, or compliance with the Security Procedures. Bank shall have no duty to discover, and shall not be liable for, errors or omissions by ClientCustomer. If Bank complies with the Security Procedures in respect of a communication, Bank shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank shall not be liable for acting on, and Client Customer shall be bound by, any communication sent in the name of ClientCustomer, whether or not authorized. Bank reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client Customer of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client Customer shall not disclose such security device except to employees or agents authorized to act for Client Customer in connection with the Service. Client Customer shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank if the confidentiality or integrity of any such security device is breached or threatened. Client Customer shall be solely responsible for the safekeeping of such security devices and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's Customer’s negligence or deliberate acts or otherwise. Bank shall not be liable for any loss or damage resulting from fraudulent, unauthorized unauthorized, or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 1 contract

Samples: Treasury Management Service Terms and Conditions

SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders orders, and other communications sent by Bank Credit Union and Client might be used in connection with the Service. Client agrees You agree that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank Credit Union shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank Credit Union reasonably doubts its authorization, contents, origination origination, or compliance with the Security Procedures. Bank Credit Union will act on any communication received between 8:00am and 5:00pm on any business day Monday – Friday on which Credit Union is open. Call 000-000-0000 or email us at xxxxxx@xxxxxxxxx.xxx or write to Amplify Credit Union, PO Box 85300, Austin TX 00000.Xxxxxx Union shall have no duty to discover, and shall not be liable for, errors or omissions by Clientyou. If Bank Credit Union complies with the Security Procedures in respect of a communication, Bank Credit Union shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank Credit Union shall not be liable for acting on, and Client you shall be bound by, any communication sent in the name of Clientyour name, whether or not authorized. Bank Credit Union reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client you shall not disclose such security device except to employees or agents authorized to act for Client in connection with the Servicedevice. Client You shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank Credit Union if the confidentiality or integrity of any such security device is breached or threatened. Client You shall be solely responsible for the safekeeping of such security devices and assumes assume all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's your negligence or deliberate acts or otherwise. Bank Credit Union shall not be liable for any loss or damage resulting from fraudulent, unauthorized unauthorized, or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 1 contract

Samples: Mobile Deposit Service Agreement

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SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders and other communications sent by Bank and Client might be used in connection with the Service. Client agrees that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank reasonably doubts its authorization, contents, origination or compliance with the Security Procedures. Bank shall have no duty to discover, and shall not be liable for, errors or omissions by Client. If Bank complies with the Security Procedures in respect of a communication, Bank shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank shall not be liable for acting on, and Client shall be bound by, any communication sent in the name of Client, whether or not authorized. Bank reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client shall not disclose such security device except to employees or agents authorized to act for Client in connection with the Service. Client shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank if the confidentiality or integrity of any such security device is breached or threatened. Client shall be solely responsible for the safekeeping of such security devices and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's negligence or deliberate acts or otherwise. Bank shall not be liable for any loss or damage resulting from fraudulent, unauthorized or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The For Desktop Scanner clients, the representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 1 contract

Samples: Treasury Management Master Agreement Terms and Conditions

SECURITY PROCEDURES AND COMMUNICATIONS. Certain Security Procedures designed to verify the origination (but not errors in transmission or content) of instructions, orders orders, and other communications sent by Bank Financial Institution and Client Business might be used in connection with the Service. Client Business agrees that any such mutually agreed-upon Security Procedures shall be deemed commercially reasonable. Bank Financial Institution shall not be obligated to act on a communication not transmitted in accordance with the Security Procedures and may refuse to act on any communication where Bank Financial Institution reasonably doubts its authorization, contents, origination origination, or compliance with the Security Procedures. Bank Financial Institution shall have no duty to discover, and shall not be liable for, errors or omissions by ClientBusiness. If Bank Financial Institution complies with the Security Procedures in respect of a communication, Bank Financial Institution shall be entitled to act on that communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and Bank Financial Institution shall not be liable for acting on, and Client Business shall be bound by, any communication sent in the name of ClientBusiness, whether or not authorized. Bank Financial Institution reserves the right to issue new Security Procedures and/or to cancel or change any Security Procedures from time to time. Whenever the Security Procedures include the assigning to Client Business of any confidential password, logon identification, identification code, personal or location identification number, repetitive code, or similar security device, Client Business shall not disclose such security device except to employees or agents authorized to act for Client Business in connection with the Service. Client Business shall implement such safeguards as are reasonably necessary to ensure the confidentiality and integrity of such security devices, and shall immediately notify Bank Financial Institution if the confidentiality or integrity of any such security device is breached or threatened. Client Business shall be solely responsible for the safekeeping of such security devices and assumes all risk of accidental disclosure or inadvertent use of such security devices by any party whatsoever, whether such disclosure or use is on account of Client's Business’s negligence or deliberate acts or otherwise. Bank Financial Institution shall not be liable for any loss or damage resulting from fraudulent, unauthorized unauthorized, or otherwise improper use of any security devices. When you begin to use the service, you will receive a User ID and a temporary password which will allow you access to your deposit site. This Password should be changed upon the first use of the service. The representative to whom we send the initial temporary password shall be the Administrator with the authority to administer your use of the services. You may designate one or more additional persons to serve as Administrators. The Administrator shall be responsible for managing access to and use of the Service by other persons and for limiting, where you deem appropriate, the level and extent of such access. The Administrator will assign unique user identification to such authorized persons and will set and, as needed, reset passwords for all users of the Service. You agree that Bank may rely on any instructions given by the Administrator in relation to the service and your accounts.

Appears in 1 contract

Samples: Wire Transfer Agreement

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