Security Tokens. 5.1 Each UOB Bank grants the Customer and/or the Customer Users a non-exclusive, non-transferable licence to use Security Tokens in respect of any Account or any other accounts (including accounts of third parties on whose behalf a Customer User is authorised to act) as may be designated by the Customer and for the purposes of enabling the Customer to access Business Internet Banking and/or the Services.
5.2 Neither the Customer nor the Customer Users will acquire any rights whatsoever to Security Tokens. Security Tokens shall at all times remain the property of the UOB Group Bank which issued or provided the Security Tokens and shall be returned to that UOB Group Bank on demand.
5.3 Each Security Token may be used (whether or not in conjunction with the User ID and/or Password or otherwise) by any Customer User:
(a) to initiate, effect, perform and/or dispatch any Instruction or any communication to any UOB Group Bank;
(b) to obtain or utilise any Service that may be offered or made available by any UOB Group Bank;
(c) to access and obtain information as may be permitted by any UOB Group Bank (whether relating to an Account, Service or otherwise); and
(d) to effect any transaction with any UOB Group Bank as may be made available by the UOB Group Bank, on behalf of the Customer subject to the terms of this Agreement and to other restrictions, limitations, terms and conditions of the UOB Group Bank then applicable.
5.4 The Customer shall procure that the Customer User to whom any Security Token is issued or provided shall:
(a) retain the Security Token at all times and shall not permit any other person to have access to, use or tamper with the Security Token issued or provided to such Customer User;
(b) not reveal the OTP generated by his Security Token to anyone; and
(c) not divulge the serial number of his Security Token to anyone.
5.5 Each UOB Group Bank shall be entitled to rely on and treat any Instruction made, submitted or effected whether by the use of any Security Token issued or provided to any Customer User or any Password generated by such Security Token (and whether or not in conjunction with any Password of any Customer User and/or User ID of the Customer or otherwise) as having been made, submitted or effected by that Customer User for and on behalf of the Customer unless notice of the loss of such Security Token has been given in such form and by such means as the UOB Group Bank may deem satisfactory and has been received by the UOB Group Ba...
Security Tokens. Security Tokens are complex financial instruments. Prospective investors should ensure that they have the expertise to understand how the product is structured (which may differ from case to case) and the applicable terms and conditions. In most cases, an investor will have no legal or beneficial interest in the asset represented by the Security Token; rather, the investor will have a contractual relationship with the issuer only and its rights and remedies with respect to the investment will be limited to contractual remedies against the issuer in accordance with the terms of the relevant Security Token.
Security Tokens. As part of the Security Procedures, you agree to use security tokens (“Security Tokens”), which are assigned to each Primary Administrator, Administrative User, or any other authorized user, which tokens generate time sensitive passwords that must be used to access the portion of Cash Management as required to initiate entries. These Security Tokens may be physical tokens or “soft tokens”—software that is downloaded to a mobile device.
Security Tokens the use of Security Token assigned to each Primary Administrator or User, which token generates time sensitive passwords that may be used to access the portion of Cash Management as required to initiate instructions to Bank.
Security Tokens. 10.1 The Security Tokens are issued by the respective Issuers, and not by the Exchange.
10.2 A Security Token (or part thereof) may be traded on the Trading System only if an Approved Custodian has first taken custody of such Security Token. The Security Tokens are not permitted to be stored, used, listed or traded outside of the Trading System, and are not intended to be, and shall not be understood, deemed, interpreted or construed to be or be representative of any kind of currency (including digital currency), legal tender, money or deposit or substitute therefor.
10.3 The Security Tokens may only be acquired from Issuers via direct issuance outside the Trading System and/or from other Members via secondary trading on the Trading System, in accordance with the Exchange Requirements.
Security Tokens. Adding the ACH Service requires all System Managers and any System Users at Company who will submit or approve ACH Entries through Online Banking System to use a security token when submitting ACH Entries to Bank. This requirement cannot be waived.
Security Tokens. With Online Banking, Bank offers an additional layer of protection through the use of security tokens including 6-digit One Time Password (“OTP”) security codes with a 30-second countdown bar. Security tokens are available to Company through a downloadable App or a hardware device with LCD screen. Features of security tokens include:
a. Strong Two-Factor Authentication. Security tokens are based on strong two-factor authentication, and in order to gain access to Systems and Services, Individual must:
i. Download VIP Access App to a Mobile Device or VIP Access for Desktop to a desktop computer or request a hand-held security token be issued by Bank; and,
ii. Contact Bank to link the Credential ID of the downloaded App or hardware token to the Individual’s Login Credentials.
Security Tokens. 11.6.1 Content Guru may issue a security device that provides a token-based two- factor authentication (“Security Token”) to the Client in order to securely access Client Services on the Content Guru network. The Security Token will be issued on condition that it is retained securely by the Client at all times, and used only for access to Client Services provided by Content Guru. The Username and Password issued with the Security Token are confidential and must not be disclosed to third parties. The Client further warrants that the computer used to gain access to the Content Guru network will restrict access to authorised users only and be protected by up-to-date anti-virus and other malware software for the duration of this contract. Content Guru reserves the right to disable the Security Token without notice if it suspects that the above conditions are not being complied with, or that use of the Security Token presents a security or unauthorised use threat to the Content Guru network.
11.6.2 Security Tokens are issued with a lifespan of three (3) years’ duration. At the expiry of the Security Token, a new Security Token will be issued to Customer by default and the Customer will be charged, and the Customer agrees to pay, Content Guru’s then standard rates. The Customer may cancel new Security Tokens by notifying Content Guru in writing prior to the Security Token expiry date.
Security Tokens. All users originating and/or approving ACH transactions will be required to input a PIN or One-Time Passcode at the time originating or approving an Entry or File. One-Time Passcode can be obtained through the 1st Security Mobile Token application (which can be found in the Google Play or Apple App stores) or can be delivered to you via SMS text or email. The PIN will be established at the time of setting up your Secure Browser application and 1st Security Mobile Token application, or during your initial login, if accessing the system through the web. To access Secure Browser, or the 1st Security Mobile Token application, you will need your Activation Key which can be found within Business Online Banking, or which can be provided to you by the Bank.
Security Tokens. Bank also requires use of a one-time access code generated by Client’s Security Tokens for Clients with the ability to originate external transactions. The generated code can only be used once to provide a Business Online Banking authentication. A different code will be generated by the Security Token each time it is used. Bank will have no responsibility for ensuring compliance with the procedures Client develops for protecting the security of the Security Tokens.
i) Client is responsible for tracking Security Tokens issued to Users. In particular, Client must confirm that the Security Tokens issued in tangible form are kept safe and secure, in Client’s possession and or the possession of Client’s Users at all times and that Users do not share Security Tokens or permit them to be copied, reverse engineered or otherwise tampered with. Further, Client and Client’s Users must not use the Security Tokens for other than for the purpose of identifying themselves to Bank in relation to Business Online Banking, and Client may not transmit or otherwise send the Security Tokens to any other unauthorized party.
ii) If Client suspects any impropriety on the part of any User in connection with use of a Security Token or if a User with a tangible Security Token is leaving Client’s employment, Client must take immediate steps to ensure that the User is prevented from further access to Business Online Banking, including recovery, returning any tangible Security Token to Bank, or reassignment of the Security Token issued to the relevant User in such manner as designated by Bank.
iii) Bank will not be liable to Client or to third parties for any loss whatsoever arising from unauthorized use of Security Tokens.
iv) Bank grants Client and Client’s Users non-exclusive, non- transferable rights to the Security Tokens. Title to and rights in the Security Tokens reside in Bank and, except for specific rights granted to Client by license, neither Client nor any of Client’s Users will acquire any rights whatsoever in the Security Tokens. Bank will make all reasonable efforts to ensure that the Security Tokens will perform as necessary to permit Client’s access to Business Online Banking. BANK DISCLAIMS ALL WARRANTIES, WHETHER STATUTORY, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF FITNESS FOR PARTICULAR PURPOSE, MERCHANTABILITY, DESIGN, QUALITY, PERFORMANCE, CONTINUOUS USE OR ERROR- FREE OPERATION. Client must notify Bank immediately if any Security Token fai...
