Common use of TEL Entries Clause in Contracts

TEL Entries. You can submit ACH Orders for telephone-initiated debit entries (each a “TEL Entry”). You may initiate Single Entries to consumer accounts pursuant to oral authorizations you obtain from Receivers (“Consumers”) by telephone. (For recurring TEL Entries, see also the Subsection below entitled “Additional Terms for Recurring TEL Entries”). You agree to submit TEL entries in accordance with the technical specifications and formatting requirements set forth in the Rules and as directed by us from time to time. An entry based on a consumer’s oral authorization must utilize the TEL Standard Entry Class Code.

Appears in 4 contracts

Samples: Ss Agreement, Ss Agreement, Ss Agreement

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