Common use of Transaction Authorization Clause in Contracts

Transaction Authorization. By following our procedures for the transmission of check images through the Mobile Remote Deposit Capture Service and otherwise furnishing information necessary to execute Service transactions, you authorize us to credit deposits to your Mobile RDC Account or load funds to your Mobile RDC Card, as applicable, as provided in the terms of this Agreement. When you use the Service to load funds to your Mobile RDC Card, you agree that we, at our option, may handle the transaction in part as a check cashing transaction. If we determine to handle the transaction in this manner, you acknowledge and agree that you are authorizing and requesting us to cash the check you transmit to us and then to load the funds from that transaction to your Mobile RDC Card. Each time we accept a check image from you and credit a deposit to your Mobile RDC Account or load funds to your Mobile RDC Card, as applicable, you assign to us all of your right, title, and interest in and to the original check, with all available recourse against you (including, but not limited to, our right of chargeback to your Mobile RDC Account or Mobile RDC Card, as applicable, in the event of dishonor or nonpayment by the drawee), notwithstanding any restrictive, qualified, or conditional endorsement (including, but not limited to, any “without recourse” endorsement) you may apply to the check without direction or approval from us. Until such time as you dispose of the original check following the expiration of the Check Retention Period in accordance with the terms of this Agreement, you acknowledge and agree that you will retain custody of the original check in trust for us.