Common use of Warranties for Check Image Processing Clause in Contracts

Warranties for Check Image Processing. You represent and warrant to us each time you, directly or through your service provider, use the ICL Service that: ▪ The check image is an accurate representation of all information on the front and back of the original at the time the original check was converted to a check image, and the check image contains all endorsements from the original check; ▪ Each check image (and related ICL File) contains a record of all MICR line information required for a substitute check and otherwise satisfies all of the requirements of Check 21 and Regulation CC for the creation and/or transferring of a substitute check created from that check image; ▪ Each check’s format shall adhere to industry standards and may change from time to time. The current Image Quality Guideline is Black/White, Minimum 200 DPI TIFF G4. ▪ You will not submit any duplicate Check Images to us. ▪ For any Check Image transmitted by the service, the original check, a duplicate check image or any copy of the original check or check image will not be (a) deposited by you with us (unless we expressly instruct you to do so) or (b) presented, transferred, or returned such that we or any other person (such as the drawer of the check) will be asked to make payment based on a check or check image that we or the other person already paid; ▪ All the information provided to the bank is accurate. ▪ You will use the Service only for checks that are payable to or endorsed or eligible for deposit by you and that are not disqualified for any other reasons, including those described previously below as Exception Items. ▪ You will use the Service only for its intended purpose and your own business use in accordance with the terms of this and the Deposit Agreement. ▪ You will maintain control over and responsibility for any and all sensitive electronic data relating to consumer information, and shall be responsible for notification of any compromise of such data. In addition, each time you transmit a ICL File to us, directly or indirectly through your service provider or otherwise, you are deemed to make to us any representation, warranty or indemnity that we make, under applicable law, clearinghouse rule, Federal Reserve Operating Circular, bi-lateral agreement or otherwise, to any bank (including a Federal Reserve Bank and the paying bank) or other person when the Bank transfers or presents the check image or any substitute check created from that check image. We may charge back to your account(s) any deposited check that is later returned to us owing to an actual or alleged breach of any such representation or warranty.

Warranties for Check Image Processing. You represent and warrant to us each time you, directly or through your service provider, use the ICL Service that: ▪  The check image is an accurate representation of all information on the front and back of the original at the time the original check was converted to a check image, and the check image contains all endorsements from the original check; ▪  Each check image (and related ICL File) contains a record of all MICR line information required for a substitute check and otherwise satisfies all of the requirements of Check 21 and Regulation CC for the creation and/or transferring of a substitute check created from that check image; ▪  Each check’s format shall adhere to industry standards and may change from time to time. The current Image Quality Guideline is Black/White, Minimum 200 DPI TIFF G4. ▪  You will not submit any duplicate Check Images to us. ▪  For any Check Image transmitted by the service, the original check, a duplicate check image or any copy of the original check or check image will not be (a) deposited by you with us (unless we expressly instruct you to do so) or (b) presented, transferred, or returned such that we or any other person (such as the drawer of the check) will be asked to make payment based on a check or check image that we or the other person already paid; ▪  All the information provided to the bank is accurate. ▪  You will use the Service only for checks that are payable to or endorsed or eligible for deposit by you and that are not disqualified for any other reasons, including those described previously below as Exception Items. ▪  You will use the Service only for its intended purpose and your own business use in accordance with the terms of this and the Deposit Agreement. ▪  You will maintain control over and responsibility for any and all sensitive electronic data relating to consumer information, and shall be responsible for notification of any compromise of such data. In addition, each time you transmit a ICL File to us, directly or indirectly through your service provider or otherwise, you are deemed to make to us any representation, warranty or indemnity that we make, under applicable law, clearinghouse rule, Federal Reserve Operating Circular, bi-lateral agreement or otherwise, to any bank (including a Federal Reserve Bank and the paying bank) or other person when the Bank transfers or presents the check image or any substitute check created from that check image. We may charge back to your account(s) any deposited check that is later returned to us owing to an actual or alleged breach of any such representation or warranty.