Web Entries. You can submit ACH Orders for internet-initiated/mobile entries (“WEB Entries”). You may initiate single or recurring WEB entries only to consumer accounts. A WEB Entry must be based on (i) an authorization that is communicated (but not by oral communication) by the Receiver to you via the Internet or a Wireless Network; or (ii) any form of authorization otherwise permissible under the Rules if the Receiver’s instruction to initiate the individual debit entry is designed by you to be communicated (but not by oral communication) to you via a Wireless Network. You agree to submit such entries in accordance with the technical specifications and formatting requirements set forth in the Rules and as directed by us from time to time. You may not use the WEB Standard Entry Class (SEC) Code in connection with authorizations obtained from customers by mail or verbal telephone communication. The WEB SEC code may not be used to initiate credit entries except for reversals of WEB debit entries.
Appears in 4 contracts
Samples: Treasury Management Master Services Agreement, Treasury Management Master Services Agreement, Treasury Management Master Services Agreement
