Common use of Xxxx Payment Authorization and Payment Remittance Clause in Contracts

Xxxx Payment Authorization and Payment Remittance. By providing the Credit Union with names and account information of Payees to whom you wish to direct payments, you authorize the Credit Union to follow the Payment Instructions that it receives through the payment system. In order to process payments more efficiently and effectively, the Credit Union may edit or alter payment data or data formats in accordance with Payee directives. When the Credit Union receives a Payment Instruction, you authorize the Credit Union and its processing agents to debit your Payment Account and remit funds on your behalf so that the funds arrive as soon as reasonably possible after the Scheduled Payment Date designated by you. You also authorize the Credit Union and its processing agents to credit your Payment Account for payments returned to the Credit Union by the United States Postal Service or Payee, or payments remitted to you on behalf of another authorized user of the Xxxx Pay Service. The Credit Union will use its best efforts to make all your payments properly. However, the Credit Union shall incur no liability and any Service Guarantee shall be void if the Credit Union is unable to complete any payments initiated by you because of the existence of any one or more of the following circumstances: i. If, through no fault of the Credit Union, your Payment Account does not contain sufficient funds to complete the transaction or the transaction would exceed the credit limit of your overdraft account; ii. The payment processing center is not working properly and you know or have been advised by the Credit Union about the malfunction before you execute the transaction; iii. You have not provided the Credit Union with the correct Payment Account information, or the correct name, address, phone number, or account information for the Payee; and/or, iv. Circumstances beyond control of the Credit Union (such as, but not limited to, fire, flood, or interference from an outside force) prevent the proper execution of the transaction and the Credit Union has taken reasonable precautions to avoid those circumstances. Provided none of the foregoing exceptions are applicable, if the Credit Union causes an incorrect amount of funds to be removed from your Payment Account or causes funds from your Payment Account to be directed to a Payee which does not comply with your Payment Instructions, the Credit Union shall be responsible for returning the improperly transferred funds to your Payment Account, and for directing to the proper Payee any previously misdirected transactions, and, if applicable, for any late payment related charges.

Xxxx Payment Authorization and Payment Remittance. You represent and warrant that you are acting with full authority for the applying entity, and that you are duly authorized to execute this Agreement on behalf of the applying entity. By providing the Credit Union Bill Payment Service with names and account information of Payees Billers to whom you wish to direct payments, you authorize the Credit Union Bill Payment Service to follow the Payment Instructions that it receives through the payment system. In order to process payments more efficiently and effectively, the Credit Union Bill Payment Service may edit or alter payment data or data formats in accordance with Payee Xxxxxx directives. When the Credit Union Bill Payment Service receives a Payment Instruction, you authorize the Credit Union and its processing agents Bill Payment Service to debit your Payment Account and remit funds on your behalf so that the funds arrive as soon close as reasonably possible after to the Scheduled Payment Date designated by you. You also authorize the Credit Union and its processing agents Bill Payment Service to credit your Payment Account for payments returned to the Credit Union Bill Payment Service by the United States Postal Service or PayeeXxxxxx, or payments remitted to you on behalf of another authorized user of the Xxxx Bill Pay Service. The Credit Union Bill Payment Service will use its best efforts to make all your payments properly. However, the Credit Union Bill Payment Service shall incur no liability and any Service Guarantee under Section C shall be void if the Credit Union Bill Payment Service is unable to complete any payments initiated by you because of the existence of any one or more of the following circumstances: i. If, through no fault of the Credit UnionBill Payment Service, your Payment Account does not contain sufficient funds to complete the transaction or the transaction would exceed the credit limit of your overdraft account; ii. The payment processing center is not working properly and you know or have been advised by the Credit Union or the Bill Payment Service about the malfunction before you execute the transaction; iii. You have not provided the Credit Union Bill Payment Service with the correct Payment Account information, or the correct name, ,address, phone number, or account information for the PayeeXxxxxx; and/or, iv. Circumstances beyond control of the Credit Union or the Bill Payment Service (such as, but not limited to, fire, flood, or interference from an outside force) prevent the proper execution of the transaction and the Credit Union has and the Bill Payment Service have taken reasonable precautions to avoid those circumstances. Provided none of the foregoing exceptions are applicable, if the Credit Union Bill Payment Service causes an incorrect amount of funds to be removed from your Payment Account or causes funds from your Payment Account to be directed to a Payee Xxxxxx which does not comply with your Payment Instructions, the Credit Union Bill Payment Service shall be responsible for returning the improperly transferred funds to your Payment Account, and for directing to the proper Payee Xxxxxx any previously misdirected transactions, and, if applicable, for any late payment related charges.

Xxxx Payment Authorization and Payment Remittance. By providing the Credit Union with names and account information of Payees to whom you wish to direct payments, you authorize the Credit Union to follow the Payment Instructions that it receives through the payment system. In order to process payments more efficiently and effectively, the Credit Union may edit or alter payment data or data formats in accordance with Payee directives. When the Credit Union receives a Payment Instruction, you authorize the Credit Union and its processing agents to debit your Payment Account and remit funds on your behalf so that the funds arrive as soon as reasonably possible after the Scheduled Payment Date designated by you. You also authorize the Credit Union and its processing agents to credit your Payment Account for payments returned to the Credit Union by the United States Postal Service or Payee, or payments remitted to you on behalf of another authorized user of the Xxxx Pay Service. The Credit Union will use its best efforts to make all of your payments properly. However, the Credit Union shall incur no liability and any Service Guarantee shall be void if the Credit Union is unable to complete any payments initiated by you because of the existence of any one or more of the following circumstances: i. If, through no fault of the Credit Union, your Payment Account does not contain sufficient funds to complete the transaction or the transaction would exceed the credit limit of your overdraft account; ii. The payment processing center is not working properly and you know or have been advised by the Credit Union about the malfunction before you execute the transaction; iii. You have not provided the Credit Union with the correct Payment Account information, or the correct name, address, phone number, or account information for the Payee; and/or, iv. Circumstances beyond control of the Credit Union (such as, but not limited to, fire, flood, or interference from an outside force) prevent the proper execution of the transaction and the Credit Union has taken reasonable precautions to avoid those circumstances. Provided none of the foregoing exceptions are applicable, if the Credit Union causes an incorrect amount of funds to be removed from your Payment Account or causes funds from your Payment Account to be directed to a Payee which does not comply with your Payment Instructions, the Credit Union shall be responsible for returning the improperly transferred funds to your Payment Account, and for directing to the proper Payee any previously misdirected transactions, and, if applicable, for any late payment related charges.

Xxxx Payment Authorization and Payment Remittance. You represent and warrant that you are acting with full authority for the applying entity, and that you are duly authorized to execute this Agreement on behalf of the applying entity. By providing the Credit Union Xxxx Payment Service with names and account information of Payees Billers to whom you wish to direct payments, you authorize the Credit Union Xxxx Payment Service to follow the Payment Instructions that it receives through the payment system. In order to process payments more efficiently and effectively, the Credit Union Xxxx Payment Service may edit or alter payment data or data formats in accordance with Payee Xxxxxx directives. When the Credit Union Xxxx Payment Service receives a Payment Instruction, you authorize the Credit Union and its processing agents Xxxx Payment Service to debit your Payment Account and remit funds on your behalf so that the funds arrive as soon close as reasonably possible after to the Scheduled Payment Date designated by you. You also authorize the Credit Union and its processing agents Xxxx Payment Service to credit your Payment Account for payments returned to the Credit Union Xxxx Payment Service by the United States Postal Service or PayeeXxxxxx, or payments remitted to you on behalf of another authorized user of the Xxxx Pay Service. The Credit Union Xxxx Payment Service will use its best efforts to make all your payments properly. However, the Credit Union Xxxx Payment Service shall incur no liability and any Service Guarantee under Section C shall be void if the Credit Union Xxxx Payment Service is unable to complete any payments initiated by you because of the existence of any one or more of the following circumstances: i. If, through no fault of the Credit UnionXxxx Payment Service, your Payment Account does not contain sufficient funds to complete the transaction or the transaction would exceed the credit limit of your overdraft account; ii. The payment processing center is not working properly and you know or have been advised by the Credit Union or the Xxxx Payment Service about the malfunction before you execute the transaction; iii. You have not provided the Credit Union Xxxx Payment Service with the correct Payment Account information, or the correct name, ,address, phone number, or account information for the PayeeXxxxxx; and/or, iv. Circumstances beyond control of the Credit Union or the Xxxx Payment Service (such as, but not limited to, fire, flood, or interference from an outside force) prevent the proper execution of the transaction and the Credit Union has and the Xxxx Payment Service have taken reasonable precautions to avoid those circumstances. Provided none of the foregoing exceptions are applicable, if the Credit Union Xxxx Payment Service causes an incorrect amount of funds to be removed from your Payment Account or causes funds from your Payment Account to be directed to a Payee Xxxxxx which does not comply with your Payment Instructions, the Credit Union Xxxx Payment Service shall be responsible for returning the improperly transferred funds to your Payment Account, and for directing to the proper Payee Xxxxxx any previously misdirected transactions, and, if applicable, for any late payment related charges.