Common use of Xxxxx Payment Service Clause in Contracts

Xxxxx Payment Service. We have joined with the Zelle Network® (“Zelle®”) to provide a convenient way to transfer money between you and other Users using aliases, such as email addresses or mobile phone numbers. Zelle® provides no deposit account or other financial services. Zelle® neither transfers nor moves money. You may not establish a financial account with Zelle® of any kind. All money will be transmitted by a Network Financial Institution. The Zelle® Payment Service allows for the delivery of payments to Users who are also enrolled in the Zelle® Payment Service through a Payment Network designed to deliver payments on the same day and potentially within minutes, although actual speed will vary, as described below. Zelle® payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies of each financial institution and Payment Network availability. Please note that when you make a Zelle® payment your Eligible Account must have a sufficient available balance to cover the payment at the time the Zelle® Payment Service attempts to execute the payment. The Zelle® Payment Service will not draw on any overdraft protection funding account that may be linked to your Eligible Account, so if your Eligible Account lacks a sufficient available balance to cover a Zelle® payment at the time the Zelle® Payment Service attempts to execute the payment, the payment may be rejected. However, once the Zelle® Payment Service successfully executes a Zelle® payment based on sufficient available funds at that time, it is possible that the payment may overdraw your Eligible Account or draw funds from a linked overdraft protection funding account in nightly transaction processing for the Eligible Account depending on the number and amount of additional items that are presented against the Eligible Account in nightly transaction processing.

Xxxxx Payment Service. We have joined with the Zelle Network® Network (“Zelle®”) to provide a convenient way to transfer money between you and other Users using aliases, such as email addresses or mobile phone numbers. Zelle® Zelle provides no deposit account or other financial services. Zelle® Xxxxx neither transfers nor moves money. You may not establish a financial account with Zelle® Xxxxx of any kind. All money will be transmitted by a Network Financial Institution. The Zelle® Zelle Payment Service allows for the delivery of payments to Users who are also enrolled in the Zelle® Zelle Payment Service through a Payment Network designed to deliver payments on the same day and potentially within minutes, although actual speed will vary, as described below. Zelle® Zelle payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies of each financial institution and Payment Network availability. Please note that when you make a Zelle® Zelle payment your Eligible Account must have a sufficient available balance to cover the payment at the time the Zelle® Zelle Payment Service attempts to execute the payment. The Zelle® Zelle Payment Service will not draw on any overdraft protection funding account that may be linked to your Eligible Account, so if your Eligible Account lacks a sufficient available balance to cover a Zelle® Zelle payment at the time the Zelle® Zelle Payment Service attempts to execute the payment, the payment may be rejected. However, once the Zelle® Zelle Payment Service successfully executes a Zelle® Zelle payment based on sufficient available funds at that time, it is possible that the payment may overdraw your Eligible Account or draw funds from a linked overdraft protection funding account in nightly transaction processing for the Eligible Account depending on the number and amount of additional items that are presented against the Eligible Account in nightly transaction processing.

Xxxxx Payment Service. We have joined with Using the Zelle Network® (“Payment Service, you may initiate a one-time Payment Instruction to a Receiver for which processing shall be initiated immediately via Zelle®”) to provide a convenient way to transfer money between you and other Users using aliases, such as email addresses or mobile phone numbers. Zelle® provides no deposit account or other financial services. Zelle® neither transfers nor moves money. You may not establish a financial account with Zelle® of any kind. All money will be transmitted by a Network Financial Institution. The Zelle® Zelle Payment Service allows for the delivery of payments to Users be delivered to a Receiver who are is also enrolled in the Zelle® Zelle Payment Service through a Payment Network designed to delivery payments on the same day and potentially within minutes. Not all Payment Networks participate in the Zelle Payment Service. The Zelle Payment Service is not instantaneous but is designed to deliver payments on the same day and potentially within minutes, although actual speed will vary, as described below. Zelle® payments are not instantaneous. Payment delivery speed may vary based upon the fraud, risk, and other funds availability policies policy of each financial institution and Payment Network availability. Please note that when Payment Instructions initiated to Receivers require you make to provide contact information about the Receiver (including an email address and/or mobile telephone number). If the Receiver does not bank at a Network Financial Institution and has not yet enrolled in Zelle® payment your Eligible Account must have a sufficient available balance to cover , then the payment at the time the Zelle® Payment Service attempts to execute the payment. The Zelle® Zelle Payment Service will contact the Receiver and request that the Receiver (i) provide information so that the identity of the Receiver may be validated using the Zelle mobile handset application, and then (ii) provide Eligible Transaction Account information in order to complete the Payment Instruction (a "Two-Step Transfer"). If the Receiver maintains an Eligible Transaction Account with a Network Financial Institution and has not draw on any overdraft protection funding account yet enrolled in Zelle, then the Zelle Payment Service will contact the Receiver regarding enrollment in Zelle and receipt of payment. If the Receiver has already enrolled in Zelle, then the Receiver will receive a message regarding your payment. We are not responsible for the performance, speed, or other acts or omissions of the Payment Networks that may be linked involved in the transmission of a payment. We shall not be obligated to your Eligible Accountcomply with the National Automated Clearinghouse Association Rules in such recovery efforts or otherwise in connection with Zelle and Other Payment Services. We are only responsible for delivery of the applicable Payment Instructions to the applicable Payment Network in the format required by such Payment Network’s specifications. We will choose the Payment Networks in which we will participate in our sole discretion. When a Sender initiates a Payment Instruction, so the Receiver is not required to accept the payment if your Eligible Account lacks the Receiver has not enrolled in Zelle. You agree that you as a sufficient available balance Sender will not hold us or Zelle liable for any damages resulting from a Receiver’s decision not to cover a enroll in Zelle® payment at . When you are sending (or receiving) money to or from another User using the time the Zelle® Zelle Payment Service attempts to execute the paymentService, there are circumstances when the payment may be rejectedtake longer. HoweverFor example, once in order to protect you, us, Zelle and the other Network Financial Institutions, we may need additional time to verify your identity or the identity of the person receiving the money. If you are sending money to someone who has not enrolled as a User with either Zelle or a Network Financial Institution, they will receive a text or email notification instructing them on how to enroll to receive the money. We may also delay or block the transfer to prevent fraud or to meet our regulatory obligations. If a person to whom you are sending money is not enrolled as a User or fails to enroll with Zelle® Payment Service successfully executes a Zelle® , or otherwise ignores the payment based on sufficient available funds at that timenotification, it is possible that then the payment may overdraw not occur. The money may also be delayed or the transfer may be blocked to prevent fraud or to comply with regulatory requirements. If we delay or block a payment that you have initiated, we will notify you in accordance with your Eligible Account User preferences (i.e., email, push notification). We have no control over the actions of other Users, other Network Financial Institutions or draw funds other financial institutions that could delay or prevent your money from a linked overdraft protection funding account in nightly transaction processing for being delivered to the Eligible Account depending on the number and amount of additional items that are presented against the Eligible Account in nightly transaction processingintended User.