Callback Verification definition

Callback Verification means a verbal conversation with the purported Customer, using a Pre- Determined Telephone Number, to verify the identity of the Customer and the authenticity of a funds transfer request.
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Callback Verification means an outgoing telephone call placed by you to verify the identity and authority of your “accountholder,” your “accountholder’s” authorized representative, your “vendor” or your “employee” which:
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Examples of Callback Verification in a sentence

  • Such Fraudulent Instruction received and, if applicable, Callback Verification performed, must be either recorded, logged, or documented by the Insured or an Investment Adviser.

  • Signature of Authorized Account Signer Date (mm/dd/yyyy) Print Name Phone Number on Filefor Call-back Verification Note: Callback verification is required prior to processing the wire.

  • In the event that the Insured failed to perform the required Callback Verification for the transfer, payment or delivery of Money or Securities in excess of the Amount Over Which a Callback Verification is Required the Underwriter shall not be liable for any loss in excess of such amount.

  • Such Fraudulent Instruction received and, if applicable, Callback Verification performed, must be either recorded, logged, or documented by the Insured.

  • Pr[Bi' = 1] = 2 + ε and Pr[Bi' = 0] = 2 − ε.i=1Let m = E(Σq B') = q(1/2 + ε).

  • Solely with respect to the coverage provided by this Rider, the CONDITIONS AND LIMITATIONS, the section entitled DEFINITIONS is amended to add the following new definitions: Callback Verification means a verbal conversation using a Pre-Determined Telephone Number, or another pre- established commercially reasonable out of band verification procedure, to verify the identity of the Vendor or Employee and the authenticity of a Communication.

  • It is a condition precedent to coverage under this Insuring Agreement that prior to the Insured making payment, the Insured verified the authenticity and accuracy of the Communication received from a person or entity purporting to be a Vendor or Employee by performing a Callback Verification which must be recorded, logged, or otherwise documented by the Insured.

  • If the amount of credit extended exceeds $<callback threshold>, a Callback Verification by the Insured is a condition precedent to the Insured’s having relied on the faith of such Electronic Security.

  • PAYMENT FRAUD COVERAGEThe Insurer shall reimburse the Insured for loss of, or for loss from damage to, Money or Securities resulting from Payment Fraud; provided, however that, prior to any transfer, payment or delivery of Money or Securities, the Insured performs a Call-back Verification Procedure.

  • DEFINITIONS: Callback Verification means a verbal conversation with the purported customer of the Insured, using a Pre- Determined Telephone Number, to verify the identity of the customer and the authenticity of a request for extension of credit.

Related to Callback Verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Busy Line Verification (BLV means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.

  • Callback means the irregular or occasional overtime work performed by a Customs Officer either on a day when work was not regularly scheduled for that officer or which begins at least one hour after the end of the officer’s regularly-scheduled tour of duty and ends at least one hour before the begin- ning of the following regularly-sched- uled assignment and requires the offi- cer to return to a place of work.

  • STATUS VERIFICATION SYSTEM This “Status Verification System” requirement, also referred to as “E-Verify”, only applies to contracts issued through a Request for Proposal process and to sole sources that are included within a Request for Proposal.

  • Verification system means the system maintained by the department under section 19-24.1-31 for verification of registry identification cards.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Acceptance Testing mean the tests, reviews and other activities that are performed by or on behalf of Agency to determine whether the Deliverables meet the Acceptance Criteria or otherwise satisfy the Agency, as determined by the Agency in its sole discretion.

  • Verification Report As defined in Section 4.19.

  • Acceptance Tests means those tests performed during the Performance Period which are intended to determine compliance of Equipment and Software with the specifications and all other Attachments incorporated herein by reference and to determine the reliability of the Equipment.

  • Acceptance Test is a test of the Features executed by the Customer to prepare the acceptance.

  • NOC means Network and Support Operating Centre.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Root Cause Analysis means a method of problem solving designed to identify the underlying causes of a problem. The focus of a root cause analysis is on systems, processes, and outcomes that require change to reduce the risk of harm.

  • Problem means an unknown underlying cause of one or more Incidents. It becomes a Known Error when the root cause is known and a temporary workaround or permanent alternative has been identified.

  • Helpdesk Support means the 24x7x365 centre which shall handle Fault reporting, Trouble Ticketing and related enquiries during this contract.

  • Recalibration means the adjustment of all DRG weights to reflect changes in relative resource consumption.

  • Calling Name Delivery Service (CNDS means a service that enables a terminating End User to identify the calling Party by a displayed name before a call is answered. The calling Party’s name is retrieved from a calling name database and delivered to the End User’s premise between the first and second ring for display on compatible End User premises equipment.

  • Outage has the meaning set forth in the CAISO Tariff.

  • Testing means that element of inspection that determines the properties or elements, including functional operation of materials, equipment, or their components, by the application of established scientific principles and procedures.

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • Help Desk means the contact point established by Project Co in respect of the Help Desk Services for the notification of Demand Requisitions, the occurrence of Events and other matters arising in relation to the provision of Services;

  • Commissioning means the process for determining the need for and for obtaining the supply of healthcare and related services by the Trust within available resources.

  • Batch means a specific quantity of Product that is intended to have uniform character and quality, within specified limits, and is produced according to a single manufacturing order during the same cycle of manufacture.