Remote Deposit Service definition
Examples of Remote Deposit Service in a sentence
Customer understands and agrees that it is solely responsible for the operation, maintenance, and updating of all equipment, software, and services used in connection with the Remote Deposit Service and the cost thereof, and you hereby agree that it will perform or cause to be performed, all vendor recommended maintenance, repairs, upgrades, and replacements, and such performance shall be rendered by properly trained personnel, whether they are your employees or third- party employees.
You understand and agree that you may also incur, and shall pay, any and all expenses related to the use of the Remote Deposit Service, including, but not limited to, telephone service, mobile telephone service, or internet service charges.
You shall be solely responsible for obtaining and properly maintaining its equipment and system requirements, its electrical services, and telephone system, including computer equipment, Internet connectivity, scanning terminals (unless contracted with Bank), and any other equipment or items necessary to receive the Remote Deposit Service.
You agree to hold confidential, and to use only in connection with the Remote Deposit Service, all information furnished to you by Bank or by third parties from whom Bank has secured the right to use the Remote Deposit Service, including, but not limited to, Bank's product and service pricing structure, system design, programming techniques, or other unique techniques.
Subject to the terms, provisions, and conditions of this Agreement, Bank shall provide the Remote Deposit Service to Customer, which allows Customer to make deposits to Customer's deposit accounts listed in the Appendix attached hereto and made a part hereof from Customer's location by scanning checks on a desktop scanner and delivering the images and information required hereby to Bank or Bank's designated processor ("Processor").