Common use of ACH PROCESSING Clause in Contracts

ACH PROCESSING. You may only submit ACH Entries through the Site or Mobile App and you authorize us to honor, accept, execute, and initiate any ACH transactions that you request using the Site or Mobile App, subject to the security procedures hosted at xxxxx://xxx.xxxxxxx.xxx/legal/tos, and as otherwise communicated to you specifically. You agree to comply with Section 1(B) of this Agreement and the security procedures for using the Site or Mobile App in connection with initiating ACH transactions and you acknowledge that such security procedures are acceptable and a commercially reasonable method of providing security against unauthorized Entries. We reserve the right to change the procedures by which you make debits and credits from time to time as we deem reasonable or necessary to provide the ACH payment services to you, or to conform with changes in NACHA Rules or other events beyond our control that affect the manner in which we provide the ACH payment services to you. You agree you will only initiate Entries for Standard Entry Class (“SEC”) Codes that have been specifically approved by us in this Agreement or otherwise in writing. We may restrict or amend these approved SEC Codes from time to time in writing. You shall have no right to cancel, reverse, or amend any Entry after we receive it. However, we may use reasonable efforts to act your request for cancellation, reversal, or amendment of any Entry or File prior to transmitting it to the ACH Operator, provided such request complies with the security procedures and other requirements, but we shall have no liability if such cancellation, reversal, or amendment is not effected. Your request must include the reason for the cancellation, reversal, or amendment. You agree to indemnify us in connection with any such request and you will reimburse us for any expenses, losses, or damages that we incur in effecting or attempting to effect the cancellation, reversal, or amendment request.