Common use of Additional Warranties by CUSTOMER Regarding RCK Transactions Clause in Contracts

Additional Warranties by CUSTOMER Regarding RCK Transactions. CUSTOMER represents and warrants that all requirements in the Rules and applicable Laws and applicable ODFI and Agency requirements for obtaining RCK transaction information and for processing same have been met. CUSTOMER represents and warrants that a notice has been provided to Check Writers, which adequately and completely informs each that any checks returned as “NSF” may be collected electronically. CUSTOMER warrants that this notice is made available to each Check Writer through either a sign at the point of sale, on the receipt issued at time of sale, or on a separate piece of paper provided at the time the Check Writer authorizes the transaction. CUSTOMER further warrants that the information procured by CUSTOMER has not been altered or tampered with, and is in all ways sufficient and appropriate for ACH processing. CUSTOMER shall inform PROCESSOR immediately if it believes the transaction data or any other necessary information has been compromised or altered. CUSTOMER warrants that all transactions submitted to PROCESSOR are acceptable transactions as defined by the terms and conditions of this Agreement, the Operating Guide, the Rules, applicable Law, and applicable ODFI and Agency requirements. CUSTOMER warrants that it has access to all RCK transaction information so as to be in compliance with any statutory requirements.

Additional Warranties by CUSTOMER Regarding RCK Transactions. CUSTOMER represents and warrants that all requirements in the Rules and applicable Laws and applicable ODFI and Agency requirements for obtaining RCK transaction information and for processing same have been met. CUSTOMER represents and warrants that a notice has been provided to Check Writers, which adequately and completely informs each that any checks returned as “NSF” may be collected electronically. CUSTOMER warrants that this notice is made available to each Check Writer through either a sign at the point of sale, on the receipt issued at time of sale, or on a separate piece of paper provided at the time the Check Writer authorizes the transaction. CUSTOMER further warrants that the information procured by CUSTOMER has not been altered or tampered with, with and is in all ways sufficient and appropriate for ACH processing. CUSTOMER shall inform PROCESSOR immediately if it believes the transaction data or any other necessary information has been compromised or altered. CUSTOMER warrants that all transactions submitted to PROCESSOR are acceptable transactions as defined by the terms and conditions of this Agreement, the Operating Guide, the Rules, applicable Law, and applicable ODFI and Agency requirements. CUSTOMER warrants that it has access to all RCK transaction information so as to be in compliance with any statutory requirements.