Common use of Authorization and Security Procedure Clause in Contracts

Authorization and Security Procedure. We have established operating rules and security procedures for you to initiate and receive funds transfers to or from your account(s). If we receive a payment order (or related request) in accordance with our security procedure, it shall be conclusively deemed authentic and we shall be entitled to rely thereon. You are responsible for the accuracy of the initial communication of the payment order as well as the accuracy of any documentation or callback of the payment order made by us.