Common use of Back-End Processing Clause in Contracts

Back-End Processing. Each Business Day, the Service Provider will consolidate all of the payments made through the Electronic ▇▇▇▇ Payment System. Several editing functions check that payment information is correct before remittance is made to the appropriate Payees on behalf of the End Users. The Service Provider then remits the proper funds to all appropriate Payees either electronically, or by check if the Payee is not able to accept electronic remittances. All checks will be mailed using the U. S. Postal Service, first-class mail. The Service Provider will remit credit to Payees the next Business Day after the End User submits request for payment (as stated above for current, future and recurring payments). The average length of time from End User payment request and receipt of payment by Payee may be up to be five (5) Business Days for check payments (subject to delivery by U.S. Postal Service) and three (3) Business Days for electronic payments (subject to the rules and performance of the electronic transmission service provider).