Common use of Bank Internal Programs Clause in Contracts

Bank Internal Programs. Customer acknowledges that Bank may apply software and other programs and processes to screen certain transactions for further review and verification by Customer. Customer acknowledges that the benefit of additional verification outweighs the potential delays associated with these programs and processes until Bank obtains such verification. These programs should not be relied upon by Customer as a substitute for careful monitoring and control over its transactions.

Bank Internal Programs. Customer acknowledges that Bank may may, in its discretion, apply software and other programs and processes including to screen certain transactions for further review and verification by Customer. Customer acknowledges that the benefit of additional verification outweighs the potential delays associated with these programs and processes until Bank obtains such verification. These programs should do not impose any obligation on Bank and cannot be relied upon by Customer as a substitute for careful monitoring and control over its transactions.