Common use of CODES AND PASSWORDS Clause in Contracts

CODES AND PASSWORDS. We will provide you a secured e-mail with your login information. You must immediately change your temporary Password the first time you log into the Site. Thereafter, you may change your Password at your convenience and discretion for enhanced security, and you are encouraged to do so periodically. . You are encouraged to institute procedures requiring that passwords be changed periodically. In addition, we may provide, or we may ask you (or, if you are not a Consumer, your Users) to provide, additional Codes for security purposes. You agree that the combination of Codes and Passwords constitutes a reasonable security procedure, and we are conclusively entitled to rely on, and act in accordance with, any inquiry, message, or instruction transmitted electronically using your Code and Password or (if you are not a Consumer) the Codes and Password of you and your CSA or User, which will constitute conclusive evidence that such inquiry, message or instruction is correct and has been duly authorized by you. Since the Services may be accessed from remote locations, such inquiry, message, or instruction will be deemed to be authorized by you regardless of where that transmission originates. However, we may, in our sole and arbitrary discretion, refrain from responding to, relying on, or acting in accordance with, any such inquiry, message or instruction if we believe that such inquiry, message, or instruction may not actually have been authorized by you or there may have occurred a security breach with respect thereto.

Appears in 3 contracts

Sources: Terms and Conditions, Terms and Conditions, Terms and Conditions for Online Banking