Commercially Reasonable Security Procedures. WHEN YOU ACCEPT THIS AGREEMENT AND USE THE SERVICE, YOU ACKNOWLEDGE AND AGREE THAT THE SERVICE INCLUDES SECURITY MEASURES WHICH ARE COMMERCIALLY REASONABLE. YOU AGREE TO BE BOUND BY OUR SECURITY PROCEDURES AND INSTRUCTIONS, WHICH MAY BE PERIODICALLY UPDATED. YOU AGREE TO REVIEW AND IMPLEMENT ALL SECURITY PROCEDURES AVAILABLE IN CONNECTION WITH THE INTERNET BANKING SERVICE, INCLUDING PROCEDURES TO PROTECT THE CONFIDENTIALITY OF YOUR ACCESS ID AND PASSCODE AND THE SAME FOR YOUR AUTHORIZED USERS. YOU AGREE TO NOTIFY THIS FINANCIAL INSTITUTION IN THE EVENT THAT YOUR USE OF THE INTERNET BANKING SERVICE WOULD NECESSITATE OR BE BETTER SERVED BY A LEVEL OF SECURITY THAT EXCEEDS THAT OFFERED BY THE INTERNET BANKING SERVICE. IF YOU FAIL TO NOTIFY THIS FINANCIAL INSTITUTION, YOU ACKNOWLEDGE AND AGREE THAT THE SECURITY ASPECTS OF THE INTERNET BANKING SERVICE ARE APPROPRIATE FOR YOUR NEEDS AND WILL PROVIDE YOU WITH A COMMERCIALLY REASONABLE DEGREE OF SECURITY AGAINST UNAUTHORIZED USE.
Commercially Reasonable Security Procedures. Customer will use the System, Services, and Software in accordance with the terms of this Agreement, including any Security Procedures offered and implemented by Bank in connection with the Services and as may be set forth in the applicable Product Enrollment form and Assignment of Security Procedures. Customer has reviewed the Security Procedures offered and recommended by Bank and agrees that such Security Procedures are commercially reasonable and suitable for Customer with respect to authentication of Customer’s Payment Orders and other Instructions based upon Customer’s intended use of the Services as communicated to Bank, including the size, type, frequency and volume of Customer’s Payment Orders. The Security Procedures are designed to verify the authenticity of, not to detect errors in, Customer’s Payment Orders and other Instructions, and Bank has no obligation to detect errors in Customer’s Payment Orders and other Instructions. Any Payment Orders or other Instructions communicated to Bank in Customer’s name in compliance with the Security Procedures, and all access to and use of Channels and other Services using the Security Procedures assigned to Customer, are considered authorized by Customer and enforceable under the terms of this Agreement if accepted by Bank in good faith. Customer agrees that failure by Bank to use or comply with any Security Procedure shall not excuse Customer from its obligation to pay Bank the amount of any Payment Order made or authorized by the Customer or for which Customer is otherwise liable. Bank may implement different or additional Security Procedures for use by Customer from time to time upon notice to Customer, and Customer’s continued use of the Services and implementation of those additional Security Procedures shall be Customer’s agreement to such Security Procedures. Unless expressly stated otherwise in the Documentation, Bank will have no obligations under the Security Procedures and Customer agrees that failure by Bank to use any Security Procedures shall not excuse Customer from its obligation to pay Bank for the amount of any Payment Order made or authorized by Customer or for which Customer is otherwise liable.
Commercially Reasonable Security Procedures. When you accept this Agreement and use the Service, you acknowledge and agree that the Service includes security measures which are commercially reasonable. You agree to be bound by our security procedures and instructions, which may be periodically updated. You agree to review and implement all security procedures available in connection with the Internet Banking Service, including procedures to protect the confidentiality of your Access ID and Passcode and the same for your Authorized Users. You agree to notify this Financial Institution in the event that your use of the Internet Banking Service would necessitate or be better served by a level of security that exceeds that offered by the Internet Banking Service. If you fail to notify this Financial Institution, you acknowledge and agree that the security aspects of the Internet Banking Service are appropriate for your needs and will provide you with a commercially reasonable degree of security against unauthorized use.
Commercially Reasonable Security Procedures. You acknowledge that you have reviewed the Security Procedures offered by us, that such Security Procedures are commercially reasonable and that in selecting one or more Security Procedures or requesting that all or any part of a Security Procedure be curtailed, deactivated or otherwise modified, you have elected not to use other commercially reasonable procedures.
Commercially Reasonable Security Procedures. Company agrees that the use of the Security Codes that F&M BANK has established for each Online Service constitutes a commercially reasonable security procedure for Company. Company agrees to be bound by all requests, communications, or other instructions to F&M BANK that are initiated using this security procedure (including any transfer requests, payment requests, stop payment orders and, if applicable, payment orders and requests for cancellation or amendment of payment orders for ACH entries and wire transfers), regardless of whether or not Company or any Authorized User actually authorized the instruction. If any instruction initiated through an Online Service and accepted by F&M BANK in compliance with this security procedure contains any error, to the full extent allowed by law Company shall be liable for, and shall indemnify F&M BANK against any claims, losses and expenses F&M BANK may incur that arise from or relate to the erroneous instructions. F&M BANK’s records demonstrating compliance with this security procedure will be deemed conclusive proof that the payment order received by F&M BANK was authorized and that Company is bound by those instructions. ONLINE FUNDS TRANSFER SERVICES Upon Company’s submission of a request for the Online Funds Transfer Service and the approval of the Implementation Form for this Service, or upon its use of the Service, whichever occurs first, Company agrees:
Commercially Reasonable Security Procedures. The authenticity of payment orders issued in your name as sender may be verified by our security procedures including those described herein and in relevant Service Terms (“Security Procedures”). Our Security Procedures are subject to change in our discretion from time to time and may include the following: (i)
Commercially Reasonable Security Procedures. Customer will use the Channels, other Services, and Software in accordance with the terms of the Agreement, including any Security Procedures offered and implemented by Bank in connection with the Services and as may be set forth in the applicable Operational Instructions. Customer has reviewed the Security Procedures offered and recommended by Bank and agrees that such Security Procedures are commercially reasonable and suitable for Customer with respect to authentication of Customer’s Payment Orders and other Instructions based upon Customer’s intended use of the Services as communicated to Bank, including the size, type, and frequency of Customer’s Payment Orders. The Security Procedures are designed to verify the authenticity of, not to detect errors in, Customer’s Payment Orders and other Instructions, and Bank has no obligation to detect errors in Customer’s Payment Orders and other Instructions. Any Payment Orders or other Instructions communicated to Bank in Customer’s name in compliance with the Security Procedures, and all access to and use of Channels and other Services using the Security Procedures assigned to Customer, are considered authorized by Customer and enforceable under the terms of the Agreement if accepted by Bank in good faith. Customer agrees that failure by Bank to use or comply with any Security Procedure shall not excuse Customer from its obligation to pay Bank the amount of any Payment Order made or authorized by the Customer or for which Customer is otherwise liable. Bank may implement different or additional Security Procedures for use by Customer from time to time upon notice to Customer, and Customer’s continued use of the Services and implementation of those additional Security Procedures shall be Customer’s agreement to such Security Procedures.
