CONDUCTING TRANSACTIONS Clause Samples
The 'conducting-transactions' clause defines the rules and procedures for how parties are to carry out business dealings or exchanges under the agreement. It typically outlines acceptable methods of communication, payment processes, and any required documentation or approvals needed to complete a transaction. By establishing clear guidelines for conducting transactions, this clause helps prevent misunderstandings and disputes, ensuring that all parties follow a consistent and agreed-upon process.
POPULAR SAMPLE Copied 1 times
CONDUCTING TRANSACTIONS. 1. The parties shall exchange electronic transactions, which may include claim submissions, eligibility requests, claims status, authorizations, remittance advice, and/or electronic funds transfer. Trading Partner shall conform transactions to the applicable Blue Shield Companion Guide. Blue Shield may modify its Companion Guides at any time without amending this Agreement.
2. Blue Shield may reject any transaction that does not conform to the applicable transaction Companion Guide and HIPAA compliance edits.
3. Trading Partner and Blue Shield shall cooperate in testing the exchange of transactions, as Blue Shield deems appropriate. Testing will be designed to ensure the accuracy, timeliness, completeness, and security of each data transmission.
4. Each party shall take reasonable care to ensure information in each electronic transaction is timely, complete, accurate, and secure.
5. A party that receives from the other party a transaction not intended for the recipient shall immediately notify the other party to arrange for the return or destruction of the transaction, as the other party directs. A party that has evidence of a lost or indecipherable data transaction from or to the other party, shall immediately notify the other party to arrange for retransmission of the transaction.
6. Each party is responsible for all costs, charges, or fees it may incur by transmitting electronic transactions to, or receiving electronic transactions from, the other party.
7. Blue Shield will not send Trading Partner a health care provider’s electronic remittance advice (ERA-835) unless (a) Trading Partner is the health care provider or (b) Trading Partner is named in a “Provider Authorization Form” as an authorized recipient of the health care provider’s electronic remittance advice.
8. Blue Shield will only make electronic funds transfers to an authorized financial institution.
CONDUCTING TRANSACTIONS. The presentation of your card, and, if required, the entry of your PIN constitutes authorization to the Credit Union to conduct transactions. You agree to follow the instructions posted for use of the ATMs and POS terminals accessible by your card. These instructions will be considered part of the Agreement. You agree not to make transactions that would overdraw any account. If, by mistake, you are permitted to conduct a transaction that you should not have been allowed to make, we may charge the amount involved to an account with available funds, engage Courtesy Pay Overdraft if applicable, or otherwise hold you liable. When a PIN is required, you cannot make transactions without the entry of your correct PIN. Entries of an incorrect PIN may result in your card being retained in an ATM. ILLEGAL TRANSACTIONS PROHIBITED: Your card may not be used to initiate any type of illegal gambling transaction or complete illegal transactions. It is your responsibility to use the card only for valid and lawful purposes. If you use the card for any other purpose or transaction, including without limitation unlawful gambling activities, (herein called a “Prohibited Activity”), you must promptly reimburse Christian Financial Credit Union and Visa International Incorporated for all amounts or expenses either Christian Financial or Visa pays as a result of such use. Cardholder agrees that all transactions that are initiated by use of the card shall be legal in the jurisdiction where the cardholder lives and/or the transaction occurred. Internet gambling may be illegal in the jurisdiction in which cardholder is located, including the United States. Display of a payment card logo by an on-line merchant does not mean that Internet transactions are legal in the jurisdiction in which cardholder is located. Issuer shall decline to authorize any transaction issuer believes poses an undue risk of illegality or unlawfulness. Card transactions for any Prohibited Activity made by or for the benefit of you shall be considered authorized by you, and you assume all responsibility and liability for all losses, costs and expenses you incur as a result of such use. If we receive actual knowledge that you are processing restricted transactions, the account will be closed. FOREIGN TRANSACTIONS/EXCHANGE: If you effect an international transaction with your Visa Debit Card in a currency other than U.S. dollars, Visa will convert the charge into U.S. dollars. Visa charges an International Servic...
CONDUCTING TRANSACTIONS