EChecks Sample Clauses

EChecks. The Contractor shall provide a method for the acceptance of eChecks and provide processes that: i. allow eChecks to be scheduled up to thirty (30) Calendar Days in advance; ii. minimize the number of returns; iii. allow Participants at a Participant-Level to decide whether to reject or accept eChecks from Customers with a bank account that has exceeded a predetermined limit of NSFs (this is accomplished by the Contractor creating a Negative Database iv. provide a real-time verification for duplicate eChecks by verifying at a minimum the check number, payment date, transaction amount, and account number; and v. at the rate set forth in Attachment 3, Price Response, includes services for eCheck Guarantee or Early Warning Service, which may be utilized at the Participant’s discretion. eCheck Guarantee provides a guarantee on all eChecks processed, shifting the liability for returns to the Contractor. Early Warning Services provide real-time verification of bank account numbers for accounts held with participating banks.