Electronic Presentment/Posting Sample Clauses
The Electronic Presentment/Posting clause defines how documents, notices, or payments can be delivered or made available electronically rather than in physical form. In practice, this means that parties may use email, secure online portals, or other digital systems to send invoices, statements, or official communications, and such electronic delivery is considered legally effective. This clause streamlines administrative processes, reduces reliance on paper, and ensures timely receipt and acknowledgment of important documents, thereby increasing efficiency and reducing the risk of lost or delayed communications.
Electronic Presentment/Posting. We may charge your account on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. We may charge your account or place a hold on funds at an earlier time if we receive notice that a check or other item deposited to your account is being returned, or if we receive notice that your check or electronic payment (e.g., at a point-of-sale) is being processed for collection.
Electronic Presentment/Posting. We may charge your account on the day that a check or other transaction is presented (or returned) to us directly or electronically for payment. We may charge your account or place a hold on funds at an earlier time if we receive notice that a check or other item deposited to your account is being returned or if we receive notice that your check or electronic payment (e.g., in connection with a point-of-sale) is being processed for collection. Please note: Some merchants may obtain authorizations in advance for point-of-sale transactions in an amount greater than the final transaction amount. You agree that we may place a hold on sufficient funds to cover the amount of the authorized transaction, pending its final settlement through the payment system, even if that amount exceeds the actual amount of the transaction. This action could affect the balance available to cover other transactions.
Electronic Presentment/Posting. We may charge your Account on the day that a Check or other transaction is presented (or returned) to us directly or electronically for payment. We also may charge your Account or place a Hold on funds at an earlier time if we receive notice that an Item or transaction has been deposited for collection in another institution or is being processed against your Account by a merchant (e.g., at a point-of-sale terminal). Please note: Some merchants may obtain authorizations in advance for point-of- sale transactions in an amount greater than the final transaction amount. This could affect your Account’s Available Balance and the ability to cover other transactions.
Electronic Presentment/Posting. We may charge your account on the day that a check
Electronic Presentment/Posting. We may charge your account on the day that a transaction is presented (or returned) to us directly or electronically for payment. We may also charge your account or place a hold on funds at an earlier time if we receive notice that an item or transaction has been deposited for collection in another institution or is being processed against your account by a merchant (e.g., at a point-of- sale terminal). In that regard, you should understand that some merchants may obtain authorizations in advance for point-of-sale transactions in an amount greater than the final transaction amount. This could affect the balance available in your account to cover other transactions. We are not responsible for damages or wrongful dishonor if any item is not paid because of insufficient funds resulting from these procedures.