Fraud Prevention Services Clause Samples
The Fraud Prevention Services clause outlines the measures and responsibilities related to detecting, preventing, and responding to fraudulent activities within the scope of an agreement. Typically, this clause specifies the types of fraud monitoring tools or procedures that must be implemented, such as transaction monitoring, identity verification, or regular audits. Its core function is to protect both parties from financial loss and reputational harm by establishing clear expectations and protocols for minimizing the risk of fraud.
Fraud Prevention Services. TURSS offers several fraud prevention services that evaluate inquiry input elements against other input elements and/or against proprietary databases, to identify potential discrepancies and/or inaccuracies. Fraud prevention service messages may be delivered with Consumer Report Information as a convenience, but are not part of a consumer’s file nor are they intended to be consumer reports. In the event Subscriber obtains any fraud prevention services from TURSS in conjunction with Consumer Report Information or as a standalone service, Subscriber shall not use the fraud prevention services, in whole or in part, as a factor in establishing an individual’s creditworthiness or eligibility for credit or insurance, or employment, nor for any other purposes under the FCRA. Moreover, Subscriber shall not take any adverse action, which is based in whole or in part on the fraud prevention services, against any consumer. As a result of information obtained from the fraud prevention services, it is understood that Subscriber may choose to obtain additional information from one or more additional independent sources. Any action or decision as to any individual which is taken or made by Subscriber based solely on such additional information obtained from such additional independent source(s) shall not be deemed prohibited by this paragraph.
Fraud Prevention Services. Except for consumer electronic fund transfers subject to Regulation E, you agree that if we offer you services appropriate for your account to help identify and limit fraud or other unauthorized transactions against your account, and you reject those services, you will be responsible for any fraudulent or unauthorized transactions which would have been prevented by the services we offered. You will not be responsible for such transaction if we acted in bad faith or to the extent our negligence contributed to the loss.
a. Rate Information. See the current rate sheet that is available upon request or on ▇▇▇.▇▇▇. The dividend rate and Annual Percentage Yield on your account may change at any time. At the direction of this credit union’s Board of Directors, the dividend rate may change, without limitation, to a maximum or minimum level. The Annual Percentage Yield is a percentage rate that reflects the total amount of dividends to be paid on an account based on the dividend rate and frequency of compounding for an annual period. Fees may reduce earnings.
Fraud Prevention Services. We may share your personal information, including your payment transactions and activities on the REPUBLICAN SINGLES Services, with Third-Party partners for security and fraud prevention purposes.