Common use of Passcode Clause in Contracts

Passcode. When a User conducts certain transactions through, or changes certain information on, ATB Business, the User may be prompted to enter a MFA passcode in order to authenticate that transaction or change. That MFA passcode may be sent by automated phone call, email or text message, or any other method to the telephone number or Device selected by the User. Text messages may be sent to a mobile device and may be subject to charges in accordance with the terms of the mobile device plan. The Client acknowledges that, subject to Workflow Approval Requirements, levels of access or transaction limits that may be established by the Client or ATB Financial from time to time, the User will not be able to complete the transaction or effect the change unless the applicable passcode is entered correctly. ATB Financial is not responsible in any way for any Damages suffered by the Client if a User cannot access ATB Business due to the authentication requirements.