Payment Auto-Release Confirmation by File-Based Authentication Sample Clauses

Payment Auto-Release Confirmation by File-Based Authentication. If you choose to use the file-based authentication method, then upon our receipt of your payment file, we will send you a confirmation file and automatically release your payment file without any additional intervention required by you. If there are errors in the payment file that prevent us from releasing the payment, you will see the errors noted in the confirmation file that we send to you. You understand that this auto-release functionality requires us to rely entirely upon the information provided by you in the initial payment file that you send to us. As such, you agree to hold Fifth Third Bank harmless for any losses incurred as a result of our reliance upon the information and details as provided by you in the payment file. For avoidance of doubt, this does not relinquish Fifth Third Bank from responsibility for losses incurred as a result of Bank not accurately submitting payment as detailed in the payment file. Should you wish to discontinue use of the auto-release functionality, you can contact your relationship team at any time.