Common use of Processing Procedures Clause in Contracts

Processing Procedures. Customer agrees to comply with all processing and operating procedures set forth in any User Guide. Without limiting the foregoing, Customer agrees to adhere to the following minimum procedures: i. Checks deposited into an RDC Account must be payable to Customer, unless Customer and Bank have entered into a separate written agreement that authorizes Customer to deposit third-party checks. Customer shall properly endorse all checks using a Bank-approved endorsement stamp prior to imaging. Endorsements shall be placed in black or dark ink on the back of each check, within the area designated by the Federal Reserve Board’s Regulation CC, 12 C.F.R. Part 229. ii. Customer must properly scan and transmit all information from the front and back of the original check. The RDC Service will reject any items received from Customer that cannot be processed by Bank or its designated processor due to image or MICR quality concerns. Customer agrees to be available to rescan or otherwise present original checks for those items that cannot be processed due to image, MICR or other quality concerns. iii. Customer may create, approve and submit deposits up to the Bank-established cut-off time. Customer understands and agrees that any deposit not submitted by Customer prior to the Bank-established cut-off time will be considered received by Bank on the next Business Day following Customer approval. iv. Only United States dollar-denominated checks drawn on United States banks may be deposited via the RDC Services. Bank assumes no responsibility for any check drawn on a non-United States bank or checks payable in any currency other than United States dollars (“non- conforming items”) that are deposited via the RDC Service, and Customer shall indemnify Bank for any Losses suffered by Bank as a result of processing any non-conforming item.

Processing Procedures. Customer agrees to comply with all processing and operating procedures set forth in any User Guide. Bank shall have the sole right to audit and quality assure the Customer’s process on an on-going basis at the Customer’s principal business location during reasonable business hours to confirm Customer’s compliance with the provisions of this Agreement. Without limiting the foregoing, Customer agrees to adhere to the following minimum procedures: i. 1. Checks deposited into an RDC Account must be payable to Customer, unless Customer and Bank have entered into a separate written agreement that authorizes Customer to deposit third-party checks. Customer shall properly endorse all checks using a Bank-Bank- approved endorsement stamp prior to imaging. Endorsements shall be placed in black or dark ink on the back of each check, within the area designated by the Federal Reserve Board’s Regulation CC, 12 C.F.R. Part 229. ii2. Customer must properly scan and transmit all information from the front and back of the original check. The RDC Service will reject any items received from Customer that cannot be processed by Bank or its designated processor due to image or MICR quality concerns. Customer agrees to be available to rescan or otherwise present original checks for those items that cannot be processed due to image, MICR or other quality concerns. iii3. Customer may create, approve and submit deposits up to the Bank-established cut-off time. Customer understands and agrees that any deposit not submitted by Customer prior to the Bank-established cut-off time will be considered received by Bank on the next Business Day following Customer approval. iv4. Only United States dollar-denominated checks drawn on United States banks may be deposited via the RDC Services. Bank assumes no responsibility for any check drawn on a non-United States bank or checks payable in any currency other than United States dollars (“non- conforming items”) that are deposited via the RDC Service, and Customer shall indemnify Bank for any Losses losses suffered by Bank as a result of processing any non-conforming item.

Processing Procedures. Customer agrees to comply with all processing and operating procedures set forth in any User Guide. Bank shall have the sole right to audit and quality assure the Customer’s process on an on-going basis at the Customer’s principal business location during reasonable business hours to confirm Customer’s compliance with the provisions of this Agreement. Without limiting the foregoing, Customer agrees to adhere to the following minimum procedures: i. 1. Checks deposited into an RDC Account must be payable to Customer, unless Customer and Bank have entered into a separate written agreement that authorizes Customer to deposit third-party checks. Customer shall properly endorse all checks using a Bank-approved endorsement stamp prior to imaging. Endorsements shall be placed in black or dark ink on the back of each check, within the area designated by the Federal Reserve Board’s Regulation CC, 12 C.F.R. Part 229. ii2. Customer must properly scan and transmit all information from the front and back of the original check. The RDC Service will reject any items received from Customer that cannot be processed by Bank or its designated processor due to image or MICR quality concerns. Customer agrees to be available to rescan or otherwise present original checks for those items that cannot be processed due to image, MICR or other quality concerns. iii3. Customer may create, approve and submit deposits up to the Bank-established cut-off time. Customer understands and agrees that any deposit not submitted by Customer prior to the Bank-established cut-off time will be considered received by Bank on the next Business Day following Customer approval. iv4. Only United States dollar-denominated checks drawn on United States banks may be deposited via the RDC Services. Bank assumes no responsibility for any check drawn on a non-United States bank or checks payable in any currency other than United States dollars (“non- conforming items”) that are deposited via the RDC Service, and Customer shall indemnify Bank for any Losses losses suffered by Bank as a result of processing any non-conforming item.

Processing Procedures. Customer agrees to comply with all processing and operating procedures set forth in any User Guide. In addition, ▇▇▇▇▇▇▇▇ agrees to follow any and all other procedures and instructions for use of the RDC Services that Bank may establish from time to time. Without limiting the foregoing, Customer agrees to adhere to the following minimum procedures: i. (i) Checks deposited into an RDC Account must be payable to Customer, unless Customer and Bank have entered into a separate written agreement that authorizes Customer (or they are subject to deposit third-party checksbeing returned for endorsement). Customer shall properly endorse all checks using a Bank-approved endorsement stamp prior to imaging. Bank may require Customer to endorse the back of the paper check to indicate that it has been remotely deposited in accordance with the Account Agreement. Endorsements shall be placed in black or dark ink on the back of each check, within the area designated by Regulation CC. Checks deposited must meet the Federal Reserve Board’s ANS X9.100-187 standards for image quality required by Regulation CC, 12 C.F.R. Part 229.or other standards established by Bank or Applicable Law. Any processing by Bank of a non-qualifying item does not constitute a waiver by Bank or obligate it to process such non-qualifying items in the future; (ii. ) Customer must properly scan and transmit all information from the front and back of the original check. The RDC Service will reject any items Items received from Customer that cannot be processed by Bank or its designated processor due to image or MICR quality concernsconcerns will be rejected. Customer agrees to be available to rescan or otherwise present original checks for those items that cannot be processed due to image, MICR or other quality concerns.. Customer represents that the image provided accurately represents all of the information on the front and back of the original check and includes an accurate record of all MICR line information; (iii. ) Customer may create, approve approve, and submit deposits up to the Bank-established cut-off time. Customer understands and agrees that any deposit not submitted by Customer prior to the Bank-established cut-off time will be considered received by Bank on the next Business Day following Customer approval.. A deposit will be deemed to have been received and accepted by Bank for deposit when all of the following have occurred: (a) Bank has preliminarily verified the image quality of the deposit is acceptable to Bank in its discretion, all item information is complete and the deposit totals balance to the Item information provided for the deposit; and (b) Bank has successfully performed all further validation routines with respect to the deposit. If an imaged item is not accepted for deposit, Customer may then submit the original item to Bank for processing or contact the maker to reissue the check. If Customer submits the original check for processing, Bank reserves the right to refuse to process the check for deposit and presentment to the payor financial institution and may instead require Customer to have the maker reissue the check; and (iv. ) Only United States dollar-denominated checks drawn on United States banks may be deposited via the RDC Services. Bank assumes no responsibility for any check drawn on a non-United States bank or checks payable in any currency other than United States dollars (“non- non-conforming items”) that are deposited via the RDC Service, and Customer shall indemnify Bank for any Losses suffered by Bank as a result of processing any non-conforming item.