PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Agreement and if Financial Institution elects to accept Entries, Financial Institution shall:
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in these Terms and to the extent Bank elects to accept Entries irrespective of the provisions below, Bank shall:
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. (a) Except as provided in Section 4, the Financial Institution shall (i) process entries received from the Originator to conform with the file specifications set forth in the Rules, (ii) transmit such Entries as an Originating Depository Financial Institution to FRB (the "ACH Operator"), and (iii) settle for such entries as provided in the Rules.
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. (a) Except as provided in Section 6, On-Us Entries and Section 7, Rejection of Entries. Financial Institution shall (I) process Entries received from Customer to conform with the file specifications set forth In Rules. (II) transmit such Entries as an Originating Depository Financial Institution to Dallas Federal Reserve Bank(the “ACH”) acting as an Automated Clearing House Operator, and (III) settle for such Entries as provided in the Rules.
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION a. Except as provided in Section 6, On-Us Entries and Section 7, Rejection of Entries, financial institution shall (i) process entries received from company to conform with the file specifications set forth in the rules, (ii) transmit such entries as an Originating Depository Financial Institution to the Federal Reserve Bank of New York (the “ACH Operator”) acting as an Automated Clearing House Processor and (iii) settle for such entries as provided in the rules.
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. (a) Entries and all Entry-related requests shall be presented to Financial Institution by electronic means only in accordance with Schedule “A” and the security procedures in Schedule “B” attached hereto. Except as provided in Section 8, “On-Us Entries,” and Section 9 “Rejection of Entries,” and provided that the Entries conform to Section 3, “Transmittal of Entries by Company” of this Agreement and the security procedures, Financial Institution shall (i) process Entries received from Company to conform with the File specifications set forth in the Rules, (ii) transmit such Entries as an ODFI to the appropriate Automated Clearing House Operator (“ACH Operator”), and (iii) settle for such Entries as provided in the Rules.
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. (a) Except as otherwise provided in this Agreement, including, but not limited to Section 6, On- US Entries and Section 7, Rejection of Entries, Third Party Sender and Financial Institution shall
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as otherwise provided for in this Product Schedule and if Financial Institution elects to accept Entries, Financial Institution shall:
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. First Volunteer Bank shall process entries from the Company that conform with ACH file specifications set forth in the Rules, transmit these entries as an Originating Depository Financial Institution (ODFI) to the Federal Reserve Bank (ACH Operator) and settle for such entries as provided by the Rules. We will transmit such entries to the ACH Operator provided such entries are received by First Volunteer Bank’s cut-off time (3:30 p.m. Eastern time) on a business day; the Settlement Date is at least two days later for Credit files and 1 day later for Debit files after such business day; and the Federal Reserve Bank is open. For purposes of this agreement, entries shall be considered received by First Volunteer Bank when a confirmation email is sent to the company.
PROCESSING, TRANSMITTAL, AND SETTLEMENT BY FINANCIAL INSTITUTION. Except as provided Section 5, Rejection of Entries, UFCU shall (i) process requests for Entries received from You that comply with this Agreement and the Rules, (ii) create Entries on your behalf, and serve as their Originator, as such is defined in the Rules, (iii) settle for such Entries as provided in the Rules and (iv) transmit such Entries as an Originating Depository Financial Institution to the applicable Automated Clearing House ("the ACH") acting as an Automated Clearing House Operator. There are 2 methods of member verification:
