RCK Bi-Weekly Report and Final Settlement Report. PROCESSOR shall provide CUSTOMER with a bi‐weekly report. This report will itemize the transactions submitted and returned in the previous period by the ODFI. Final settlement for RCKs will also be created bi‐weekly. At the end of each reporting period, PROCESSOR will provide a detailed final settlement report to CUSTOMER. This report shall state the total number of transactions in that period, the aggregate amount of transactions returned in that period, and the final net settlement for that period.
Appears in 4 contracts
Samples: Member Application and Service Agreement, Terms and Conditions, www.vericheck.com
