RDC Services Clause Samples
The "RDC Services" clause defines the scope and nature of services provided by the Remote Deposit Capture (RDC) system. It typically outlines what types of deposits can be made remotely, the technical requirements for using the service, and any limitations or user responsibilities involved. For example, it may specify that checks can be deposited via a mobile app and detail the process for image capture and submission. The core function of this clause is to clearly delineate the operational parameters of RDC services, ensuring both parties understand how the service works and what is expected, thereby reducing misunderstandings and managing risk.
RDC Services. Company wishes to initiate remote deposit capture (“RDC”) of checks received from Company’s clients, including the transmission of image items pursuant to this Agreement and any attachments, exhibits, schedules and/or amendments hereinafter attached thereto, through Bank for deposit (“Credit”) to accounts of Company maintained at Bank. This service description governs the provision of RDC services as may be provided by Bank to Company from time to time (the “RDC Services”). Further terms relating to the RDC Services may be contained in user manuals relating to the RDC Services (“User Manuals”), which Bank may provide to Company from time to time. User Manuals will be deemed accepted by Company upon provision by Bank of RDC Services to Company. Bank offers RDC Services to corporate and financial institution customers pursuant to this Agreement, as supplemented by the User Manuals. In the event of a conflict or discrepancy between the User Manuals, this Service Description and the Internet Banking Agreement the following order of precedence shall apply: (1) User Manuals, (2) Service Description, and (3) this Agreement, but only to the extent necessary to address the conflict or discrepancy.
RDC Services. If approved by WorkWave, Sub-Merchant will have the ability to scan or otherwise create images of Checks for deposit through WorkWave and FTNI’s RDC services (the “RDC Services”). Any Checks deposited electronically by Sub-Merchant through use of the RDC Services will be subject to the following requirements:
i. The original paper Check will not be deposited through the RDC Services more than once;
ii. All Checks will conform to the requirements of Sub-Merchant deposit agreement with its Financial Institution;
iii. Sub-Merchant will review and validate the accuracy and completeness of the Check data being captured including but not limited to the amount of the Check and the legibility of the Check Image generated from use of the RDC Services; and
iv. Sub-Merchant will be solely responsible for the selection, use and operation of the scanner equipment used to capture the Check Image using the RDC Services, including the quality of the Check Image results generated from the scanner. Any scanner used by Sub-Merchant with the RDC Services must meet the technical specifications for scanners specified by WorkWave in order to be deemed compatible with the RDC Services.
v. Sub-Merchant will be solely liable and responsible for all damages, losses, expenses and claims arising from any of the following:
a. Duplication of Check Images transmitted by Sub-Merchant to WorkWave through the RDC Services;
b. Alteration of scanned Check Images not caused by WorkWave or its software;
c. Deposit of Checks on accounts with insufficient funds, counterfeit Checks, fraudulent Checks, or Checks bearing unauthorized or forged endorsements;
d. Acts of fraud, negligence or willful misconduct committed by employees of Sub-Merchant in depositing Checks using the RDC Services;
e. Hardware failure not caused by WorkWave’s services or its software; or
f. Sub-Merchant’s failure to properly store original Checks once the scanned Check Image has been captured.