Reliance on MICR Encoding. You understand and agree that for this Service we may compare only your information on approved checks with information that is encoded on the items presented to us for payment. You agree that we may rely on such a process and that the process will be deemed an acceptable standard of care for this Service and your account. You agree that this Service does not obligate us to verify signatures on any checks that match the information you provide. We will not be required to physically examine matching checks to confirm that they are properly signed, completed and encoded. You understand that the Service may not identify counterfeit or duplicate checks. As such, you agree to review promptly all statements, returned checks, reports and other check and transaction information we make available to you.
Reliance on MICR Encoding. We will not be obligated to verify signatures on any checks that match the information you provide. You understand and agree that we may compare your information on approved checks with information that is encoded on the items presented to us for payment. We will not be required to physically examine matching checks to confirm that they are properly signed, completed and encoded. You agree that we may rely on such a process and that the process will be deemed an acceptable standard of care for Account Reconciliation, Positive Pay, and your account. You understand that Positive Pay may not identify counterfeit or duplicate checks. As such, you agree to review promptly all statements, returned checks, reports and other check and transaction information we make available to you.
Reliance on MICR Encoding. We will not be obligated to verify signatures on any checks that match the information that you provide or fail to reject. You understand and agree that we may compare your information on approved checks with information that is encoded on the items presented to us for payment. We will not be required to physically examine matching checks to confirm that they are properly signed, completed and encoded. You agree that we may rely on the process described above and that it will be deemed an acceptable standard of care for these Services and your Account. You understand that these Services may not identify counterfeit or duplicate checks which contain the same check serial number and amount as the items described in your Check Issuance Data. Therefore, you agree to review promptly all statements, returned checks, reports and other check and transaction information that we make available to you.
Reliance on MICR Encoding. Customer agrees that the Bank will not be obligated to verify the authenticity of any check that matches the check information listed in Customer’s Positive Pay File. Customer understands and agrees that the Bank may compare Customer’s information on its Positive Pay File with information that is encoded on the items presented to the Bank for payment. The Bank will not be required to otherwise examine checks, or seek to confirm that they are properly signed, completed or encoded, or otherwise unmodified. Customer agrees that the Bank may rely on such a process and that the process will be deemed an acceptable standard of care for this Service and the Customer’s account. Customer understands that the Service may not identify altered, counterfeit or duplicate checks or checks with forged or unauthorized signatures. As such, Customer agrees to review promptly all statements, returned checks, reports and other check and transaction information we make available to Customer. If Customer orders or prints checks from a check-printing vendor other than the Bank, Customer agrees to ensure the MICR encoding ink is of high quality. Not using high quality ink could result in a large number of Exception Checks being reported by the Bank on an Exception Check Report and higher costs to Customer.
Reliance on MICR Encoding. The Company understands and agrees that FI may compare the Company’s Issues File with information that is encoded on the checks presented for payment. The Company understands and agrees that Deposit Reconciliation reporting by location uses the information that is encoded on the deposit tickets presented for deposit. The Company understands that FI will not physically examine checks and deposits to confirm that they are properly signed, completed and encoded. The Company agrees that the FI may rely on such a process and that the process will be deemed an acceptable standard of care for the ARPP Services and the Company’s Accounts. The Company understands that the ARPP Services may not identify counterfeit or duplicate checks. As such, the Company agrees to promptly review all statements, returned checks, reports and other check and transaction information made available to it by FI.
Reliance on MICR Encoding. You agree that the Bank will not be obligated to verify the authenticity of any check that matches the Check Information listed inyour PositivePay Xxxx.Xxx understand and agree that the Bank may compare your information on your Positive Pay File with information that is encoded on the items presented to the Bank for payment. The Bank will not be required to otherwise examine checks, or seek to confirm that they are properly signed, completed or encoded, or otherwise unmodified. You agree that the Bank may rely on such a process and that the process will be deemed an acceptable standard of care for this Positive Pay Service and your Positive PayAccount.Youunderstand that the Positive Pay Service may not identify altered, counterfeit or duplicate checks or checks withforged or unauthorized signatures. As such, you agree to review promptly all statements,returned checks,reports and other check and transaction information the Bank makes available to you. If you order or print checks from a check-printing vendor other than the Bank, then you agree to ensure the MICR encoding ink is of high quality. Not using high quality ink could result in a large number of Exception Checks being reported by the Bank on an Exception Check Report and higher costs to you.
Reliance on MICR Encoding. We will not be obligated to verify signatures on any checks that match the information you provide. You understand and agree that we may compare your information on approved checks with information that is encoded on the items presented to us for payment. We will not be required to physically examine matching checks to confirm that they are properly signed, completed, and encoded. You agree that we may rely on such a process and that the process will be deemed an acceptable standard of care for Positive Pay and your account. You understand that Positive Pay may not identify counterfeit or duplicate checks. As such, you agree to review promptly all statements, returned checks, reports and other check and transaction information we make available to you. Stale-Dated Checks We may pay stale-dated checks unless you place a stop payment order on such items or remove them from your list of checks approved for payment. Information Processing and Reporting We offer a number of Services that require us to receive process and report information involving your accounts and transactions. We will not be responsible for accuracy, timeliness or completeness of any information that you or others provide to us. We will not have a duty to interpret the content of any data transmitted to us, except to the limited extent set forth in this Agreement. Unless otherwise agreed in writing, we will not be required (by means of any security procedure or otherwise) to detect errors in the transmission or content of any information we receive from you or third parties.
Reliance on MICR Encoding. We will not be obligated to verify signatures on any checks that match the information you provide. You understand and agree that we may compare your information on approved checks with information that is encoded on the items presented to us for payment. We will not be required to physically examine matching checks to confirm that they are properly signed, completed and encoded. You agree that we may rely on such a process and that the process will be deemed an acceptable standard of care for this Service and your account. You understand that the Service may not identify counterfeit or duplicate checks. As such, you agree to review promptly all statements, returned checks, reports and other check and transaction information we make available to you. • Stale-Dated Checks. We may pay stale-dated checks unless you place a stop payment order on such items or remove them from your list of checks approved for payment.
Reliance on MICR Encoding. We will not be obligated to verify signatures on any checks that match the information you provide or that you fail to reject. You understand and agree that we may compare your information on approved checks with information that is encoded on the items presented to us for payment. We will not be required to physically examine matching checks to confirm that they are properly signed, completed and encoded. You agree that we may rely on the process described above and that it will be deemed an acceptable standard of care for the Positive Pay Service and your account. You understand that the Positive Pay Service may not identify counterfeit or duplicate checks. As such, you agree to review promptly all statements, returned checks, reports and other check and transaction information that we make available to you. ▪ Issue information and timing. You agree to provide check information and instructions to us in the manner, form and format that we specify for the Positive Pay Service. You assume full responsibility for the completeness and accuracy of all information furnished to us. Our willingness to process nonconforming information will not be considered a waiver of any requirement of this Agreement, and we may discontinue processing nonconforming information without prior notice. We must receive your Positive Pay list on or before our Positive Pay Service cutoff hour each business day. If we receive your list after that hour or on a non-business day, it may not be used to match against incoming checks until the following business day. We will provide you with information on exception items by means of the Work Positive Pay Items list each day we receive checks through inclearings. You must instruct us to pay or return exception items by 12:00 p.m. PT the same business day. ▪ Suspect and exception item reporting. Upon request, we can provide you with a daily report, detailing suspect and exception items, and enabling you to review and return items on a check-by-check basis. We make no representation or warranty regarding the effectiveness of this report, and make the report available only as an accommodation to you. You agree to indemnify, defend and hold us harmless from every loss, liability and claim arising from information provided on, or excluded from, this report by us. You understand that the fee for the Positive Pay Service has been established in contemplation of this limitation on our liability. ▪ Stale-dated and postdated checks. We may pay stale-...
Reliance on MICR Encoding. The COMPANY understands and agrees that the BANK may compare the COMPANY’S Issues File with information that is encoded on the checks presented for payment. The COMPANY understands that the BANK will not physically examine checks to confirm that they are properly signed, completed and encoded. The COMPANY agrees that the BANK may rely on such a process and that the process will be deemed an acceptable standard of care for the ARP Services and the COMPANY’S accounts. The COMPANY understands that the ARP Services may not identify counterfeit or duplicate checks. As such, the COMPANY agrees to promptly review all statements, returned checks, reports and other check and transaction information made available to it by the BANK.
