Common use of Remote Deposit Capture Services Clause in Contracts

Remote Deposit Capture Services. We may provide Remote Deposit Capture Services to you during the Term of this Agreement. We may establish certain criteria that customers are required to meet prior to being permitted to use Remote Deposit Capture Services, and we reserve the right to prohibit any person from using Remote Deposit Capture Services in our sole and absolute discretion. As used in this Section, “images” means electronic image and data files submitted by you to us in connection with the Remote Deposit Capture Services. Through our Remote Deposit Capture Services, we may allow you to transmit images to us for us to process for payment through the Federal Reserve System or other clearing networks and depositing into a Customer Account. We may prepare image replacement documents to facilitate the deposit and collection of items. You will be responsible for the accurate scanning of checks and for successfully transmitting accurate, complete, balanced, and readable images to us. You shall cause the image quality of each check image provided by you to satisfy the requirements of Applicable Law. You shall cause each check to be properly endorsed by all required persons prior to conversion of the check into a File. You shall not transmit check images to us that contain information which duplicates information you previously provided to us or that contains information with respect to checks that you have previously transferred to, deposited with, or attempted to clear through a third party. You shall not transfer to, deposit with, or attempt to clear through a third party or otherwise directly or indirectly ask any third party to make payment based on, the checks reflected in the check images transmitted to us. You shall ensure that the images accurately represent all of the information on the front and back of checks, including all endorsements. You shall maintain any original checks for which an image has been sent to us in a secure environment and shall destroy the original checks within thirty (30) days after successful transmission to us (unless doing so would be a violation of Applicable Law). You will be solely responsible for any liability resulting from further negotiation or transfer of any checks for which a check image has been submitted to us. All check images transmitted by you to us shall be the result of bona fide business transactions with non-affiliated third parties and no such images shall be directly or indirectly, for the benefit of any third party. You shall not transmit images that represent non-cash items. You shall transmit images that represent items drawn only on U.S. banks. We reserve the right to reject any check image for any reason. We will give you notice of any rejected or returned check image. We are authorized to debit or credit the applicable Customer Account for images that are returned to us. We have no obligation to pay you interest on the amount of any returned check image debited from the Customer Account. A File shall not be received by us until shown as a deposit into the applicable Customer Account according to our records. You understand and agree that substitute checks will be the legal equivalent of the original checks for all purposes as provided in the federal Check Clearing for the 21st Century Act. Pursuant to such Act, we will be deemed to make certain warranties and will have certain indemnity responsibilities to third parties with respect to Files. To the extent that we shall be required to pay any warranty claim or indemnify any third party in respect of Files, you shall reimburse us upon demand. Our right of reimbursement shall be absolute and unconditional, shall survive any termination of our relationship with you, and shall not, for any reason whatsoever, be subject to any reduction, setoff, defense, counterclaim, deferment or right of recoupment.

Remote Deposit Capture Services. We may provide Remote Deposit Capture Services to you during the Term of this Agreement. We may establish certain criteria that customers are required to meet prior to being permitted to use Remote Deposit Capture Captures Services, and we reserve the right to prohibit any person Person from using Remote Deposit Capture Services in our sole and absolute discretion. As used in this Section, “imagesFiles” means electronic image and data files submitted by you to us in connection with the Remote Deposit Capture Services. Through our Remote Deposit Capture Services, we may allow you to transmit images Files to us for us to process for payment through the Federal Reserve System or other clearing networks and depositing into a Customer Account. We may prepare image replacement documents to facilitate the deposit and collection of items. You will be responsible for the accurate scanning of checks and for successfully transmitting accurate, complete, balanced, and readable images Files to us. You will be required to create Files using an Authorized scanner or other Required Technology, as we determine from time to time. You shall cause the image quality of each check image File provided by you to satisfy the requirements of Applicable Law. You shall cause each check to be properly endorsed by all required persons Persons and state "Remote Deposit at Settlers" prior to conversion of the check into a File. You shall place an “electronically presented” legend and such other information required by us on the rear of each check immediately after each check shall be scanned. You shall not transmit check images Files to us that contain information which duplicates information you previously provided to us or that contains information with respect to checks that you have previously transferred to, deposited with, or attempted to clear through a third party. You shall not transfer to, deposit with, or attempt to clear through a third party or otherwise directly or indirectly ask any third party to make payment based on, on the checks reflected in the check images Files transmitted to us. You shall ensure that the images Files accurately represent all of the information on the front and back of checks, including all endorsements. You shall maintain any original checks for which an image a File has been sent to us in a secure environment and shall destroy the original checks within thirty seventy five (3075) days after successful transmission to us (unless doing so would be a violation of Applicable Law). You will be solely responsible for any liability resulting from further negotiation or transfer of any checks for which a check image File has been submitted to us. All check images Files transmitted by you to us shall be the result of bona fide business transactions with non-affiliated third parties and no such images Files shall be directly or indirectly, indirectly for the benefit of any third party. You shall not transmit images Files that represent non-cash items. You shall transmit images Files that represent items drawn only on U.S. banks. You must complete transmission of Files to us prior to 5:00 p.m. Windsor WI time, in order for such transactions to be processed on the same day. We reserve the right to reject any check image File for any reason. We will give you notice of any rejected or returned check imageFile. We are authorized to debit or credit the applicable Customer Account for images Files that are returned to us. We have no obligation to pay you interest on the amount of any returned check image File debited from the Customer Account. A File shall not be received by us until shown as a deposit into the applicable Customer Account according to our records. You understand and agree that substitute checks will be the legal equivalent of the original checks for all purposes as provided in the federal Check Clearing for the 21st Century Act. Pursuant to such Act, we will be deemed to make certain warranties and will have certain indemnity responsibilities to third parties with respect to Files. To the extent that we shall be required to pay any warranty claim or indemnify any third party in respect of Files, you shall reimburse us upon demand. Our right of reimbursement shall be absolute and unconditional, shall survive any termination of our relationship with you, and shall not, for any reason whatsoever, be subject to any reduction, setoff, defense, counterclaim, deferment or right of recoupment.

Remote Deposit Capture Services. We may provide Remote Deposit Capture Services to you during the Term of this Agreement. We may establish certain criteria that customers are required to meet prior to being permitted to use Remote Deposit Capture Captures Services, and we reserve the right to prohibit any person Person from using Remote Deposit Capture Services in our sole and absolute discretion. As used in this Section, “imagesFiles” means electronic image and data files submitted by you to us in connection with the Remote Deposit Capture Services. Through our Remote Deposit Capture Services, we may allow you to transmit images Files to us for us to process for payment through the Federal Reserve System or other clearing networks and depositing into a Customer Account. We may prepare image replacement documents to facilitate the deposit and collection of items. You will be responsible for the accurate scanning of checks and for successfully transmitting accurate, complete, balanced, and readable images Files to us. You will be required to create Files using a XXXXX compliant flatbed scanner or other Required Technology, as we determine from time to time. You shall cause the image quality of each check image File provided by you to satisfy the requirements of Applicable Law. You shall cause each check to be properly endorsed by all required persons Persons prior to conversion of the check into a File. You shall place an “electronically presented” legend and such other information required by us on the rear of each check immediately after each check shall be scanned. You shall not transmit check images Files to us that contain information which duplicates information you previously provided to us or that contains information with respect to checks that you have previously transferred to, deposited with, or attempted to clear through a third party. You shall not transfer to, deposit with, or attempt to clear through a third party or otherwise directly or indirectly ask any third party to make payment based on, the checks reflected in the check images Files transmitted to us. You shall ensure that the images Files accurately represent all of the information on the front and back of checks, including all endorsements. You shall maintain any original checks for which an image a File has been sent to us in a secure environment and shall destroy the original checks within thirty fourteen (3014) days after successful transmission to us (unless doing so would be a violation of Applicable Law). You will be solely responsible for any liability resulting from further negotiation or transfer of any checks for which a check image File has been submitted to us. All check images Files transmitted by you to us shall be the result of bona fide business transactions with non-affiliated third parties and no such images Files shall be directly or indirectly, for the benefit of any third party. You shall not transmit images Files that represent non-cash items. You shall transmit images Files that represent items drawn only on U.S. banks. You must complete transmission of Files to us prior to 5:00 p.m. WEST MEMPHIS, AR time, in order for such transactions to be processed on the same day. We reserve the right to reject any check image File for any reason. We will give you notice of any rejected or returned check imageFile. We are authorized to debit or credit the applicable Customer Account for images Files that are returned to us. We have no obligation to pay you interest on the amount of any returned check image File debited from the Customer Account. A File shall not be received by us until shown as a deposit into the applicable Customer Account according to our records. You understand and agree that substitute checks will be the legal equivalent of the original checks for all purposes as provided in the federal Check Clearing for the 21st Century Act. Pursuant to such Act, we will be deemed to make certain warranties and will have certain indemnity responsibilities to third parties with respect to Files. To the extent that we shall be required to pay any warranty claim or indemnify any third party in respect of Files, you shall reimburse us upon demand. Our right of reimbursement shall be absolute and unconditional, shall survive any termination of our relationship with you, and shall not, for any reason whatsoever, be subject to any reduction, setoff, defense, counterclaim, deferment or right of recoupment.

Remote Deposit Capture Services. We may provide Remote Deposit Capture Services to you during the Term of this Agreement. We may establish certain criteria that customers are required to meet prior to being permitted to use Remote Deposit Capture Captures Services, and we reserve the right to prohibit any person Person from using Remote Deposit Capture Services in our sole and absolute discretion. As used in this Section, “imagesFiles” means electronic image and data files submitted by you to us in connection with the Remote Deposit Capture Services. Through our Remote Deposit Capture Services, we may allow you to transmit images Files to us for us to process for payment through the Federal Reserve System or other clearing networks and depositing into a Customer Account. We may prepare image replacement documents to facilitate the deposit and collection of items. You will be responsible for the accurate scanning of checks and for successfully transmitting accurate, complete, balanced, and readable images Files to us. You will be required to create Files using an Authorized scanner or other Required Technology, as we determine from time to time. You shall cause the image quality of each check image File provided by you to satisfy the requirements of Applicable Law. You shall cause each check to be properly endorsed by all required persons Persons and state "Remote Deposit at Settlers" prior to conversion of the check into a File. You shall place an “electronically presented” legend and such other information required by us on the rear of each check immediately after each check shall be scanned. You shall not transmit check images Files to us that contain information which duplicates information you previously provided to us or that contains information with respect to checks that you have previously transferred to, deposited with, or attempted to clear through a third party. You shall not transfer to, deposit with, or attempt to clear through a third party or otherwise directly or indirectly ask any third party to make payment based on, on the checks reflected in the check images Files transmitted to us. You shall ensure that the images Files accurately represent all of the information on the front and back of checks, including all endorsements. You shall maintain any original checks for which an image a File has been sent to us in a secure environment and shall destroy the original checks within thirty seventy-five (3075) days after successful transmission to us (unless doing so would be a violation of Applicable Law). You will be solely responsible for any liability resulting from further negotiation or transfer of any checks for which a check image File has been submitted to us. All check images Files transmitted by you to us shall be the result of bona fide business transactions with non-affiliated third parties and no such images Files shall be directly or indirectly, indirectly for the benefit of any third party. You shall not transmit images Files that represent non-cash items. You shall transmit images Files that represent items drawn only on U.S. banks. You must complete transmission of Files to us prior to 7:00 p.m. CST, in order for such transactions to be processed on the same day. We reserve the right to reject any check image File for any reason. We will give you notice of any rejected or returned check imageFile. We are authorized to debit or credit the applicable Customer Account for images Files that are returned to us. We have no obligation to pay you interest on the amount of any returned check image File debited from the Customer Account. A File shall not be received by us until shown as a deposit into the applicable Customer Account according to our records. You understand and agree that substitute checks will be the legal equivalent of the original checks for all purposes as provided in the federal Check Clearing for the 21st Century Act. Pursuant to such Act, we will be deemed to make certain warranties and will have certain indemnity responsibilities to third parties with respect to Files. To the extent that we shall be required to pay any warranty claim or indemnify any third party in respect of Files, you shall reimburse us upon demand. Our right of reimbursement shall be absolute and unconditional, shall survive any termination of our relationship with you, and shall not, for any reason whatsoever, be subject to any reduction, setoff, defense, counterclaim, deferment or right of recoupment.