Common use of Scanned Items Clause in Contracts

Scanned Items. (i) Member shall enter check information into the Remote Deposit Site by imaging the front and the back of each paper check and capturing the information contained in the MICR line of the paper check to create an image of the check (“Check Image”). Member shall review each Check Image for clarity to ensure that the item can be reproduced as an Image Replacement Document (“IRD(s)” or “Substitute Check(s)”). Using Remote Deposit, an Electronic File will be created that contains Electronic Items. To ensure accuracy, Member shall balance the dollar total of each deposit to the sum of the Electronic Items prior to transmitting the Electronic File to Navigant. Member shall determine that the Electronic File has been received based on the confirmation page of the Remote Deposit Site. Navigant will indicate acceptance of the transactions and any rejected transactions on the Remote Deposit Site. Member shall process any rejected transactions as paper checks through the normal paper check deposit process.

Scanned Items. (i) 84.2.1 Member shall enter check information into the Remote Deposit Site by imaging the front and the back of each paper check and capturing the information contained in the MICR line of the paper check to create an image of the check (“Check Image”). Member shall review each Check Image for clarity to ensure that the item can be reproduced as an Image Replacement Document (“IRD(s)” or “Substitute Check(s)”). Using Remote Deposit, an Electronic File will be created that contains Electronic Items. To ensure accuracy, Member shall balance the dollar total of each deposit to the sum of the Electronic Items prior to transmitting the Electronic File to Navigant. Member shall determine that the Electronic File has been received based on the confirmation page of the Remote Deposit Site. Navigant will indicate acceptance of the transactions and any rejected transactions on the Remote Deposit Site. Member shall process any rejected transactions as paper checks through the normal paper check deposit process.