Common use of Security Code Clause in Contracts

Security Code. Security Code adds an additional multi factor authentication feature that requires the use of a one time passcode or a security token when funds are being moved in and out of business accounts. This feature provides an additional level of security by requiring that a security code obtained from either a one time passcode or from a security token be entered by the user that is designated to approve transfer of funds via Wire, ACH or Tax Payments. A Wire, ACH or Tax Payments will not be completed without the security code. The one time passcode will be provided via text or phone call to your phone on file. A security token is a device or a software application that generates a one-time digital code to use each time you process a funds transfer pursuant to this Agreement.

Security Code. Security Code adds an additional multi factor authentication feature that requires the use of a one one- time passcode or a security token when funds are being moved in and out of business accounts. This feature provides an additional level of security by requiring that a security code obtained from either a one one-time passcode or from a security token be entered by the user that is designated to approve transfer of funds via Wire, ACH or Tax Payments. A Wire, ACH or Tax Payments will not be completed without the security code. The one time passcode will be provided via text or phone call to your phone on file. A security token is a device or a software application that generates a one-time digital code to use each time you process a funds transfer pursuant to this Agreement.

Security Code. Security Code adds an additional multi factor authentication feature that requires the use of a one one-time passcode or a security token when funds are being moved in and out of business accounts. This feature provides an additional level of security by requiring that a security code obtained from either a one one-time passcode or from a security token be entered by the user that is designated to approve transfer of funds via Wire, ACH or Tax Payments. A Wire, ACH or Tax Payments will not be completed without the security code. The one time passcode will be provided via text or phone call to your phone on file. A security token is a device or a software application that generates a one-time digital code to use each time you process a funds transfer pursuant to this Agreement.