Common use of Security Issues Clause in Contracts

Security Issues. If a security breach occurs, unless our internal security is proved to have been breached, there will be a presumption that your security has been breached. If you request Services that allow for you to appoint an administrator(s) (collectively and individually, “Administrator”), that Administrator may have the ability to appoint additional Administrators and each Administrator will have the ability to determine which of your Authorized Users will have access to the Services, the type of access they will have (including access to information about your Accounts and the ability to initiate transactions therein), and the ability to add, delete, and modify Security Credentials. Your Administrators are solely responsible for determining, on your behalf, who should be trusted with your Security Credentials and for supervising their use thereof. You are responsible for all transactions initiated by your Authorized Users even though they engage in transactions that you have not authorized, regardless of the purpose and regardless of whether the Authorized User violates your rules. If an Authorized User loses or forgets their Security Credentials, they should contact your Administrator. If an Administrator loses or forgets their Security Credentials, they should contact us. You understand and agree that ANY ONE (1) AUTHORIZED USER may be able to initiate transactions (including transfers) from any of your Accounts using the Services, regardless of whether the Authorized User is authorized on those Accounts and regardless of whether any of those Accounts normally require two (2) or more signatures or has other restrictions.