Common use of Security Question and Answer Clause in Contracts

Security Question and Answer. The Customer will comply with the requirements prescribed by Royal Bank, other financial institutions, and Acxsys with respect to security questions and answers, including the security obligations under Section 6 (Security and Electronic Banking) of the Legal Terms and Conditions. The Customer will ensure security questions and answers are unique and not easily guessed, including by not using a birth date, name, telephone number, social insurance number, or sequential numbers, or any other Security Device used by the Customer. The Customer will ensure security questions and answers are known only to the Person the Customer intends to claim the e-Transfer, and not disclosed to any other Person. The Customer will ensure security answers have leading and trailing white spaces trimmed, are in uppercase, and MD5 hashed and Base64 encoded. The Customer will not use the email, text message, or any optional message that may accompany the e-Transfer to send an e-Transfer security question or answer. Royal Bank, other financial institutions, and Acxsys are entitled to pay an e-Transfer to a Person who correctly responds to the security question and answer, whether or not the Person is the intended Recipient. Acxsys keeps on file only one security question and answer per Recipient. If a security question or answer is changed for a Recipient, it overrides any previously saved security question and answer for that Recipient and applies to all outstanding e- Transfers for the Recipient. The new security question or answer will enable the Recipient to accept any previously sent e-Transfers that have not yet been claimed, expired, or cancelled. If the Customer does not want a Recipient to receive an outstanding e-Transfer, the e-Transfer must be canceled by the Customer before it is claimed.

Security Question and Answer. The Customer will comply with the requirements prescribed by Royal Bank, other financial institutions, and Acxsys with respect to security questions and answers, including the security obligations under Section 6 (Security and Electronic Banking) of the Legal Terms and Conditions. The Customer will ensure security questions and answers are unique and not easily guessed, including by not using a birth date, name, telephone number, social insurance number, or sequential numbers, or any other Security Device used by the Customer. The Customer will ensure security questions and answers are known only to the Person the Customer intends to claim the e-Transfer, and not disclosed to any other Person. The Customer will ensure security answers have leading and trailing white spaces trimmed, are in uppercase, and MD5 hashed and Base64 encoded. The Customer will not use the email, text message, or any optional message that may accompany the e-Transfer to send an e-e- Transfer security question or answer. If the Customer is a Recipient, the Customer will not disclose the e- Transfer security question or answer to anyone. Royal Bank, other financial institutions, and Acxsys are entitled to pay an e-Transfer to a Person who correctly responds to the security question and answer, whether or not the Person is the intended Recipient. Acxsys keeps on file only one security question and answer per Recipient. If a security question or answer is changed for a Recipient, it overrides any previously saved security question and answer for that Recipient and applies to all outstanding e- e-Transfers for the Recipient. The new security question or answer will enable the Recipient to accept any previously sent e-Transfers that have not yet been claimed, expired, or cancelled. If the Customer does not want a the Recipient to receive an outstanding e-Transfer, the e-e- Transfer must be canceled by the Customer before it is claimed.