Common use of Transaction Control Functions Clause in Contracts

Transaction Control Functions. We may, in our discretion, provide functions within one or more of the Service applications described in this Agreement whereby you may electronically activate settings to restrict, block, limit, or otherwise control certain Service Account transactions automatically (a “Transaction Control Function”). A Transaction Control Function may include, for example, a setting that allows you to prevent your debit card or credit card from being used for online purchases. By enabling or using any Transaction Control Function, you agree to the terms of, and you agree to comply with, all instructional materials, technical requirements, and on-screen guides we disclose or make available to you in connection with the Transaction Control Function, as the same may be amended by us from time to time. You are solely responsible for activating and deactivating any transaction control settings that are available through any Transaction Control Function, and you agree that we will not be liable to you or to any third party as a result of processing or handling Service Account transactions according to your transaction control settings. Any Transaction Control Function may rely on transaction information provided by third parties such as payment networks, merchants, and financial institutions. You agree that we will not be liable to you or to any third party in the event we process or handle any Service Account transaction in conflict with your transaction control settings as a result of erroneous, inaccurate, or incomplete transaction information provided by a third party. Subject to the terms and features we disclose for any particular Transaction Control Function, we will implement the transaction control settings you make as soon as reasonably practicable. However, you agree that we will not be liable to you or to any third party in the event we process or handle any Service Account transaction in conflict with a transaction control setting you have made if we have not had a reasonable opportunity to implement the setting. Our provision and your use of any Transaction Control Function does not relieve you of your responsibility to diligently monitor activity in your Service Account, to promptly review Service Account statements as they are made available to you, and to promptly report any errors or unauthorized transactions, or lost or stolen debit cards or credit cards, according to the terms and conditions of the agreements governing your Service Account.