Unauthorized Entries. An Entry delivered to the Bank that purports to have been transmitted or authorized by you shall be effective as your Entry as provided herein even if Entry was not in fact authorized by you, provided the Bank has accepted the Entry in compliance with the Security Procedures with respect to such Entry.
Unauthorized Entries. You are strictly responsible for establishing and maintaining your own internal procedures to safeguard against unauthorized Entry transmissions. NACHA expects all ACH Network participants to work towards reducing the return rate for unauthorized debit Entries. Accordingly, to comply with NACHA’s expectations, we regularly monitor your return rate levels for unauthorized Debit Entries, and these levels must remain below our established acceptable rate and the threshold rate set forth in the ACH Rules. If your return rate levels exceed our established acceptable rate for a period greater than 60 days, we may terminate your Service in accordance with the provisions in Section 16 of the General Terms. You represent and warrant that no individual will be allowed to initiate Entries without full legal authority and/or in the absence of proper supervision and safeguards. The occurrence of unauthorized access will not affect any Entries that we receive from you and transmit in good faith prior to our receipt of notification and within a reasonable time after Bank's receipt of such notice to allow Bank to prevent unauthorized transfers. If we receive an Entry that purports to have been transmitted or authorized by you, it will be deemed effective as your Entry, and you are obligated and legally bound to pay us the Entry amount even if the Entry was not in fact authorized by you unless we were notified in sufficient time to allow us to stop our processing and transmittal of the Entry.
Unauthorized Entries. An Entry made available to Bank that purports to have been transmitted or authorized by Company will be effective as Company’s Entry as provided herein, even if the Entry was not in fact authorized by Company, provided Bank has accepted the Entry in compliance with the Security Procedures with respect to such Entry. If Company discovers an erroneous or unauthorized Entry, Company will immediately notify Bank and the affected Customer(s). Upon receiving such notice, Bank will use reasonable efforts on behalf of Company to correct the Entry in a manner consistent with the Rules. If Company fails to notify Bank or Customer of an erroneous or unauthorized Entry, Company will be liable for any losses or expenses Bank may incur related to such Entry.
Unauthorized Entries. The Business is strictly responsible for establishing and maintaining its own internal procedures to safeguard against unauthorized Entry transmissions. The Business represents and warrants that no individual will be allowed to initiate Entries without authority and in the absence of proper supervision and safeguards. The occurrence of unauthorized access will not affect any Entries that the Bank receives from the Business and transmits in good faith prior to the Bank’s receipt of notification and within a reasonable time after Bank's receipt of such notice to allow Bank to prevent unauthorized transfers. If the Bank receives an Entry that purports to have been transmitted or authorized by the Business, it will be deemed effective as the Business’s Entry and the Business is obligated to pay the Bank the Entry amount even if the Entry was not authorized by the Business unless the Bank was notified in sufficient time to allow the Bank to stop its processing and transmittal of the Entry.
Unauthorized Entries. An Entry delivered to MWI that purports to have been transmitted or authorized by SCHOOL shall be effective as SCHOOL’s Entry as provided herein even if the Entry was not in fact authorized by SCHOOL, provided MWI has accepted the Entry in compliance with the security procedures with respect to such Entry.
