Verbal Authorization/Secure Access Code Clause Samples
The Verbal Authorization/Secure Access Code clause establishes the procedures and requirements for granting access or approving actions through verbal confirmation or the use of a secure access code. In practice, this clause allows individuals to authorize transactions, changes, or access to sensitive information by providing a unique code or confirming their identity verbally, often during phone calls or remote interactions. Its core function is to enhance security and ensure that only authorized persons can perform certain actions, thereby reducing the risk of unauthorized access or fraud.
Verbal Authorization/Secure Access Code. ▪ We may, at our discretion, require you to confirm your Wire Transfer request by providing verbal confirmation that the request was authorized by you. If we do require your verbal authorization, we will attempt to contact you at the mobile phone number we have on record for you. If we are unable to contact you or if you are otherwise unable to provide verbal authorization, we may not process your Wire Transfer request. Alternatively or in addition to verbal confirmation, we may also require you to enter a Secure Access Code we send to your mobile phone to verify your authorization. If you are unable to receive the Secure Access Code or do not enter the correct Secure Access Code when requested, we may not process your Wire Transfer request.