Computer Transmission definition
Computer Transmission. AFSB's communication system identifies the Customer by verifying the Identification Codes and passwords which have been previously established for the Customer. The ACH processing system further interrogates the File/Batch Header Identification Codes to verify that the Customer's file is authorized for processing. AFSB shall conclusively presume that all Entry Data using such Identification Codes have been submitted by a person authorized to initiate Entries, and AFSB will regard that Entry Data as being a funds transfer instruction authorized by the Customer.
Examples of Computer Transmission in a sentence
The security procedure which AFSB recommends as commercially reasonable for the origination of ACH transactions is the Computer Transmission of Entry Data files to AFSB, containing Customer Identification Codes and passwords assigned by AFSB.