Issue Data definition

Issue Data for the Positive Pay Service means the check number and the dollar and cents amount of an item. For the optional Payee Validation Service, “Issue Data” includes the payee name as well. You agree to use our Online Banking Services or direct transmission to provide us with your Checks Issued File by our posted cut-off time for each item issued the current Business Day. Issue Data must be correct and must contain the exact check number and exact dollars and cents amount of each item issued. If you choose to use the optional Payee Validation Service, then the Issue Data you provide to us must also contain the exact payee name (including punctuation). We will use the Issue Data you provide in your Checks Issued File to match against your Presented Checks. If a check is converted into an ACH entry, we will match your Issue Data against the Converted Check Data, and Payee Validation Service is not available to you or used in these cases even if you have chosen to use that Service. You authorize and instruct us to pay each Presented Check that matches and each ACH entry whose Converted Check Data matches the Issue Data that we receive in your name, and to do so without further investigation or review by us of the Presented Check or ACH entry.
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Issue Data for the Positive Pay Service means the check number and the dollar and cents amount of an item. For the optional Payee Validation Service, “Issue Data” includes the payee name as well. You agree to use our FCS module or direct transmission to provide us with your Checks Issued File by our posted cut-off time for each item issued the current Business Day. Issue Data must be correct and must contain the exact check number and exact dollars and cents amount of each item issued. If you choose to use the optional Payee Validation Service, then the Issue Data you provide to us must also contain the exact payee name (including punctuation). We will use the Issue Data you provide in your Checks Issued File to match against your Presented Checks. You authorize and instruct us to pay each Presented Check that matches the Issue Data that we receive in your name, and to do so without further investigation or review by us of the Presented Check.
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Examples of Issue Data in a sentence

  • If you choose to use the optional Payee Validation Service, then the Issue Data you provide to us must also contain the exact payee name (including punctuation).

  • Issue Data must be correct and must contain the exact check number and exact dollars and cents amount of each item issued.

  • When using FC Services, you agree to provide Issue Data, disposition instructions and other information or instructions to us in the form and format that we specify.

  • We will use the Issue Data you provide in your Checks Issued File to match against your Presented Checks.

  • Check Issue Data files that are received by the Bank after 4:00 p.m. (CST) will be processed the next business day.

  • If a Check is presented for payment at one of our branch locations, our tellers will compare the Presentment Data on the Check against the Check Issue Data to determine whether the Check is a Matching Check or an Exception Check.

  • The Bank will utilize the Check Issue Data to electronically compare to checks presented against the Account.

  • Without limiting the foregoing, you agree that the Positive Pay Service is not required to and will not retrieve or review data other than the Issue Data on Presented Checks and Converted Check Entries.

  • This Service Description describes our Positive Pay services (the “Services”), sometimes also called “Positive Pay.” With the Positive Pay Service, we make the determination to pay each check (a “Check”) drawn on an Account enrolled in the Service (the “Designated Account”) based solely upon a computer comparison of the Presentment Data to the corresponding Check Issue Data you provide to us (each as defined below).

  • Your cancellation or amendment of any Check Issue Data previously transmitted to us for any Check will not be effective after (i) that Check has been presented to us, and (ii) we have either paid, certified, or settled for the Check.

Related to Issue Data

  • Licensee Data means, other than Resultant Data, information, data and other content, in any form or medium, that is collected, downloaded or otherwise received, directly or indirectly from Licensee or an Authorized User by or through the Services.

  • Registered in the CCR database means that—

  • Research Data means documents in a digital form, other than scientific publications, which are collected or produced in the course of scientific research activities and are used as evidence in the research process, or are commonly accepted in the research community as necessary to validate research findings and results;

  • GLO Data means any data or information owned by the GLO, including PII or SPI as defined below, that Provider creates, obtains, accesses (via records, systems, or otherwise), receives (from the GLO or on behalf of the GLO), or uses in the performance of the Contract or any documents related thereto.

  • Usage Data means data and information about the provision, use, and performance of the Product and related offerings based on Customer’s or User’s use of the Product.