Issue File definition

Issue File means the file containing the check number, dollar amount, payee and account number of Integrated Payables Checks used to update our records or the records of another bank holding the Disbursement Account to assist in detecting exception items as Integrated Payables Checks are presented for payment.

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Issue File. A file that Client prepares and electronically transmits, which contains Check Information on Items issued against an Account for purposes of performing Positive Pay.

Issue File means the file sent from FLAIR to the Contractor that contains new or updated Warrant information for Warrant issues, stop payments, and cancellations.

Examples of Issue File in a sentence

• In no event will the Bank be responsible for the contents of an Issue File if the Customer did not upload the Issue File to the Bank by 5:30 p.m. ET on the Business Day prior to the expected date of presentment of Items shown on the Issue File.

• The Customer shall electronically transmit to the Bank, by manual entry or by importing into Cash Management, a file (the "Issue File") which accurately identifies the payee name, check number, exact amount, and issue date of the checks issued by the Customer (each such check referred to herein as an "Item") which are to be presented for payment to the Bank.

• The Customer shall update the Issue File at any time a new Item is issued which will be the subject of an Issue File.

• The parties intend that the Issue File transmitted to the Bank constitutes the signature of the Customer for purposes of determining whether a Presented Check is properly payable.

• Exception Checks presented to the Bank that do not appear on or match to the Check Issue File are identified, presented to the Customer and must be “decisioned” each day.

• You may elect for the printed check information included in your Data File to be used by the Bank to create a Positive Pay Issue File on your behalf to be used in connection with Positive Pay service.

• Customer acknowledges the Check Issue File must be uploaded through the Online Banking System and received by 8:00 p.m. Pacific Time.

• The Issue File shall be electronically transmitted to the Bank in a format mutually agreed upon by the parties.

• You agree that the Bank will only be obligated to match the check number and dollar amount from the Check Issue File (defined below) and that the Bank may, at the Bank’s sole discretion, but is not obligated to, match additional data provided in the Check Issue File (“Additional Data”), including payee name.

• Customer shall supply Bank with a sample Check Issue File for testing.

More Definitions of Issue File

Issue File means, with respect to Standard Check Inspect, a list submitted by you to us, as updated from time to time in accordance with our rules and guidelines, in an electronic readable format prescribed by us, of your duly issued checks drawn on your Check Inspect DDA, describing each check by its serial number and amount.

Issue File means an electronic file you transmit to us that describes checks drawn by you on a specific Authorized Account.