Positive Pay Services definition

Positive Pay Services. The processing of Check Issued Files and ACH Items (including but not limited to Exception Checks and ACH Exception Items) used to identify fraudulent checks and ACH items attempting to clear Authorized Account(s) enrolled under in this Agreement. Reverse Positive Pay
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Positive Pay Services. (Positive Pay/ACH Positive Pay) means the processing of Check Issued Files and ACH Items (including but not limited to Exception Checks and ACH Exception Items) used to identify fraudulent checks and ACH items attempting to clear Authorized Account(s) enrolled under in this Agreement.
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Positive Pay Services means the positive pay Services as more fully described in Section 2 of this Subpart.
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Examples of Positive Pay Services in a sentence

  • Positive Pay Services are offered by Bank as the most effective way to minimize loss from fraudulent Check issuance or payment.

  • Individual services (including but not limited to, Funds Transfer, ACH Services, Wire Transfer Services, Remote Deposit Capture Services and Positive Pay Services, as each of those terms is defined herein) shall collectively be defined as the “Internet Banking Services”.

  • The Company acknowledges that Company’s failure to use the Positive Pay Services could substantially increase the likelihood of undetected fraudulent activity on its Accounts and that it is neither unreasonable nor unreasonable under the circumstances for us to require Company to use our Positive Pay Services upon request.

  • The Company further acknowledges and agrees that if Bank acts in accordance with the procedures set forth herein in paying items through the Positive Pay Services, Bank shall be deemed to have exercised good faith and ordinary care as defined by Articles 3 and 4 of the Uniform Commercial Code (“UCC”) and Bank shall have no liability whatsoever in paying such item(s).

  • The Company agrees that the Positive Pay Services are intended to be used to identify and return items which Company suspects, in good faith, are fraudulent, and are not intended to be used as a substitute for Company placing stop payment orders on items which Company does not wish to be paid and which are not suspected as being fraudulent.

  • If requested by Company and available as a Service by Bank, Company may use Positive Pay Services.

  • Company shall be responsible for reimbursing Bank for any and all costs, expenses, losses (including, without limitation attorney’s fees and court costs) that Bank may sustain on items returned under the Positive Pay Services which are not established to be fraudulent items.

  • Company agrees that if it fails to implement the Positive Pay Services following Bank’s request that it do so, Company will be precluded from asserting any claim against Bank for paying an unauthorized, altered, counterfeit or other fraudulent item that the Positive Pay Services were designed to detect or deter, and Bank will not be required to re-credit your Account(s) or otherwise be liable to Company for paying such item.

  • Service users may change their minds and withdraw consent at any time.

  • If Bank suspects or concludes, in its sole discretion, that Company is using the Positive Pay Services in violation of the previous sentence, the Bank may require the Company to provide evidence that the items the Bank is being requested to return pursuant to Company’s instructions are in fact fraudulent.


More Definitions of Positive Pay Services

Positive Pay Services mean the services described in Section 1.4 of the Payment Disbursement Services Exhibit to the Agreement.
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Related to Positive Pay Services

  • Supported employment services means provision of job training and supervision available to assist an individual who needs intensive ongoing support to choose, get, and keep a job in a community business setting. Supported employment is a service planned in partnership with public vocational assistance agencies and school districts and through Social Security Work Incentives when available.

  • Consultancy Services means the Consultancy Services described in Schedule A;

  • Adult day services means adult day services as defined in section 231D.1.

  • Supportive personnel means unlicensed individuals who:

  • Shared Services means shared order filling or shared order processing, or both.

  • Stationary beam radiation therapy means radiation therapy without displacement of one or more mechanical axes relative to the patient during irradiation.

  • Basic health plan services means that schedule of covered

  • Assistive technology service means any service that directly assists a child with a disability in the selection, acquisition, or use of an assistive technology device. The term includes:

  • Educational personnel means persons who must meet requirements pursuant to state law as a condition of employment in educational programs.

  • Educational Services means educational training provided to Entitled Students at a School;

  • Distribution Services means the service of distribution, as defined in section 5 of the Act;

  • Emergency medical services personnel means that term as defined in section 20904 of the public health code, 1978 PA 368, MCL 333.20904.

  • Pharmacy services means the practice of pharmacy as defined in chapter 18.64 RCW and includes any drugs or devices as defined in chapter 18.64 RCW.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Basic generation service or "BGS" means electric generation

  • Basic generation service provider or "provider" means a

  • Moving beam radiation therapy means radiation therapy with any planned displacement of radiation field or patient relative to each other, or with any planned change of absorbed dose distribution. It includes arc, skip, conformal, intensity modulation and rotational therapy.

  • Enhanced Services means any service offered over Common Carrier transmission facilities that employ computer processing applications that act on the format, content, code, protocol or similar aspects of a subscriber's transmitted information; that provide the subscriber with additional, different or restructured information; or involve End User Customer interaction with stored information. "Enhanced 911" or "E911" shall have the meaning set forth in Section 10.3.1.

  • Program services means services that include all of the following provided they are pursuant to a program agreement: program needs assessment and development, job task analysis, curriculum development and revision, instruction, instructional materials and supplies, computer software and upgrades, instructional support, administrative and student services, related school to career training programs, skill or career interest assessment services and testing and contracted services.

  • Cloud Services means SAP’s then-current cloud services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Distribution Network Operator or “DSO” shall mean the operator of a Distribution Network.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Education Services means education and hostel facilities for students and scholars provided by -

  • Advanced Services refers to high speed, switched, broadband, wireline Telecommunications capability that enables users to originate and receive high-quality, voice, data, graphics or video Telecommunications using any technology.

  • Specialized services means any program or service designed and operated to serve primarily individuals with developmental disabilities, including a program or service provided by an entity licensed or certified by the department. If there is a question as to whether a provider or entity under contract with a provider is providing specialized services, the provider or contract entity may request that the director of the department make a determination. The director's determination is final.

  • Sensitive Services means those services that (i) require access to Customer/Consumer Information, (ii) relate to the State’s computer networks, information systems, databases or secure facilities under circumstances that would permit modifications to such systems, or (iii) involve unsupervised access to secure facilities (“Sensitive Services”).