Secure Document Paper definition

Secure Document Paper means IPS’ standard financial paper stock supplied to Client by IPS, containing IPS’ standard security features sold or used by Client hereunder, or financial paper stock acquired by Client from a third party vendor, at Client’s sole cost and expense, in a form containing standard security features that are reasonably approved by IPS and that fully meets IPS’ Service Requirements, that is utilized for the production of a Payment Instrument by Client hereunder.
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Examples of Secure Document Paper in a sentence

  • Client shall pay IPS the actual cost per item for specific branch identification, or custom designed Pre-Printed Payment Instruments that differ from IPS’ Secure Document Paper.

  • If Client is utilizing Secure Document Paper provided by IPS hereunder, Client hereby agrees that it will conduct a physical audit of all unused and unsold Payment Instruments, at least twice a year during the Term, and reconcile the physical audit of all such unused and unsold Payment Instruments to IPS’ inventory records.

  • Upon IPS’ receipt of a Payment Instrument presented for payment that is printed on IPS’ Secure Document Paper and either shows Client’s preprinted name or bears a serial number indicating that it was issued hereunder, and that has not appeared on a sales report, IPS will report the details of such Payment Instrument to Client in a report that is electronically transmitted to Client not later than 10:00 a.m. Mountain Time on the date that the Payment Instrument is required to be honored or dishonored.

  • Immediately following the Effective Date, IPS will either, as applicable (i) at its expense, arrange for the printing of Pre-Printed Payment Instruments, on IPS’ Secure Document Paper, showing Client’s name, if applicable, or (ii) provide Client with appropriate serial numbers for use by Client in producing Client Printed Payment Instruments.

  • IPS hereby grants Client the authority and ability to produce Client Printed Payment Instruments, on the Secure Document Paper, subject to all of IPS’ requirements.