Common use of Account Monitoring Clause in Contracts

Account Monitoring. (a) Merchant acknowledges that Service Provider will monitor Merchant’s daily deposit activity. The deposit activity must remain consistent to the monthly volume and average ticket amount implicitly approved or adjusted by Service Provider (“Risk Parameters”). If Merchant should exceed Risk Parameters, Merchant agrees to provide documentation as set forth by Service Provider if so required. Merchant agrees that Service Provider may not deposit total Sales Draft dollar volume in excess of the implicitly approved monthly volume, and that Merchant may be subject to a 5% fee on all funds processed over the approved monthly volume limit. Merchant agrees that Service Provider may, at its sole discretion, suspend Merchant’s transaction deposits for any reasonable period of time required to investigate suspicious or unusual transaction activity. Service Provider shall make a good faith effort to notify Merchant immediately. Merchant agrees to pay

Account Monitoring. (a) Merchant acknowledges that Service Provider will monitor Merchant’s daily deposit activity. The deposit activity must remain consistent to the monthly volume and average ticket amount implicitly approved or adjusted by Service Provider (“Risk Parameters”). If Merchant should exceed Risk Parameters, Merchant agrees to provide documentation as set forth by Service Provider if so required. Merchant agrees that Service Provider may not deposit total Sales Draft dollar volume in excess of the implicitly approved monthly volume, and that Merchant may be subject to a 5% fee on all funds processed over the approved monthly volume limit. Merchant agrees that Service Provider may, at its sole discretion, suspend Merchant’s transaction T ransaction deposits for any reasonable period of time required to investigate suspicious or unusual transaction T ransaction activity. Service Provider shall make a good faith effort to notify Merchant immediately. Merchant agrees to pay

Account Monitoring. (a) Merchant acknowledges that Service Provider Bank and Company will monitor Merchant’s daily deposit activity. The deposit activity must remain consistent to the monthly volume and average ticket amount implicitly approved or adjusted by Service Provider Bank (“Risk Parameters”). If Merchant should exceed Risk Parameters, Merchant agrees to provide documentation as set forth by Service Provider Bank and Company if so required. Merchant agrees that Service Provider Bank or Company may not deposit total Sales Draft dollar volume in excess of the implicitly approved monthly volume, and that Merchant may be subject to a 5% fee on all funds processed over the approved monthly volume limit. Merchant agrees that Service Provider Bank or Company may, at its sole discretion, suspend Merchant’s transaction deposits for any reasonable period of time required to investigate suspicious or unusual transaction activity. Service Provider Bank a n d C o m p a n y shall make a good faith effort to notify Merchant immediately. Merchant agrees to pay