Reso 2014-2242 - Laserfiche WebLink

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Bank both through the use of the Services and via the Services' Setup Form. 2.2.3 Customer may submit additional ACI I Authorizations. make changes to initial or existing ACII Authorizations, or delete initial or existing ACM Authorizations related to the Authorized Account(s) online via the Services. Such changes shall become effective on the next Business Day following the day on which the changes were made by Customer. Each Business Day, Bank will provide an updated list of successfully processed ACII Authorizations to Customer via the Services. In the event Customer submits a change or addition to the ACII Authorizations that is incomplete. contains an error or that cannot otherwise be processed by Bank. Bank will use commercially reasonable elTorts to notify Customer on the next Business Day that the associated ACII Authorization(s) has been rejected. Until such time as Customer reviews and corrects it. the rejected ACH Authorization(s) will not appear on the updated list of successfully processed ACH Authorizations that Customer receives. 2.2.4 Should Customer fail to fully and accurately populate or complete all requested fields associated with the ACI 1 Authorizations, the following will also apply: (a) 11' Customer does not insert a specified maximum dollar amount. then no maximum dollar amount shall apply with respect to the applicable ACII Entry(ics) or transaction subject to the ACH Authorization(s). (b) 11' Customer does not insert a specified expiration date, then no expiration date shall apply to the applicable ACII Entry(ies) or transaction subject to the ACI I Authorization(s). 2.3 Processing of ACH Entries and Reporting of Exception Entries. Bank shall electronically compare each ACI 1 Fntry presented to Bank for settlement against Customer's Authorized Account(s) on a Business Day (including those presented by other depository institutions. ACI 1 Operators or by Bank) with Customer's ACI I Authorizations. On each Business Day, Bank: (a) will allow incoming ACII Entries that match Customer's ACH Authorizations to post to Customer's Authorized Account(s): and (b) will treat as Exception Entries all incoming ACII Entries that do match Customer's ACII Authorizations and will provide to Customer, through the Bank Internet System. a listing of all Exception Entries that are otherwise scheduled for Return Default Disposition. Customer must monitor, review and issue a Post Decision or Return Decision on each Exception Entry reported through the Bank Internet System by the pre - established deadline set forth within the Services. Customer may also set up alerts to be sent to Customer by a prc- established time each Business Day advising Customer whether or not there arc any Ixception Entries to be reviewed that Business Day. 2.4 Payment and Dishonor of Exception Entries. 2.4.1 Customer may choose to confirm the Return Default Disposition of individual Exception Entries presented via the Services by providing a Return Decision to Bank by the pre - established deadline set forth within the Services, in which case such Exception Entries will be automatically returned to the Originator. 2.4.2 Customer may choose to override the Return Default Disposition of individual Fxception Entries presented via the Services by providing a Pay Decision to Bank by the pre - established deadline set Rorth within the Services. in which case such Exception Entries will be paid /posted to Customer's Authorized Account(s) at the end of the current Business Day. 2.4.3 Customer may choose not to or may otherwise fail to review and provide a Post Decision or a Return Decision for any Exception Entries by the pre- established deadline, in which case the Return Default Disposition will apply and all such Exception Entries will be automatically returned to the Originator. 2.8 Customer and Bank Communications. 2.8.1 Customer shall use the Services' module of the Bank Internet System to report all Pay Decisions or Return Decisions. Bank shall not be obligated to comply with any Pay Decision or Return Decision received in a format or medium, after a pre- established deadline, or at a place not permitted under this Appendix or the Services' Setup Form(s), and may instead treat any such Pay Decision as a Return Decision or otherwise apply the Return Default Disposition to such Pay Decision. 2.8.2 Bank is not responsible for detecting any Customer error contained in any ACH Entries presented. dccisioned, returned or processed, or in any Pay Decision or Return Decision by Customer. 2.8.3 In the event that Bank is unable to provide Customer with a listing of Exception Entries through the Bank Internet System for Customer's Pay Decision or Return Decision as described in Section 2.3. the Return Default Disposition shall apply in accordance with Customer's previously established ACH Authorizations. 2.8.4 Bank shall be bound only to exercise ordinary care in attempting to post or return ACI I Entries as described in this Appendix. 3. Remedies. 3.1 Bank Liability. To the extent permitted by applicable law, the liability of Bank under this Appendix shall in all cases be subject to the provisions of the Contract, including, without limitation, any provisions thereof that exclude or limit warranties made by, damages payable to or remedies available from Bank. 3.2 Wrongful Payment /Posting. It shall constitute wrongful paymcnl/posting by Bank if Bank HC 4R41-- OIN -3 18" 56 ,f62 0413