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Reso 2009-1489
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Reso 2009-1489
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Last modified
7/1/2010 9:43:08 AM
Creation date
10/26/2009 3:45:30 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2009-1489
Date (mm/dd/yyyy)
10/15/2009
Description
Agmts w/Bank of America for Government Banking Srvs
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<br />. If the payee is to receive wage payments through a CashPay account, the payee is <br />legally employable in the United States of America. <br /> <br />· You have provided the payee the explanatory CashPa.v Service information that we <br />have provided to you for that purpose, and the payee has authorized the transfer of <br />wages to the CashPay account. <br /> <br />· The payee has not cancelled the authorization to transfer the wages to the CashPay <br />account. <br /> <br />You agree to notify us promptly of any changes to the payee enrollment information you have <br />provided to us for this Service. <br /> <br />ADDITIONAL LIMITATION OF IJABllJTY <br />As a general rule, A TMs cannot dispense cash in increments other than $5, $10 or $20. This <br />means that your payees may not be able to withdraw at an ATM all funds paid by you to the <br />payees' CashPay accounts. We will wire the difference to any payee who requests such <br />payment; however, we will not be responsible if your payees or others assert a claim <br />against us due to this inability to withdraw all funds at an ATM. <br /> <br />PROMarIONAL MATERIALS <br />We will provide you with a CashPay agreement and other explanatory documentation for <br />you to give your payees. You must obtain our prior written consent if you elect to promote <br />the CashPay selvice using materials (in any format) other than the documentation we <br />provide to you for that purpose. <br /> <br />CHECK ISSUANCE <br /> <br />With our Check Issuance Services, you may request us to create checks on your behalf that are <br />drawn on either (i) accounts maintained by you with us or another bank or (il) accounts <br />designated and owned by us. <br /> <br />AUTHORIZED PERSONS <br />Before using a Check Issuance Service, you give us a written list, in a form acceptable to us, of <br />the persons authorized by you to perform certain duties in connection with such Service. <br /> <br />SECURITY PROCEDURE <br />You agree to use the Security Procedure when you deliver Check Issuance Requests or <br />electronically transmit Stop Payment Requests to us. The purpose of the Security <br />Procedure is to verify the authenticity of Check Issuance Requests and Stop Payment Requests <br />delivered to us in your name and not to detect any errors in the transmission or content of <br />these messages. Each time you use a Check Issuance Service, you represent and warrant that, <br />in view of your requirements, the Security Procedure is a satisfactory method of verifying the <br />authenticity of Check Issuance Requests and such Stop Payment Requests. You agree we may <br />act on any Check Issuance Request and any electronically transmitted Stop Payment Request <br />the authenticity of which we have verified through use of the Security Procedure. <br /> <br />AD-AG-0455B (2004-2) <br /> <br />12 <br />
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