![]() As used in this Agreement, the following ACH Standard Entry Class (“SEC”) Codes are approved for use by Corporate Member:ĭirect Deposit - The transfer of funds into a consumer’s account. Third-Party Sender will transmit debit and/or credit Entries initiated by Corporate Member to the ACH Network, as provided in the NACHA Operating Rules (referred to as the “Rules”) and this Agreement. Capitalized terms used in this Agreement are either defined in Exhibit A attached hereto or in the sections in which they are used. The Agreement sets out Corporate Member’s rights, responsibilities and obligations, and Third-Party Sender’s rights, responsibilities and obligations, with respect to the services provided by Third-Party Sender under this Agreement. ![]() (“Third-Party Sender”), to be effective as of the date this Agreement is accepted and agreed to by Corporate Member (the “Effective Date”).Ĭorporate Member has requested that Third-Party Sender initiate Entries on behalf of Corporate Member from Corporate Member accounts by means of the Automated Clearing House (“ACH”) Network, where standards, rules, and procedures are established by the National Automated Clearing House Association (“NACHA”), and Third-Party Sender has agreed to provide such services in accordance with the terms of this Agreement. This Agreement for ACH Services (the “Agreement”) is made by and between the entity that indicates its acceptance and agreement with this Agreement (“Corporate Member”) and Expensify, Inc. ![]()
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