3.1 The security procedure. The “security procedure” is the procedure defined from time to time by the bank and agreed by the customer as the procedure: which should be used for access to the service and verification of the bank, that any instructions received by the bank through the money payment service (a “payment order”) or any other order, request or other instructions that the bank receives on the service of an account or other service (as well as a payment order, “instructions”) is made by the SA or another AU on behalf of the customer. The security procedure may vary depending on whether access to the service is obtained via Chase Connect or via the Bill.com website, as described in sections 3.2 and 3.3 below, or whether a PC (“PC”) or “Mobile S/AD” (defined in section 7.4) is used to access the service and the Bank reserves the right to set up another security procedure for different AUS. The purpose of the security procedure is to verify the authenticity of the instructions and not to detect errors. The client agrees: (a) to be bound by any instruction given by the SA or another AU; and (b) that any statement whose authenticity has been verified by the bank during the security procedure is effective as a customer, whether authorized or not, and that the statement may result in an overdraft of an account. The bank may also change the security procedure at any time and the customer follows the bank`s instructions on this, as the customer`s continued use of the service is considered the customer`s consent for such a new security procedure. What functions can only be accessed by the account administrator? 5.1.6 The customer authorizes the bank and its GSPs, including, but not only to Bill.com, to debit the payment account in stages or in a lump sum and to transfer funds in accordance with the Customer`s payment orders and to resubmit all ach funds that are returned for insufficient or unrecolected funds or for some other reason. Payments can be made by Bill.com, a state-licensed money issuer. Information about Bill.com`s state license can be accessed app.bill.com/licenses. ACH payments are subject to the rules in force from time to time, established by the National Clearing House Association (“NACHA”), under which the customer is an “initiator”, Bill.com and/or other ASPs are “third parties” and the bank is the financial institution of originating originatory or “ODFI”.
If a charge is returned to the customer`s payment account, the bank may refuse to process the additional payments and the bank reserves the right to stop the payment for all completed payments until the debit is successfully remitted and paid. Without limiting other remedies, if an ACH charge is reimbursed from the payment account due to insufficient resources or other reason, the customer must immediately ask the bank and its ASPs, including, but not exclusively, Bill.com, and the customer is also responsible for the fees and fees provided by the legal agreements relating to the payment account. The bank and its PPUs, including, without restriction, Bill.com, may also exercise their drawing rights in accordance with an agreement or existing legislation. The bank and its PPUs, including, without restriction, Bill.com, can establish appropriate relationships and cooperate with them in the investigations or prosecutions that result.