Laserfiche WebLink
TM-1440 Wire Transfer Service Description Page 2 of 5 <br />Revised 04-30-2014 <br />4. Inconsistency of Name and Number. If a Payment Order describes the person to receive the <br />funds that are the subject of the Payment Orders both by name and identifying number, Bank <br />may execute the Payment Order on the basis of the identifying number, even if the number <br />identifies a person different from the named person. If a Payment Order describes a financial <br />institution both by name and identification number, the identification number may be relied upon <br />to identify the financial institution, even if the identification number refers to a financial institution <br />other than the named financial institution. <br /> <br />5. Initiation Methods and Security Procedures. This section lists the Initiation Methods and <br />Security Procedures Bank offers for wire transfers. Company’s elections regarding Initiation <br />Methods and Security Procedures is/are set forth in the Acceptance. <br /> <br />5.1. Commercial Electronic Office® (CEO®) Initiation Method. <br />The CEO® portal is Bank’s electronic banking portal that is accessed via the Internet. The <br />CEO® security procedures are log-on credentials specified by Bank including a company <br />ID, user ID, password, token, and any other authentication or authorization process Bank <br />requires from time to time. Bank’s standard CEO® security procedures also include dual <br />custody for select, high-risk wire transfer activities. With dual custody, an authenticated <br />second user approves these activities. There is no additional charge for dual custody. <br /> <br />5.2. Payment Manager® Initiation Method. <br /> <br />Secure Application File Exchange Transmission (“SAFE-T”). This transmission <br />platform offers a variety of transmission protocols including hypertext transfer protocol <br />secured (https), FTP over SSL (FTP/S), secure FTP (S-FTP), and Applicability Statement 2 <br />(AS2). <br /> <br />Machine-to-Machine (“M2M”). This transmission method may use an XML message <br />interface that is based on the Interactive Financial eXchange (IFX) message standard <br />using SOAP structured messages; or it may use other formats and protocols such as JSON <br />and REST. Data is communicated via the Internet using 128-bit encryption and Secure <br />Socket Layers (SSL). <br /> <br />IBM® Connect:Direct® with Secure Plus+. Secure Plus+ is an add-on to Connect:Direct® <br />to enhance security by means of Secure Socket Layer (“SSL”) or Transport Layer Security <br />(“TLS”). Connect:Direct® is a registered trademark of Sterling Commerce, Inc., an IBM <br />company. <br /> <br />Value-Added Network (“VAN”). With this transmission method, a third party serves as <br />an intermediary for transmitting data between Company and Bank. Procedures for <br />transmitting Payment Orders may vary by VAN. Bank follows the procedures of the VAN <br />selected by Company to authenticate each Payment Order transmitted to Bank through the <br />VAN in Company’s name. <br /> <br />SWIFT® File Act. SWIFT has established procedures for controlling access to SWIFT <br />messaging services (each, an “Access Control”) that may include access codes, message <br />authentication codes, secure card readers, digital signatures, and Hardware Security <br />Modules. In addition, SWIFT authenticates certain messages including without limitation <br />Payment Orders based on SWIFT message type prior to accepting them for routing as <br />SWIFT messages. This authentication may include confirming that the sender and <br />recipient of the message have exchanged bilateral keys (“BKE”), entered into a relationship <br />management application (“RMA”) agreement, or taken other steps to secure the <br />6.1.D. - Page 113