Source: http://ibvnow.com/TermsOfService
Timestamp: 2019-02-22 13:16:26
Document Index: 58919181

Matched Legal Cases: ['§ 1681', '§ 6801', '§ 2721', '§ 203', '§ 1110', '§ 1110', '§ 1110', '§ 6103', '§ 6103', '§ 1110']

Instant Bank Verification | Terms of Service
NOW THEREFORE, in consideration of MicroBilt’s provision to User of the products and services specified in the application and fee schedule attached hereto as Exhibit A and incorporated herein by reference as if fully set forth, (“Fee Schedule”) and User’s payment of “Fees” (defined below) to MicroBilt therefore, of the mutual covenants and promises contained herein and of other good and valuable consideration, the extent and sufficiency of which is acknowledged between MicroBilt and User (each a “party” and together the “parties”), the parties hereto agree as follows:>
A. User Agrees to:1. Abide as applicable, and as a third party sales agent / distributor, if applicable, cause its customers (“Customers”) to abide by the Fair Credit Reporting Act, 15 U.S.C. § 1681 et. seq. (“FCRA”), as amended by the Fair and Accurate Credit Transactions Act of 2003 (“FACTA”) and thereafter from time to time, the Americans with Disabilities Act (“ADA”) and other applicable equal opportunity laws, the Gramm-Leach-Bliley Act of 1999, 15 U.S.C. § 6801 et. seq. (“GLBA”), the Driver’s Privacy Protection Act of 1994, 18 U.S.C. § 2721(b)(3) (“DPPA”), the laws of the applicable state issuing Motor Vehicle Records (“MVR”), the Equal Credit Opportunity Act (“ECOA”), the Truth In Lending Act (“TILA”) and all other applicable local, state and federal laws regarding Information, as well as the permissions and limitations of MicroBilt and the Repositories, when Information subject to such acts and laws is requested, accessed, used, stored and/or distributed.
10. Assure that except as expressly permitted by the FCRA, User shall not use any medical information contained in a consumer report in connection with any determination of the consumer’s eligibility, or continued eligibility for credit, or for any purpose other than for use: (i) in connection with an insurance transaction with the affirmative consent of the consumer who is the subject of the report; (ii) in connection with a credit transaction involving the extension of credit to, or the review or collection of an account of the consumer, where the medical information to be furnished is relevant to process or effect the transaction, and the consumer has provided specific written consent for the furnishing of the report that describes in clear and conspicuous language, the use for which the medical information will be furnished; (iii) for employment purposes, where the medical information to be furnished is relevant to process or effect the transaction, and the consumer has provided specific written consent for the furnishing of the report that describes in clear and conspicuous language, the use for which the medical information will be furnished; or (iv) with the consumer’s consent.
12. Acknowledge that every inquiry made on an individual will appear on such individual's consumer credit report, listed as either a consumer or business inquiry, when using the corresponding report, and will include, if and as applicable, User's business name and address.
13. Acknowledge that for products and services accessed which contain information from the Death Master File (“DMF”) as issued by the Social Security Administration (“SSA”), User certifies pursuant to § 203 of the Bipartisan Budget Act of 2013 and 15 C.F.R. § 1110.2 and § 1110.102 that: User meets the qualifications of a “Certified Person” and that its access to the DMF is appropriate; that consistent with its applicable FCRA or GLBA use of Information, User’s use of deceased flags or other indicia within such Information is restricted to legitimate fraud prevention or business purposes in compliance with applicable laws, governmental rules, regulations or fiduciary duty, as such business purposes are interpreted under 15 C.F.R. § 1110.102(a)(1) and that User shall specify the basis for so certifying; that User has systems, facilities and procedures in place to safeguard the accessed DMF information, experience in maintaining the confidentiality, security and appropriate use of the accessed DMF information pursuant to requirements similar to those of § 6103(p)(4) of the Internal Revenue Code of 1986, and that User agrees to satisfy the requirements of § 6103(p)(4) as if such applies to User; that User shall not disclose information derived from the DMF to the consumer or any third party, unless clearly required by applicable law; that User acknowledges that failure to comply with the provisions above may subject it to penalties under 15 C.F.R. § 1110.200 of $1,000 for each disclosure or use, up to a maximum of $250,000 in penalties per calendar year; and that User will not take any adverse action against any consumer without further investigation to verify the information from the deceased flags or other indicia.
14. Be aware that Information is obtained and managed by fallible sources and that for the Fee charged, MicroBilt does not guarantee or insure the accuracy, completeness, timeliness, depth or continuation of Information provided.
15. Assume responsibility for the final verification of the consumer’s identity.
16. Be aware that MicroBilt employees are not allowed to render any opinions regarding Information contained in a consumer report. Hiring decisions or any other actions or decisions must be based on User policies and procedures.
B. MicroBilt Agrees to:1. Comply with all applicable Repository rules and procedures, as well as local, state and federal laws and regulations, including but not limited to the FCRA, the UCC, business verification and public records, in the preparation, transmission, storage and usage of Information and all types of reports.
C. Terms and Conditions:1. User shall, and if and as applicable cause its Customers to: identify the end user (“End User”) of each consumer credit or other Information prior to requesting such; certify each specific “permissible purpose” as defined in the FCRA or “permitted use” under the GLBA for which the consumer credit or other Information is requested and certify that such will be used for no other purpose or use, (tendering this “permissible purpose” or “permitted use” in such form or manner as requested by MicroBilt); secure consumer credit and other Information on individuals solely for its own internal one-time use in accordance with the permissions and restrictions of the Repositories, which may differ from one another, and which may include credit, employment, insurance underwriting, collection, government licensing or written consumer consent or initiated transactions between itself and the consumer to whom Information refers and/or for such other “permissible purpose” related to a business transaction as is defined by the FCRA or “permitted use” under the GLBA and/or as permitted or restricted by the Repositories; notify MicroBilt immediately if the reason or need for the Information becomes different than originally claimed, for which a signed written addendum to this Agreement is required, provided that the new use consists of a “permissible purpose” as defined in the FCRA or a “permitted use” under the GLBA; and except as otherwise expressly permitted herein, agree it is the End User and will not resell, distribute, sublicense, compile or revise Information obtained through MicroBilt.
2. User and Customers are prohibited from creating derivative works of all or any
portion of the “MicroBilt Products” (hereinafter defined), from reverse engineering, decompiling, disassembling, or otherwise attempting to discover source code of the MicroBilt Products, or from copying, disclosing, or using the MicroBilt Products, except as otherwise provided in this Agreement
7. User shall, and if applicable, cause its Customers, at no cost on a monthly or sooner basis, to contribute current and updated consumer history, payment, credit, fraud and other transaction experience data on established and new accounts (“Contribution Data”) to MicroBilt in the form, format and manner prescribed by MicroBilt in accordance with MicroBilt’s then current data contribution policy, security procedures and data contribution specifications (as amended by MicroBilt from time to time upon reasonable prior written mail, fax, email or Website posting notice to User). Contribution Data shall be as complete and accurate as possible in accordance with then current industry standards and User shall adhere to all applicable local, state and federal laws regarding same. MicroBilt shall have no obligation or responsibility to return Contribution Data or the media containing same to User or act upon any instructions from User regarding the Contribution Data not expressly set forth hereunder or required by applicable law. At MicroBilt’s prior written request and within a reasonable period, User shall promptly verify the accuracy of the Contribution Data provided to MicroBilt. User acknowledges it has received and shall provide its Customers, if applicable, with the “Notice to Furnishers of Information: Obligations of Furnishers Under the FCRA” as required by the FCRA, which can be viewed and printed at the Website. User further acknowledges that the manner in which it collects, generates and reports Contribution Data, other than the mutually agreeable format for reporting Contribution Data to MicroBilt, is solely within User’s discretion. User warrants that it has the full legal right, permission and authority to provide Contribution Data and that User’s processes for collecting, generating and reporting Contribution Data did, does and will not infringe any patent, copyright or trademark right of any third party. Where applicable, User agrees to report Contribution Data as “paid
collection” transactions when they are paid, which information shall not be deleted prior to submission, unless required by law. At its option and expense, Contribution Data may be incorporated into the consumer reporting systems of MicroBilt and/or its subsidiaries. Once Contribution Data is incorporated into a credit reporting system, such will become its exclusive property. Nothing in the preceding sentence, however, will affect User’s independent full ownership rights in its customer account information from which the Contribution Data was derived. Contribution Data is intended to be added to a computer database for inclusion in consumer reports, accessible pursuant to the FCRA by both authorized subscribers and the subject consumers of such Contribution Data, and therefore it is expressly understood by User that Contribution Data will not be kept confidential in such regard. Once Contribution Data is submitted and incorporated into a credit reporting system, such may be used and disclosed for any purpose consistent with applicable laws, rules and regulations, including but not limited to those purposes set forth in the FCRA and in Section 502(e) of the GLBA and Reg. P promulgated pursuant thereto (16 CFR 313.15); provided, however, that no list shall be released of consumers’ names and addresses that specifically identifies individuals as User’s customers, or identifies User’s customers on any third party’s list, or primarily consists of User’s customers. Nevertheless, mailing lists, customer lists, marketing lists or lists classified as to credit performance, locality or economic indicators using the information contained within a computer database, including without limitation, the Contribution Data submitted hereunder, may be provided or furnished to any authorized party which is under contract for credit furnishing or reporting services, list extract, editing or other services; provided, however, that in no event shall any selection criteria used specifically seek a list of User’s current or previous customers, and further provided that the FCRA, GLBA and the implementing regulations issued thereunder shall be fully complied with.
9. Without right of setoff, User agrees to pay MicroBilt directly for all applicable “Set-Up Fees,” “License Fees,” “Site Inspection” and/or “Training, Testing, Credentialing or Certification Fees,” “Monthly Minimum Fees,” “Monthly Service Fees,” “Annual Fees,” fees for “Transactions,” “Bureau Products,” “Repository Data,” “Data,” “Reports,” “Information,” “Products,” “Searches,” “Additional Data,” “Additional Products,” “Modules,” “Equipment” and any other then current, amended or additional fees, plus taxes (collectively “Fees”), due for services rendered by MicroBilt to User under this Agreement and related to the products, services and associated prices identified in the attached Fee Schedule. User agrees and acknowledges that payment to MicroBilt of all Fees due under this Agreement shall be made in one of the two following manners and by initial in the Fee Schedule by the authorized account holder, User explicitly agrees to such method and to provide all necessary information and documentation to facilitate prompt payment: (1) MicroBilt accepts payments via ACH (Automated Clearing House) and requires User’s company bank name, address, phone number, account name, account #, ABA # and a voided copy of a company check; or (2) MicroBilt accepts payments via Visa, MasterCard, AMEX and Discover. During the first week subsequent to the end of each previous month, MicroBilt will make invoices for all Fees due and transaction detail supporting same, available to User’s assigned account or designated representative. Should User have a reasonable dispute with regard to an invoice, User must notify MicroBilt of such within five (5) business days after invoice date and send all detail or documentation via email to CustomerAccounts@MicroBilt.com or fax to 770-234-3881 Attn: Accounting Dept., or any such dispute shall be deemed waived. MicroBilt will respond to User's dispute within five (5) business days after receipt. Invoices are due upon receipt and MicroBilt will either automatically charge User's Credit Card or ACH User's account, all undisputed amounts due. All Fees for services rendered during or otherwise owed for the length of the Term of this Agreement shall be immediately due and payable upon any termination of this Agreement.
22. MicroBilt agrees that throughout the Term of this Agreement: (i) it shall perform
its services hereunder in a competent and workman-like manner in accordance with the then current standards of the industry; (ii) it has and will continue to maintain all necessary ownership rights, title, licenses, insurance, authorities and approvals necessary regarding its business and the products and services provided hereunder, the Equipment, Website, SDK, XML and any software, source code, object code and documentation thereto (together the “MicroBilt Products”), free of all liens, claims, encumbrances and other restrictions; (iii) the MicroBilt Products do not and will not infringe upon copyrights, trademarks, patents or any other proprietary rights of any third party; (iv) it will permit access to the MicroBilt Products completely and accurately per the terms as set forth herein; (v) the MicroBilt Products shall be free from any defects in design, materials and workmanship, shall be free of any “worm,” “virus,” “lock out” or “self destruct” devices, as such terms are understood in the computer industry and shall perform in accordance with the terms herein; (vi) any documentation provided by MicroBilt hereunder will accurately describe the MicroBilt Products; (vii) the MicroBilt Products, MicroBilt and its officers, employees, agents and representatives shall comply with all applicable laws and regulations and obtain and maintain in effect such permits, licenses and other forms of authorization required to comply with such laws and regulations; and (viii) it will keep the MicroBilt Products validly registered and current in concert with any relevant changing industry and market conditions so that such will continue to perform all intended functions.
24. Each party shall defend, indemnify and hold the other harmless from Claims arising out of the indemnifying party’s breach of any representation, warranty or other term herein. In connection with any Claim that is indemnifiable hereunder, the indemnified party shall, if and when legally permissible: (a) give the indemnifying party prompt written notice of the Claim for which indemnification is sought; (b) give the indemnifying party the opportunity to take over and/or settle any third party Claim through counsel of the indemnifying party's choice, at its sole direction and expense; and (c) cooperate fully with the indemnifying party as to the Claim.
j. Third Party Beneficiaries. This Agreement is intended for the benefit of, is binding
upon and may be enforced solely by the parties hereto, their successors and permitted assigns and except as expressly provided herein otherwise regarding Repositories, no third party shall have any rights herein.
o. Choice of Law and Venue. THE PARTIES IRREVOCABLY AGREE THAT: i) THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE SOLE AND EXCLUSIVE LAW, PERSONAL JURISDICTION AND VENUE OF THE STATE AND FEDERAL COURTS OF THE STATE OF NEW JERSEY, COUNTY OF MERCER, WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES; ii) ANY ACTION RELATING TO THIS AGREEMENT SHALL BE FILED IN SUCH COURTS; AND iii) ANY CLAIM OR DEFENSE THAT A PARTY LACKS MINIMUM CONTACTS WITH THE FORUM OR THAT SUCH COURTS LACK PERSONAL JURISDICTION OR THAT VENUE IS IMPROPER OR INCONVENIENT, SHALL BE WAIVED.
q. Taxes. User shall pay all applicable federal, state and/or local sales, service, use or
other taxes designated or imposed due to any action or transaction under this Agreement, other than taxes imposed on MicroBilt’s net income.
r. Audits. MicroBilt may track, review, compile, store and use any Contribution Data
and submitted inquiry or other data. During the Term and continuing after termination of this Agreement as required or necessary as set forth below, after reasonable prior written notice to User via mail, fax, email or Website posting and at mutually convenient times during normal business hours, MicroBilt may audit User’s compliance with the terms of this Agreement and all applicable legal requirements and laws, including, but not limited to, the FCRA and the GLBA, at User’s expense per a MicroBilt, Repository, consumer, legal, government or court ordered rule, mandate, subpoena, inquiry or request, via non-invasive database queries, statistical, financial and/or document reviews or requests, (or on-site visits at MicroBilt’s expense no more than once each calendar year), each of which shall promptly and fully be responded to by User within a reasonable time after notification, to avoid the suspension of access to one or more products or services hereunder and/or termination of this Agreement.
t. Compliance Certification, Training, Testing, Credentialing & Site Inspection. As necessary, in accordance with FCRA, FACTA, GLBA, DPPA, MVR, ECOA, TILA and other local, state and federal laws, as well as Credit Bureau, Data Repository and MicroBilt policies, prior to accessing consumer Credit Information or other Data and on an annual basis and when changing business premises or ownership and as new MicroBilt products and services are offered or accessed from time to time and new laws, Credit Bureau, Data Repository and MicroBilt policies are established or amended, User agrees to undergo and pay the Fees set forth in Exhibit A for compliance certification, credentialing, employee FCRA training and testing, an on-site inspection at its business premises (“Site Inspection”), criminal, consumer credit and other background checks on User’s business and principal (owner or officer), performed by ComplyTraq, LLC, to determine and review credit, history, procedures, processes and need for accessing, using, storing and/or distributing Information, security practices and other protective measures in place, so as to ensure initial compliance with the terms hereof, as well as periodically for reassurance thereafter. If applicable, to ensure its Customers’ compliance, User shall enter into a “ComplyTraq Compliance Services Agreement” directly with ComplyTraq to ensure similar compliance and credentialing. Further, MicroBilt may, at any time after reasonable prior written notice to User via mail, fax, email or Website posting, add to, delete or modify any MicroBilt, Repository or Credit Bureau contractual or legal compliance / security procedure, which shall be incorporated herein by reference and promptly and fully be adhered to within a reasonable time after notification, to avoid the suspension of one or more products or services hereunder and/or termination of this Agreement.