Legal
The clearXchange Out-of-Network Participant Service Agreement
Last updated: June 29, 2013
1. Description of Servicesa. clearXchange, LLC (“CXC”) provides a network directory service (the “CXC Directory”) to U.S. financial institutions who participate in the CXC Directory (our “Member Banks”) to enable convenient transfers of money between their deposit account holders registered with their respective payment services (each, a “Member Bank Customer”) using email addresses or mobile phone numbers. CXC provides an out-of-network service for individuals who have no deposit account with our Member Banks to enable such out-of-network participants (each an “ON Participant”) to (a) receive money from a Member Bank Customer using the ON Participant’s email address or mobile phone number (the “Receive Services”); and (b) send money to a Member Bank Customer through an authorized debit transfer from the ON Participant’s deposit account after that ON Participant has either participated in the Receive Services or received a Member Bank customer’s request for money (the “Send Services and, together with the Receive Services, the “Services”).b. CXC provides no deposit account or other financial services. CXC neither transfers, moves nor initiates the transfer or movement of money. You may not establish a financial account with CXC of any kind and your agreement to be an ON Participant relates to your registration of an email address or mobile phone number as your profile identification in the CXC Directory and your permission for CXC to share your personal information (including your bank account number provided to CXC) with our Member Banks for the purpose of completing money transfers between Member Bank Customers and you. Our Service to you as an ON Participant will be provided at all times subject to the terms and conditions of this Service Agreement.2. Accepting this Service Agreement
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
1. Description of Servicesa. clearXchange, LLC (“CXC”) provides a network directory service (the “CXC Directory”) to U.S. financial institutions who participate in the CXC Directory (our “Member Banks”) to enable convenient transfers of money between their deposit account holders registered with their respective payment services (each, a “Member Bank Customer”) using email addresses or mobile phone numbers. CXC provides an out-of-network service for individuals who have no deposit account with our Member Banks to enable such out-of-network participants (each an “ON Participant”) to (a) receive money from a Member Bank Customer using the ON Participant’s email address or mobile phone number (the “Receive Services”); and (b) send money to a Member Bank Customer through an authorized debit transfer from the ON Participant’s deposit account after that ON Participant has either participated in the Receive Services or received a Member Bank customer’s request for money (the “Send Services and, together with the Receive Services, the “Services”).b. CXC provides no deposit account or other financial services. CXC neither transfers, moves nor initiates the transfer or movement of money. You may not establish a financial account with CXC of any kind and your agreement to be an ON Participant relates to your registration of an email address or mobile phone number as your profile identification in the CXC Directory and your permission for CXC to share your personal information (including your bank account number provided to CXC) with our Member Banks for the purpose of completing money transfers between Member Bank Customers and you. Our Service to you as an ON Participant will be provided at all times subject to the terms and conditions of this Service Agreement.2. Accepting this Service Agreement
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
You must have a US checking or savings account to be an ON Participant and your financial institution must permit electronic funds transfers to and from that account. When you register to use the CXC Directory and the Services or establish a profile on CXC’s website (the “Site(s)”) or access your profile on the Site or permit others to use or access the Services, you agree to the terms and conditions of this Service Agreement. You represent that you are at least 18 years of age, you are an authorized signer on the registered bank account, and you agree that you will not use the Services for any unlawful purpose. Subject to applicable law, we may amend or change this Service Agreement (including any applicable fees and service charges) from time to time, in our sole discretion, by sending you written notice by electronic mail and by posting the updated terms on the Site. Please access and review this Service Agreement regularly. If you find the Service Agreement unacceptable to you at any time, promptly cancel your profile and enrollment with CXC and immediately discontinue your use of the Services. Your continued access of our Site or use of our Services after any amendment, modification or change to the terms and conditions of this Service Agreement shall constitute your agreement and acceptance to such amendment, modification or change.You may register one profile with CXC with multiple email addresses or mobile phone numbers; however, you may register one bank account only. You understand that you will be ineligible to register as an ON Participant with a bank account at a Member Bank.
