Pursuant to the Merchant Agreement for Transaction Services it is necessary for Merchant to provide Factor4 with its banking information to facilitate billing and payments. It is the Merchant’s obligation to inform Factor4 of any changes to its banking details and accounts. Factor4 will not be liable for any funds incorrectly transferred as a result of a change in banking information or errors that directly resulted from information provided by Merchant.
Merchant authorizes Factor4 to debit from the Merchant’s bank account all monthly payments and other amounts owed to Factor4 related to the Transaction Services. This authorization shall remain in effect after termination of the Agreement and for as long as Merchant owes any amounts to Factor4. Merchant agrees that Factor4 will not be liable for any loss or damage incurred as a result of anything done or not done pursuant to this authorization. If the account is transferred to another branch or the account is closed and an account is opened at another bank this authorization shall have the same force and affect as if it originally was directed to that branch or bank.