Agreement for EFT Processing of Electronic Payments
and Flexware/PMS Club Management Software Support
This agreement is made this day of , , by and between (the "Club") and
FreedomWare, LLC, Joplin, Missouri (the "Processor").
The Club has requested that the Processor act on its behalf in initiating electronic payments to and from
its bank account and initiating debits to bank accounts used by members belonging to the Club by means
of the Automated Clearing House (ACH).
The Processor will provide an account and software accessible via the Internet to the Club for the cost of
the Setup Fee in Schedule A. The software will allow EFT transactions to be uploaded from
Flexware/PMS Club Management Software (PMCMS), via the internet, to Processor. The Processor will
also provide phone support for any questions related to the setup, installation or operation of the PMCMS
for the term of this agreement. A renewable license number will be issued each year for the PMCMS as
part of this agreement.
The returns received by the Processor will be electronically delivered to the Club via email and/or
internet download.
Now, therefore, in consideration of the mutual promises contained herein, it is agreed as follows:
1.
The Processor will transmit credit and debit entries initiated by the Club to the ACH as provided
in the ACH Rules (the "Rules"), as in effect from time to time and this Agreement.
The ACH Rules “Corporate Version” is available by contacting:
National Automated Clearing House Association (NACHA)
13665 Dulles Technology Drive, Suite 300
Herndon, VA 20171
703-561-1100
www.nacha.org
2.
The Club will comply with the Rules insofar as applicable. The specific duties of the Club
provided in the following paragraphs of this Agreement in no way limit the foregoing
undertaking.
3.
The Club will obtain written authorizations for consumer entries and shall retain the original or a
microfilm record for two (2) years after termination or revocation of s