Account Agreements
We have removed the definition for Account Agreements. We no longer need these to operate domestic or international accounts.
Administrators and Users
We have changed the terminology relating to users. Where we previously defined various types of user such as, Account Maintenance Users, Service Administrators and Service Auditors, we now refer to Primary Administrators, Administrators and other Users. We have retained the concept of Permissions but this has changed. All Users will be registered to use the Service and will be allocated specific Permissions by you depending on the type of User they are. The term Primary Administrators refers to Users appointed by you who can access all Users and the full range of our online products. The term Administrators refers to Users appointed by Primary Administrators on your behalf to access specific accounts and specific Users. An Administrator has a more limited range of powers than a Primary Administrator but can change and create Permissions for Users within their assigned groups. Our changes give you the flexibility to allocate bespoke Permissions to each User. There is no longer a distinct concept of self-approval.
Cash Management Service
We no longer refer to the Cash Management Services. The term Online Payment and Viewing Function is now used to describe these services.
Euro Payment Day
We no longer refer to Euro Payment Day. Where payments are to be made in other currencies, the terms which govern such payments are contained in the Relationship Terms & Conditions document. This also removes the need for the definition of Target2.
Intellectual Property Rights
We have included a definition of Intellectual Property Rights to clarify the broad range of rights we are looking to protect.
Online Payment and Viewing Functions
We have changed the definition of Services and now refer to the functions that allow you to view balances and statements, and transfer funds between accounts, as the Online Payment and Viewing Functions.
Payment Systems
We no longer refer to Payment Systems. The definition of Service Equipment includes payment systems so there is no need to refer to such systems separately. The definition of Systems has also been removed.
Permissions
We have retained the concept of Permissions but this has changed. Where we previously defined various types of user such as; Creator, Verifier, Approver and Submitter all Users will be registered to use the Service and will be allocated specific Permissions by you depending on the type of User they are. The term Primary Administrators refers to Users appointed by you and who can access all Users and the full range of our online products. The term Administrators refers to Users appointed by Primary Administrators on your behalf to access specific accounts and specific Users. An Administrator has a more limited range of powers than a Primary Administrator but can change and create Permissions for Users within their assigned group. Our changes give you the flexibility to allocate bespoke Permissions to each User.
Proprietary Information
We have introduced a definition of Proprietary Information which covers all material and information that we provide to you in respect of the Services. This is used in conjunction with clause 14.2 which clarifies that we own this information.
Security Device
We have amended the definition of Security Device. We no longer refer to specific types of security device such as the Authenticator Card, PIN and Reader. Security Devices may include hardware, software and any other items designed to help protect your online banking security.
Security Procedures
We have introduced a definition of Security Procedures to clarify what these include. Such references could be to Security Devices and the security information we provide to you.
Self Approval
We no longer define Self Approval. Individual Users will be assigned Permissions by you which will include the ability for such Users to approve payments.
Service
As in the Current Terms, the definition of Service allows us and you the flexibility to determine the scope of service you need. This means the service we offer you may change from time to time. The Product & Services Terms & Conditions for the Service governs the provision of the Service. This is structured differently to the Current Terms and therefore there are no service specific conditions referring to particular parts of the Service.
Service Specific Conditions
The Product & Services Terms & Conditions for the Service has been structured differently to the Current Terms. All of the terms and conditions are contained within it as supplemented by the Relationship Terms & Conditions and the General Information on Payments, Charges & Contacts document. On this basis, we do not refer to any service specific conditions and there is no longer a need for any annexes dealing with such specific terms. This means that specific terms that were covered off in the Annexes to your Current Terms around Instructions and Operating Hours are covered off in the Product & Services Terms & Conditions for the Service.
User Guide
We no longer refer to the User Guide. Any information supporting the Service will be found in the Relationship Terms and Conditions, other relevant Product & Services Terms & Conditions and the General Information on Payments, Charges & Contacts document.
User Instruction
We have replaced the definition of Instructions with User Instructions. This now covers all instructions given by Users.