Card issuer’s liability for unauthorised transactions Clause Samples

Card issuer’s liability for unauthorised transactions. If the cardholder is not liable for unauthorised transactions in accordance with section 12.1 (Cardholder’s liability for unauthorised use of card), the card issuer shall immediately refund the amount of such unauthorised transaction, unless the card issuer has reasonable grounds for suspecting intended incorrect notice or such other fraudulent procedure and communicates this and the grounds to the Finnish Financial Supervisory Authority (Finanssivalvonta) in writing. Where applicable, the card issuer shall restore the account to the state in which it would have been had the unauthorised transaction had not taken place. The card issuer reserves the right to debit the account again if it is later established that the cardholder is liable for the amount in whole or part.
View SourceView Similar (5)
Card issuer’s liability for unauthorised transactions. If the cardholder is not liable for unauthorised, unexecuted or erroneous transactions in accordance with section 12.1 (Cardholder’s liability for unauthorised use of card), the card issuer shall immediately refund the amount of such unauthorised unexecuted or erroneous transaction, unless the card issuer has reasonable grounds for suspecting intended incorrect notice or such other fraudulent procedure and communicates this and the grounds to the Finnish Financial Supervisory Authority (Finanssivalvonta) in writing. Where applicable, the card issuer shall restore the account to the state in which it would have been had the unauthorised, unexecuted or erroneous transaction had not taken place. The card issuer reserves the right to debit the account again if it is later established that the cardholder is liable for the amount in whole or part. No interest shall be paid on any monetary amount to be refunded, and no other expenses incurred to the cardholder shall be compensated for.
View Source

Related to Card issuer’s liability for unauthorised transactions

  • Liability for all card transactions Subject to clause 9.3, you are liable for all card transactions effected by the use of the card at an ATM whether with or without your knowledge or authority, save in the case of our or our employees’ fraud, gross negligence or wilful default.

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Liability for Unauthorized Transactions Protection from Unauthorized Transactions What is an Unauthorized Transaction What is not considered an Unauthorized Transaction Reporting an Unauthorized Transaction Error Resolution What is an Error

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • Note for Victorian customers In Victoria, a retailer must obtain a customer’s 'explicit informed consent' to base the customer’s bill on an estimation, unless the meter cannot be read or the metering data is not obtained.