Disclosure of Key Card Terms. The Parties understand that the fees and substantive terms associated with a Card should be readily available for review by any Person inquiring about a Card. Each Party shall take commercially reasonable steps to ensure that prospective Cardholders have an opportunity to review the Cardholder Agreement if they desire to do so prior to submitting an application for a Card. Manager shall also ensure that customer service representatives and Manager staff and its Distributors are knowledgeable of the fees and substantive terms of each Program. The Parties shall each ensure that the Cardholder Agreement is available on any website administered by the respective Party to support a Program. Manager shall also clearly and conspicuously disclose to the Cardholder and any Applicant for a Card any dormancy fee that may be assessed each Card, how often such fees may be assessed, the conditions under which a fee may be assessed and that such fee may be assessed for inactivity.
Appears in 2 contracts
Sources: Prepaid Card Program Manager Agreement (Marqeta, Inc.), Prepaid Card Program Manager Agreement (Marqeta, Inc.)
Disclosure of Key Card Terms. The Parties understand that the fees and substantive terms associated with a Card should be readily available for review by any Person inquiring about a Card. .Each Party shall take commercially reasonable steps to ensure that prospective Cardholders have an opportunity to review the Cardholder Agreement if they desire to do so prior to submitting an application for a Card. .Manager shall also ensure that customer service representatives and Manager staff and its Distributors are knowledgeable of the fees and substantive terms of each Program. .The Parties shall each ensure that the Cardholder Agreement is available on any website administered by the respective Party to support a Program. .Manager shall also clearly and conspicuously disclose to the Cardholder and any Applicant for a Card any dormancy fee that may be assessed against each Card, how often such fees may be assessed, the conditions under which a fee may be assessed and that such fee may be assessed for inactivity.
Appears in 1 contract
Sources: Prepaid Card Program Management Agreement (Cuentas Inc.)