Securing Cards and Account Data Clause Samples
The "Securing Cards and Account Data" clause establishes the obligation to protect sensitive payment card and account information from unauthorized access or disclosure. In practice, this clause typically requires parties to implement robust security measures such as encryption, restricted access, and compliance with industry standards like PCI DSS when handling cardholder data. Its core function is to mitigate the risk of data breaches and fraud, thereby safeguarding both consumers and businesses from financial loss and reputational harm.
Securing Cards and Account Data. You must secure Cards and Card Account Data in your possession or control, and you must ensure that your Stripe Issuing Accountholders secure Cards and Card Account Data in their possession or control. When stored or processed digitally, you must use appropriate organisational and technical measures to secure the Cards and Card Account Data in your possession or control, including through industry-standard encryption. You must monitor, and you must ensure that your Stripe Issuing Accountholders monitor, for suspicious, fraudulent and unauthorised Card Transactions on each Stripe Issuing Accountholder’s Stripe Issuing Account and each Card.
Securing Cards and Account Data. You and your Card Authorised Users are responsible for securing Cards and Card Account Data. When stored or processed digitally, you must use appropriate organisational and technical measures to secure Cards and Card Account Data in your and your Card Authorised Users’ possession or control, including through the use of industry-standard encryption and anti-fraud measures. You must monitor for any suspicious or unauthorised activities and fraud on your Stripe Issuing Account and each Card.
Securing Cards and Account Data. In addition to the data security obligations outlined in Section 10, the applicable Issuing Bank Terms describe your data security obligations related to Cards and Account Data.