Common use of Unauthorised use of the card Clause in Contracts

Unauthorised use of the card. 5.1 The Business Client and the cardholder must take all reasonable steps to prevent any unauthorised use of the card and PIN (if a PIN has been issued). 5.2 In the event of your card being stolen, lost or unreturned by an ATM, or where your card details or your PIN have been compromised, you must notify FNB Credit Card immediately by calling the Lost Card number. 5.3 Lost Card Protection (LCP) is included in the annual card fee and will protect the Business Client and the cardholder against unauthorised and fraudulent use of the card, except for PIN-based transactions, if the card is lost or stolen. 5.4 If the Business Client or the cardholder is negligent in safeguarding the card or in reporting the card lost or stolen, the Business Client will be liable for unauthorised and fraudulent transactions that occur on the card as a result of the loss or theft, except for PIN based transactions. 5.5 If either the Business Client or the cardholder is negligent in reporting the card lost or stolen or in safeguarding the card, they will not be covered under LCP and will be responsible for all unauthorised and fraudulent use of the card. 5.6 Any delay in reporting the card lost or stolen, will be regarded as negligence and the Business Client or the cardholder will have to prove to us that they were not negligent. 5.7 Any unauthorised transaction made using the card and PIN will not be covered by us and will be the sole responsibility of the Business Client and the cardholder.