USE OF CARD AND PIN Clause Samples
The 'Use of Card and PIN' clause defines the rules and responsibilities associated with using a payment card and its corresponding Personal Identification Number (PIN). It typically outlines how cardholders must keep their PIN confidential, use the card only for authorized transactions, and follow security protocols when entering their PIN at ATMs or point-of-sale terminals. This clause serves to protect both the cardholder and the issuer by minimizing the risk of unauthorized access and fraudulent transactions, ensuring secure and proper use of the card.
USE OF CARD AND PIN. 2.1 RECEIPT OF CARD/PIN Once your application for a Card is approved, we shall send you a Card and a Personal Identification Number (PIN) to be used in conjunction with your Card. When you receive your Card, you should promptly sign on the signature row at the back of the Card with the same signature as set out in your application form for the Card or, if there is no signature set out in your application form, such signature as will be used by you for all Card Transactions and comply with such Card activation procedures as may be prescribed by us. By activating, signing or using the Card, and/or completing any activation procedure for any Tokenised Card, Enabled Device or Digital Payment Service, you agree to be bound by the terms and conditions of this Agreement and any other terms we may designate as applicable in respect of such Card and/or Digital Payment Service, as the case may be and to be liable for all transactions made by or through the same. No other person is allowed to use your Card to effect any transactions.
USE OF CARD AND PIN. 2.1 RECEIPT OF CARD/PIN Once your application for a Card is approved, we shall send you a Card and a Personal Identification Number (PIN) to be used in conjunction with your Card. When you receive your Card, you should sign the Card and comply with such Card acti- vation procedures as may be prescribed by us. By doing so, you will be bound by the terms and conditions of this Agreement.
USE OF CARD AND PIN. The Card and PIN number are provided solely for your use and protection. DO NOT REVEAL YOUR PIN NUMBER TO ANYONE ELSE OR WRITE IT DOWN WHERE IT IS AVAILABLE TO OTHERS. You agree that you will at all times: (1) safely keep the Card and PIN number and not permit any unauthorized person to use them; (2) refrain from writing the PIN number on the card or otherwise disclosing or making it available to anyone else; and (3) use the Card, PIN number and terminals only as instructed and only for purposes from time to time authorized by the Bank. If you authorize another person to use the Card and PIN in violation of this Agreement, you agree to assume full responsibility for such use and we will be entitled to charge your Account for all such Transactions by such person. The card and PIN are personal and untransferable. Any use of the card imposes on the user the obligation to exhibit it, fully identify himself, observe the steps and procedures in force, sign, if such were the case, any documents and vouchers in the presence of the employee of the bank or relevant establishment, maintain in strict confidence the reports, codes, procedures, etc., which may come to his knowledge in connection with the card. "You will be responsible for all Transactions made with the card assigned to you and with the cards delivered to your AUTHORIZED CARD HOLDERS”.
USE OF CARD AND PIN. You have requested that Educators issue you a Card. Educators will issue a unique PIN that you may choose, or we will assign one for you at your option. Do not reveal your PIN to anyone else or write it down anywhere it may be available to others. DO NOT WRITE YOUR PIN ON YOUR CARD. DEPOSITS: All checks or drafts authorized through a terminal for deposit are credited subject to collection and the credit will be reversed if the check or draft is not paid. All cash deposits are received subject to verification. If the reversal overdraws the account, Educators may charge all or part of the deficiency to any other account at Educators of any member authorized to use the Card and member shall pay to us any deficiency which cannot be paid out of such accounts. Educators places a three (3) business day hold on all ATM deposits. $500 is made available right away. You should not make cash withdrawals, check card purchases or write checks for more than that amount until after the three (3) business day hold, or your transactions may be denied. BUSINESS DAYS: Our business days are Monday through Friday, excluding holidays.
USE OF CARD AND PIN. You have requested that Educators issue you a Card. You will choose the PIN for your Card. Do not reveal your PIN to anyone else or write it down anywhere it may be available to others. DO NOT WRITE YOUR PIN ON YOUR CARD. DEPOSITS All checks or drafts authorized through a terminal for deposit are credited subject to collection and the credit will be reversed if the check or draft is not paid. All cash deposits are received subject to verification. If the reversal overdraws the account, Educators may charge all or part of the deficiency to any other account at Educators of any member authorized to use the Card and member shall pay to us any deficiency which cannot be paid out of such accounts. Educators places a three (3) business day hold on all ATM check deposits. If a deposit only contains cash, there will be no hold placed on the cash deposit. You should not make cash withdrawals, check card purchases or write checks for more than that amount until after the three BUSINESS DAYS: Our business days are Monday through Friday, excluding holidays. CARD OWNERSHIP TERMINATION: The Card remains the property of Educators and shall be surrendered immediately to Educators upon request. We may withhold approval of any transaction at any time. ACCOUNT REQUIREMENT, PAYMENT RESPONSIBILITY: The services described in the Agreement will be available to you as long as you maintain an Account with us. You are liable for the payment of Card transactions authorized by you. If any terms of the Agreement cannot be legally enforced, it will be considered changed to the extent necessary to comply with applicable laws. RESPONSIBILITY FOR TRANSACTIONS: You are responsible for all transactions you make with the Card or that you authorize another person to make with the Card. If the Account is a joint account, all transactions involving the Account are binding on all account holders. Refer to UNAUTHORIZED TRANSACTIONS below concerning your liability for unauthorized transactions. UNAUTHORIZED TRANSACTIONS: You agree to examine your receipts and periodic statements in a timely manner. If you believe your Card or PIN has been lost, stolen, or someone has or may use your Card without your permission, you should notify us either verbally or in writing immediately at: