Authorisation of Transactions. You authorize payments with your Card by • tapping your Card against a contactless enabled reader • inserting the Card chip and entering your Personal Identification Number (PIN) • entering manually or requesting a merchant to initiate a transaction on the phone providing your Card number, expiry date, security code (CVC). • swiping the magnetic stripe and signing the transaction receipt. You cannot cancel payments which you have already authorized and to which the payee already consented to. You may be able to cancel transactions that you have authorized for a future date (including recurring transactions) by contacting the Merchant before the date on which the payment is due to be made, or by contacting us. Further details are contained in the User Agreement.
Authorisation of Transactions. 24.4.1. The Merchant shall always perform authorisation of a payment transaction if the amount is equal to or exceeds the Authorisation Limit set by Nets for the Merchant Outlet in question or the Authorisa- tion Limit set by the issuer for a certain Payment Card or if the transaction type requires an Authori- sation unless otherwise agreed in writing with Nets.
24.4.2. In E-Commerce, Card Not Present-Transactions must always be authorised.
Authorisation of Transactions. 6.1. The Merchant must apply to VPS for Authorisation for all Transactions including Budget Transactions, at the time of the Transaction by:
6.1.1. Tapping a Card on the POS device for a Contactless Payment
6.1.2. inserting a Card into the POS device and allowing the Customer to key in the PIN; or
6.1.3. by following the security prompts for other payment instructions.
6.2. The Merchant may not override a Transaction if the Merchant’s request for Authorisation of the Transaction is declined electronically.
6.3. The Merchant may not process a Fallback Transaction in order to avoid processing the Card by using the POS device.
6.4. The Merchant may not force through Transactions by using the supervisor PIN without obtaining a valid Authorisation code.
6.5. The Merchant must ensure that the Card that is presented to the Merchant by the Customer has not expired.
6.6. The Merchant must obtain the signature of the Customer on the Receipt when instructed to do so and provide the Customer with a legible copy of the Receipt. The Merchant must compare the signature on the back of the Card with the signature on the Receipt. Should the signatures not correspond, do not accept the card. This provision only applies Cards, where a chip on a Card has been damaged and a Fallback Transaction is processed with the Customer entering a PIN on the POS device. Fallback Transactions with signature only may not be processed.
6.7. Should one or more of the abovementioned requirements not be met, the Transaction in question will be regarded as invalid and VPS may immediate terminate the Agreement on notice to the Merchant and apply set-off, net-settlement and/or debit the Merchant’s Merchant Account with the value of the loss or losses incurred.
Authorisation of Transactions and cancellation of payment orders
Authorisation of Transactions. 10.1 You must authorise each Transaction. A Transaction may be unique, recurring or pre-authorised to the extent that its amount cannot be known at the time of the start of the Transaction.
10.2 A Transaction is considered to be authorised if you have authorised it in situ following the instructions given by the Merchant. These instructions may include:
i. the entering of your PIN Code or the use of other Security Data;
ii. the adding of your signature;
iii. the provision of data appearing on your Card, Security Data or the use of a Protection System;
iv. the formulation of a request for a cash withdrawal at any bank counter or branch or at any Merchant, subject to provision of appropriate Security Details.
10.3 A Transaction will also be authorised if you have carried out a Transaction from the online Account, either using your Security Data, or if you have set up a SEPA direct debit.
10.4 You can set up a new Payee by providing their name, value of funds, Unique Identifier and payment reference via the online Account. You must authorise each new Payee by entering the security code that we will send you by secure means. Future Payment Orders to the same Payee will not require a security code.
10.5 Authorised Transactions that have not yet been executed may be withdrawn if you contact the Merchant and send us the confirmation of your withdrawal as notified to the Merchant by the close of business on the Business Day preceding the date on which the Transaction was to take place.
10.6 You have a period of 8 weeks to dispute a Transaction that you authorised without knowing the exact amount, if this amount is higher than that which you reasonably expected. This period will begin on the day the Transaction is debited to your Account. We reserve the right to dispute your position if it is not legitimate or justified.
Authorisation of Transactions. You can authorise payments with your Card by: • tapping your Card against a contactless enabled reader; • inserting the Card chip and entering your Personal Identification Number (PIN); • entering your Card details manually at the merchant’s point of sale (including website); • requesting a merchant to initiate a transaction on the phone providing your Card number, expiry date, security code (CVC); or • swiping the magnetic stripe and signing the transaction receipt.
Authorisation of Transactions. The Merchant shall always perform authorisation of a payment transaction if the amount is equal to or exceeds the Authorisa- tion Limit set by Nets for the Merchant Outlet in question or the Authorisation Limit set by the issuer for a certain Payment Card or if the transaction type requires an Authorisation unless otherwise agreed in writing with Nets. In E-Commerce, Card Not Present-Transactions must always be authorised. Cashback in shops in conjunction with the use of a Payment Card is only permitted if it takes place in connection with a Card Pay- ment for the purchase of products or services. The Payment Card must have been issued in Finland and the transaction currency must be EUR. Regardless of the amount, Authorisation for cashback must always take place online, and the transaction must be completed using a PIN. The Authorisation amount must include both the purchase price of the product or service and the cash amount paid out as “cashback”. The amount of cashback must not exceed the maximum amount set out in the Merchant Instructions. The Receipt must show the purchase amount and the cashback amount separately. No merchant commission is charged for cash withdrawals made in connection with cashback transactions on cashback certified pay¬ment terminals. However, for the purchase portion of the transac¬tion, a merchant commission will be charged, in accord- ance with commission rates for transactions. The agreement is subject to Finnish law excluding its choice of law provisions. Any disputes that arise between the parties and which cannot be resolved through negotiation may be brought before the Finnish courts, in which case Helsinki District Court will be the court of first instance.
Authorisation of Transactions. All P.O.S. Transactions are subject to authorisation by electronic means. The Merchant shall use the P.O.S. Equipment to obtain authorisation, to obtain an authorisation code, to capture transaction data and to produce a paper copy of the Transaction Receipt whether being a purchase by credit card or by a debit card transaction, all in accordance with the Bank’s Operating Procedures. If the P.O.S. Terminal is inoperative for any reason the limits established by the Bank shall still be applicable except if otherwise advised by the Bank in writing. Except in the case of a Multilink Debit Card or any debit card stated to be for electronic use only, the Merchant may obtain oral authorisation by calling the Bank's Telephone Contact Centre whenever: (a) the P.O.S. system is inoperative; (b) the P.O.S. Terminal is Off-host; (c) the Merchant believes or has good reason to suspect the Card which is presented is counterfeit, stolen or that the transaction is in some manner suspicious; (d) the Merchant received a "Call Centre" message from the P.O.S. Terminal. The Merchant agrees to obtain an oral authorisation by calling into the Bank's Merchant Services Department and providing details on the Card as requested by the Bank's Merchant Services Department.
Authorisation of Transactions. 1.3.1 The Agreement and the transactions contemplated thereby will, assuming due execution and delivery by the Purchaser and the Guarantor, constitute the valid and legally binding obligations of the Sellers, the Shareholders and the Company enforceable in accordance with its terms, subject to the applicable bankruptcy, insolvency, reorganisation, moratorium and other similar laws affecting creditors’ rights generally and the principles of reasonableness (redelijkheid) and fairness (billijkheid) and further subject to the discretionary authority of a court of competent jurisdiction with respect to the granting of a decree ordering specific performance or other equitable remedies.
1.3.2 Neither the execution and the delivery of this Agreement, nor the consummation of the Transaction, will conflict with or result in a breach or violation of any provision of the articles of association of the Sellers, the Shareholders and the Company or any resolution of their respective management board or of their shareholders, breach or violate or constitute a default under any Applicable Law, order, decree or other restriction of any governmental Authority to which Sellers, their Shareholders or any of them are subject.
1.3.3 The Execution of this Agreement by the Sellers or the Shareholders does not require any material consent or approval from or notification with any Third Party or Governmental Authority which has not been obtained. Signature copy
Authorisation of Transactions. 1.3.1 The Agreement and each other document, agreement or instrument to be executed by the Guarantor or the Purchaser pursuant to this Agreement and the transactions contemplated thereby will, assuming due execution and delivery by the Parties, constitute the valid and legally binding obligations of each of the Guarantor and the Purchaser, enforceable in accordance with its terms, subject to the applicable bankruptcy, insolvency, reorganisation, moratorium and other similar laws affecting creditors’ rights generally and the principles of reasonableness and fairness and further subject to the discretionary authority of a court of competent jurisdiction with respect to the granting of a decree ordering specific performance or other equitable remedies.
1.3.2 Neither the execution and the delivery of this Agreement or any other document, agreement or instrument to be executed by the Guarantor or the Purchaser pursuant to this Agreement, nor the consummation of the Transaction, will Signature copy materially conflict with or result in a material breach or violation of any provision of the Certificate of Incorporation or Bylaws of the Guarantor, the formation documents or other constituent documents of the Purchaser, or any resolution of their respective management boards or of their respective shareholders or materially breach or violate or constitute a material default under any Applicable Law, order, decree or other restriction of any Governmental Authority to which Guarantor, the Purchaser, their respective stockholders or any of them are subject.
1.3.3 The Execution of this Agreement by the Guarantor and the Purchaser and each other document, agreement or instrument to be executed by the Guarantor or the Purchaser pursuant to this Agreement does not require any material consent or approval from or notification with any Third Party or Governmental Authority which has not been obtained.
