Common use of Authorising Transactions Clause in Contracts

Authorising Transactions. 3.1 A Card transaction will be regarded as authorised by the Client where; i. the transaction is authorised at the point of sale by following the instructions provided by the Retailer to authorise the transaction, which may include: a. entering the PIN; b. signing a sales voucher; c. providing the Card details and/or providing any other details as requested; d. waving or swiping the Card over a card reader. ii. the Card is inserted in an ATM and PIN entered to request a cash withdrawal; iii. a request is made at any bank counter for a cash advance; 3.2 After an authorisation for a transaction is received it may not be withdrawn (or revoked), unless the Client gives notice to the Retailer providing a copy of the notice to the Bank. A Fee may be charged if a transaction is revoked under this clause. 3.3 As a fraud prevention measure, daily and weekly limits may be placed by the Bank on the maximum amount and number of transactions that the Client may effect. The amount/type of limits may be changed from time to time by the Bank as it deems appropriate in the circumstances. The Client may obtain information about these limits by calling the Bank on 2558 1789. Should the Client wish to modify any of the limits imposed by the Bank, the Bank may at its discretion do so upon the Client’s responsibility. Other banks may impose their own limits on the amount of transactions that can be effected.

Authorising Transactions. 3.1 A Card transaction will be regarded as authorised by the Client Customer where; i. the transaction is authorised at the point of sale by following the instructions provided by the Retailer to authorise the transaction, which may include: a. entering the PIN; b. signing a sales voucher; c. providing the Card details and/or providing any other details as requested; d. waving or swiping the Card over a card reader. ii. the Card is inserted in an ATM and PIN entered to request a cash withdrawal; iii. a request is made at any bank counter for a cash advance;. 3.2 After an authorisation for a transaction is received it may not be withdrawn (or revoked), unless the Client Customer gives notice to the Retailer providing a copy of the notice to the Bank. A Fee may be charged if a transaction is revoked under this clause. 3.3 As a fraud prevention measure, daily and weekly limits may be placed by the Bank on the maximum amount and number of transactions that the Client Customer may effect. The amount/type of limits may be changed from time to time by the Bank as it deems appropriate in the circumstances. The Client may obtain information about these limits by calling the Bank on 2558 1789. Should the Client Customer wish to modify any of the limits imposed by the Bank, the Bank may at its discretion do so upon the ClientCustomer’s responsibility. Other banks may impose their own limits on the amount of transactions that can be effected.