AUTHORIZATION OF A TRANSACTION. (a) Subject to paragraph 3(f) above, a Transaction is authorized by signing the sales draft or inserting the PIN at a point of sale οr the Cardholder’s and/or the Authorized Cardholder’s biometrics or as per the instructions of the Merchant, or if the Transaction is made through the internet or in case of postal or telephone order, the Cardholder and/or the Authorized Cardholder authorizes the Transaction according to the instructions of the Merchant or the supplier of the goods or services that may include:
(i) has set certain internal security limits with a maximum limit, daily or other and/or any other per Transaction limit and/or a maximum number of Transactions, daily or for a certain period of time and thus may refuse to authorize a certain Transaction and/or
(ii) may request from the Merchant any further information and/or
(iii) may ask the Cardholder and/or the Authorized Cardholder and/or the holder of the Card Account to produce further evidence of his identity. This may also be done for fraud prevention purposes. The Bank shall not be liable for any damage suffered by the Cardholder and/or the Authorized Cardholder and/or the holder of the Card Account as a result of delay or refusal to execute a Transaction, for the reasons mentioned above. The maximum internal per day limit and other security limits and/or the per Transaction amount and/or the maximum number of Transactions applicable are adequate to cover the majority of Transactions. Where the Cardholder and/or the Authorized Cardholder intends to make a Transaction for a higher amount or a larger number of Transactions, the Cardholder should contact his branch during working hours and inform them as to the time and/or the amount and, depending on the Card Account balance available, there may be an increase/variation of the internal limits.
