Common use of BLOCKING OF THE CARD Clause in Contracts

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent or unauthorized use of the Card and/or any additional Card, where applicable, and/or the PIN and/or the personalized security credentials or relating to suspicious Transactions or the significantly increased risk of inability of the Cardholder and/or the holder of the Card Account to fulfill his liability to pay and/or settle the balance according to paragraphs 6(d) and 6(e). (b) In such cases, the Bank shall inform, in accordance to paragraph 15 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any third party its decision and the reasons for it, before or immediately after the blocking of the Card and/or any additional Card, where applicable, (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist.

BLOCKING OF THE CARD. (a) The Bank has the right to immediately block the use of any Card and/or additional Card, where applicable, or refuse to reissue or renew or replace the Card and/or any additional Card, where applicable, for objectively justified reasons relating to the security of the Card, the suspicion or risk of fraudulent or unauthorized use of the Card and/or any additional Card, where applicable, and/or the PIN and/or the personalized security credentials or relating to suspicious Transactions or the significantly increased risk of inability of the Cardholder and/or the holder of the Card Account to fulfill his liability to pay and/or settle the balance according to paragraphs 6(d) and 6(e). (b) In such cases, the Bank shall inform, in accordance to paragraph 15 the Cardholder and/or the holder of the Card Account and/or the Authorized Cardholder and/or any third party its decision and the reasons for it, before or immediately after the blocking of the Card and/or any additional Card, where applicable,, unless this is prohibited under European or National Legislation or such information would compromise objectively justified security reasons. (c) The Bank shall unblock the Card and/or any additional Card or replace it with a new one once the reasons for blocking no longer exist.