Business Debit Cards Sample Clauses

The 'Business Debit Cards' clause defines the terms and conditions under which a business may be issued debit cards linked to its account. It typically outlines who within the business is authorized to receive and use the cards, the permitted types of transactions, and the responsibilities of the business for monitoring card use and reporting unauthorized activity. This clause ensures that both the financial institution and the business understand their respective obligations and liabilities, thereby reducing the risk of misuse and clarifying procedures for handling disputes or fraudulent transactions.
Business Debit Cards. 5.1 We will issue debit cards per Business Account (and a related PIN) for use by any individual named in your Account Operating Instructions (we call this person an “authorised user”). You will be liable for all amounts arising from, or incurred by us in connection with, the use of a debit card by an authorised user (including any use in breach of our agreement with you which we shall be under no obligation to prevent) which may be debited to your Business Account. 5.2 You must follow, and you must ensure that each authorised user follows, any instructions that we give in connection with the safekeeping of the debit card, card details and PIN and any other requirements in Part D applicable as a cardholder. In particular each authorised user, 5.2.1 must sign their debit card as soon as it is received; and, 5.2.2 must not allow anyone else to use their card, card details or PIN and must always keep their card safe; and, 5.2.3 must not use the card nor the card details for any illegal purpose. 5.3 We may cancel or suspend the use of a debit card at any time if we reasonably suspect fraudulent or other misuse of the debit card or that any security requirements relating to the use of the debit card, card details or PIN have been compromised. If we do cancel or suspend the use of a debit card, we will tell you as soon as possible unless the law prevents us from doing so or we reasonably believe it would undermine our security measures. Once a debit card has been cancelled you should ensure that the authorised user stops using the debit card and that the debit card is destroyed by cutting it in half across the black stripe and/or through the chip.
Business Debit Cards. You agree to use Business Debit Cards only in the United States
Business Debit Cards. 40 a. Definition of Services 40 b. Card Issuance and Use. 41 c. Your Payment Obligations 42 d. Transaction Limitations 43 e. Discretionary Overdraft Service for Card Transactions 43 f. Hold on Funds 44 g. Electronic Wallets 44 h. Canceling Cards 44 i. Disclosing Information in Card Transactions 44 j. Review of Statements; Address and Telephone Number 45