Common use of CARD AGREEMENT Clause in Contracts

CARD AGREEMENT. You understand that your Card is issued by us, remains our property and is subject to ATM network regulations which financial institutions must follow. The Card(s) are not transferable. By using your Card, you are agreeing to the following terms: (A) to abide by our rules and regulations and those of the participating ATM network which may be amended from time to time; (B) that we and the ATM network may follow all electronic instructions given through the ATM; (C) that we may restrict the use of or terminate your Card at any time without notice to prevent loss to your account or to the credit union. Misuse or mismanagement of your Card could result in the termination of your Card and other credit union services. The term “mismanagement” means without limitation, multiple reissues, compromises or losses related to your Card within a twelve (12) month period. As part of this Agreement, you are automatically enrolled in the Visa Account Updater which enables a periodic electronic exchange of card information between Issuers, Visa and Acquirers, and card-on-file merchants. This service provides automatic updates of Card information to remove the necessity of manually updating Card information with a card-on-file merchant. For example, in the case of an updated card expiration date. You have the option of opting out of this service by contacting us at the telephone numbers listed below.

Appears in 2 contracts

Samples: Atm Card and Visa Debit Card Agreement, Atm Card or Visa Debit Card Agreement

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CARD AGREEMENT. You understand that your Card is issued by us, remains our property property, and is subject to ATM network regulations which financial institutions must follow. The Card(s) are not transferable. By using your Card, you are agreeing to the following terms: (A) to abide by our rules and regulations and those of the participating ATM network which as may be amended from time to timeamended; (B) that we and the ATM network may follow all electronic instructions given through the ATM; (C) that we may restrict the use of or terminate your Card at any time without notice to prevent loss to your account or to the credit union. Misuse or mismanagement of your Card could result in the termination of your Card and other credit union services. The term “mismanagement” means means, without limitation, multiple reissues, compromises compromises, or losses related to your Card within a twelve (12) month period. As part of this Agreement, you are automatically enrolled in the Visa Account Updater which enables a periodic electronic exchange of card information between Issuers, Visa and Acquirers, and card-on-file merchants. This service provides automatic updates of Card information to remove the necessity of manually updating Card information with a card-on-file merchant. For example, in the case of an updated card expiration date. : You have the option of opting out of this service by contacting us at the telephone numbers listed below.

Appears in 1 contract

Samples: Visa Health Savings Debit Card Agreement

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