Card Blocking Clause Samples

The Card Blocking clause allows a card issuer or service provider to temporarily or permanently disable a cardholder’s payment card, preventing its use for transactions. This typically applies in situations such as suspected fraud, loss, theft, or breach of terms, and may be initiated automatically by the system or upon request by the cardholder. The core function of this clause is to protect both the cardholder and the issuer from unauthorized transactions and financial loss by swiftly restricting access to the compromised card.
Card Blocking a measure generally consisting of a permanent restriction on the ability to carry out all Payment Transactions with the Card. The Card may be blocked by the Bank or upon request of the Cardholder, or possibly the Account Owner, under the conditions set forth in these Terms. Cash Advance – a cash withdrawal using the Card at select counters of banks or exchange offices at establishments bearing the “Cash Advance” designation. Cash Back – a cash withdrawal using the Card where the Merchant allows a Cardholder to withdraw cash when making a cashless Payment Transaction with the Card. The Cash Back service is available at all Merchants bearing the “Cash Back” designation. CVV2/CVC2 (Card Verification Value/Code) Dynamic Currency Conversion (DCC) – Service enabling the calculation of Payment Transaction amounts into the currency specified by the Cardholder. Such determination of the Payment Transaction amount is final and the specified currency becomes the currency of the Payment Transaction. In approving the Payment Transaction, the Cardholder confirms that he has been informed of the exchange rate being applied, any possible fees, and the final amount in the specified currency, regardless of the currency in which the Payment Transaction was originally entered. E-commerce transactions – Payment transactions performed without the physical presence of the Card, except for Payment Transactions initiated by swiping the Payment Device at a POS. E-commerce transactions shall also mean Mail Order/Telephone Order transactions and the like. Cash transaction – other than a cashless Payment Transaction; this concerns cash withdrawals from Imprinter – a mechanical sensor intended for Infoline – the telephone number which the Cardholder can use for telephone communication with the Bank; this is primarily used to report the loss, theft or abuse of the Card. The Infoline is listed on the Public Website of the Bank and is also listed by the Bank on documents pertaining to the Card. Unique identifier (hereinafter “Identifier”) – The sixteen-digit Card number which identifies the Cardholder and Card when entering Payment Orders and carrying out Payment Transactions; for some Payment Transactions specified by the Terms, the sixteen-digit Card number identifies the Owner of the Account for which the Card is issued as the recipient of the amount of such Payment transactions. Card – a means of electronic payment through which the Cardholder gives the Bank Payment Orders for the pur...
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Card Blocking. Suspension of effectiveness/activity of the Card;
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Card Blocking. 9.1. The Bank reserves the right to temporarily block the Card in the following cases: 9.1.1. occurrence of danger of making Card transactions unauthorized by the Cardholder. The Bank determines the grounds for the card temporary blocking at its own discretion; 9.1.2. in case of violation/non-fulfillment by the Customer/Cardholder of the Agreement, the Rules, detected by the Bank's employees; 9.1.3. in case of erroneous receipt (crediting) of money to the Account; 9.1.4. in cases stipulated by the requirements of the Law of the Republic of Kazakhstan “On combating the legalization (laundering) of illegally gained income and financing of terrorism.” The Bank shall notify the Customer in writing in the event that the Card is blocked at the initiative of the Bank within 10 (ten) banking days of blocking. 9.2. The Cardholder provides the Bank with his contact details so the the Bank can reach to the Cardholder without delay to determine the extent of legitimacy of certain card transactions (the Cardholder’s participation or non-participation in the transaction). 9.3. In case of the Card loss or theft, the Cardholder should immediately contact the Bank (the Contact Center or any branch of the Bank at the place of location) with an oral or written request to block the Card (the “request”), and if the Cardholder is unable to contact the Bank, he can apply to any local bank that is a participant of the payment card system. The request shall contain the surname, name and patronymic of the Cardholder and, if possible, additional information: date of birth, code word, the Card number and validity, and the reason for blocking with the contact information – address and telephone number. The card blocking (request) shall be effective upon documentary registration of the request by the Bank's Authorization Center. 9.4. The Cardholder is responsible for the Card transactions made before the Card is blocked, and released from such responsibility once the Card is blocked. 9.5. If the Card previously declared lost is found, the Cardholder must immediately notify the Bank thereon, and then return the Card to the Bank. 9.6. The Customer undertakes to reimburse unconditionally all costs and legal expenses incurred by the Bank due to circumstances within control of the Customer/Cardholder and/or related to the Card blocking.
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Related to Card Blocking

  • Executive Order No 13224. Neither any Borrower nor any Affiliate of any Borrower or their respective agents acting or benefiting in any capacity in connection with the Advances or other transactions hereunder, is any of the following (each a “Blocked Person”): (i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224; (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224; (iii) a Person or entity with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; (iv) a Person or entity that commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order No. 13224; (v) a Person or entity that is named as a “specially designated national” on the most current list published by the U.S. Treasury Department Office of Foreign Asset Control at its official website or any replacement website or other replacement official publication of such list, or (vi) a Person or entity who is affiliated or associated with a Person or entity listed above. Neither any Borrower nor to the knowledge of any Borrower, any of its agents acting in any capacity in connection with the Advances or other transactions hereunder (i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order No. 13224.

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.

  • The Merchant (Customer) undertakes to comply with all the terms and conditions of this contract and all laws relevant to the subject matter of this contract.

  • Transactions with Insiders So long as the Note is outstanding, the Company shall not, and shall cause each of its subsidiaries not to, enter into, amend, modify or supplement, or permit any subsidiary to enter into, amend, modify or supplement any agreement, transaction, commitment, or arrangement relating to the sale, transfer or assignment of any of the Company’s tangible or intangible assets with any of its Insiders (as defined below)(or any persons who were Insiders at any time during the previous two (2) years), or any Affiliates (as defined below) thereof, or with any individual related by blood, marriage, or adoption to any such individual. Affiliate for purposes of this Section 9(r) means, with respect to any person or entity, another person or entity that, directly or indirectly, (i) has a ten percent (10%) or more equity interest in that person or entity, (ii) has ten percent (10%) or more common ownership with that person or entity, (iii) controls that person or entity, or (iv) shares common control with that person or entity. “Control” or “Controls” for purposes hereof means that a person or entity has the power, direct or indirect, to conduct or govern the policies of another person or entity. For purposes hereof, “Insiders” shall mean any officer, director or manager of the Company, including but not limited to the Company’s president, chief executive officer, chief financial officer and chief operations officer, and any of their affiliates or family members.

  • Cards 2.1 The Card is a prepaid payment card which may be used to pay for goods and services at participating retailers that accept prepaid Visa cards. The physical card may be used in shops and retail locations where the Cardholder is physically present or for online and other distance purchases. Your Card cannot be used to make cash withdrawals from ATMs and banks. Like any Card, We cannot guarantee that a particular retailer will accept the Card – Cardholders should check with the retailer before attempting the transaction if unsure. The Cardholder will not be able to use the Card to make any purchases from some retailers; such retailers have been blocked by Our systems in order to prevent the potential use of cards for unauthorised or unlawful activity. 2.2 The Card is an electronic money (“e-money”) product, regulated by the Financial Services Commission (“FSC”), Gibraltar. It is a prepaid card not a credit card and is not linked to Your bank account. You must ensure that You have sufficient Available Funds in the Master Wallet for the Cardholder to pay for each purchase or payment using the Card. The Card is intended for use as a means of payment, and funds loaded onto the Card do not constitute a deposit. You will not earn interest on the balance of the Card. The Card will expire on the Expiry Date and will cease to work. Please check clause 8 of this Agreement for further information. 2.3 The electronic money associated with the Card is issued by IDTFS to You. 2.4 When the Cardholder receives the Card, it will be issued in an inactive state. The Cardholder will need to activate it by logging onto Our Website, in Your personal login area (“Online Account Centre”) and then following the login and activation request for the Card prior to use. The Card will normally be ready for use one hour after activation. If the Cardholder does not activate the Card, any transactions that the Cardholder attempts to carry out may be declined.