Common use of Card issuer’s liability for unauthorised transactions Clause in Contracts

Card issuer’s liability for unauthorised transactions. If the cardholder is not liable for unauthorised transactions in accordance with section 12.1 (Cardholder’s liability for unauthorised use of card), the card issuer shall immediately refund the amount of such unauthorised transaction, unless the card issuer has reasonable grounds for suspecting intended incorrect notice or such other fraudulent procedure and communicates this and the grounds to the Finnish Financial Supervisory Authority (Finanssivalvonta) in writing. Where applicable, the card issuer shall restore the account to the state in which it would have been had the unauthorised transaction had not taken place. The card issuer reserves the right to debit the account again if it is later established that the cardholder is liable for the amount in whole or part.