Common use of Cardholder Clause in Contracts

Cardholder. a natural person to whom the card issuer has issued a card. Credit interest the interest rate consisting of the reference rate and margin agreed in the agreement charged for the use of the credit. Credit limit the euro denominated limit within which the credit can be used. Contactless payment payment at manned or unmanned terminals by using the card’s built-in transmitter (symbolised on the card by ) without inserting the card in a terminal. CVV2/CVC2 verification number the three-digit number on the back of the card which is used to verify the authenticity of the card. Minimum instalment a personal amortisation amount of the card debt agreed with the card issuer and invoiced from the cardholder on a due date. Mobile unit mobile phone, tablet, watch, bracelet or other device with access to internet or other network. Parallel card a card which has, with the primary cardholder’s consent, been issued to a parallel cardholder. Parallel cardholder a cardholder indicated as a parallel cardholder in the agreement. Payee a merchant or a service provider which accepts the card payment. Payment order approval of a transaction by the cardholder in accordance with section 5 (Approval of a transaction or cancellation of a payment order). Personalised security credentials personalised features provided or approved by the card issuer for the purposes of authentication of the cardholder, e.g. access code or biometric datasuch as fingerprint, face or iris scanning.