Contactless Technology Clause Samples
Contactless Technology. When the card allows the Cardholder to operate with contactless technology, at ATMs, POS terminals and other devices of a similar nature with such technology that are accepted by the Bank, it will not be necessary to insert the card in the POS or device, nor to use the PIN, the Cardholder's handwritten signature or any other identification system, in operations below the established limit (currently €50 in Spain) and under the conditions in force at any given time. It is very important to pay attention to security alerts made available to the card which are sent via mobile phone in order to detect the possible use of the card by third parties, in case of theft or misappropriation.
Contactless Technology. 14.1 Contactless Technology means transaction conducted by taping the Card at the POS terminal which can be processed without PIN.
14.2 Contactless Transaction(s) within the prescribed limits as mentioned in sub-Clause (10.3) herein below are authorized just by tapping the card to Contactless POS Terminal and DOES not require PIN Card Authentication.
14.3 Contactless Transactions will be subject to single transaction limit of (QR 300 and daily limits of (QR 1,500 which are regulated by QCB and VISA International guidelines.
14.4 Contactless Transactions outside the state of Qatar will be subject to single transaction limit equivalent to (QR 300 and daily limits equivalent to (QR 1,500)
14.5 The Bank reserves the right to amend and/or change the above mentioned limits anytime for Contactless Transactions at its own discretion without prior notification.
14.6 Customers are allowed to perform 3 consecutive Contactless Transactions. Every 4th consecutive Contactless Transactions will require a pin, and the Cardholder will receive an SMS informing him to use the PIN to complete the transaction.
14.7 In case of card lost or misuse kindly report immediately to the Bank.
Contactless Technology. Client shall, at its sole cost and expense, enable the most current standard of Contactless EMV for all new Acceptance Locations by no later than ***