HOW TO USE THE PREPAID PRODUCT Sample Clauses

HOW TO USE THE PREPAID PRODUCT. 5.1 A Prepaid Product may only be used by the person to whom the Prepaid Product was issued. In the case of an Additional Card, that Card may only be used by a person nominated by You. Prepaid Products are otherwise non-transferable, and You are not permitted to allow other persons to use Your Prepaid Product, for example by disclosing Your PIN or allowing them to use Your Card or Account details to purchase goods via the Internet. Prior to use, Your Card should be signed on the signature stripe located on the back of the Card. 5.2 We will be entitled to assume that a transaction was authorised by You where the magnetic stripe on Your Card was swiped or the Card was placed in front of a contactless terminal to execute a payment; or the Card was inserted into a chip & PIN device; or the Card PIN was entered; or a sales slip was signed; or relevant Account information was supplied to the retailer that allows them to process the transaction in the case of an Internet or other non-face-to-face transaction. 5.3 Once We have received Your instruction to proceed with a transaction, the transaction cannot be stopped or revoked. Once we have received your payment instructions, we will make payments within a specified time period. We calculate that time from the date we receive your instruction and not the time you send it. Instructions which are not received on a business day will be deemed to have been received on the next business day. We will deduct the value of the transaction, plus any applicable fees and charges from the remaining balance of Your Account. The retailer or service provider that has accepted Your Prepaid Product for payment will normally receive payment within 5 working days. 5.4 Under normal circumstances, if any payment is attempted that exceeds the remaining value on Your Account, the transaction will be declined. However in certain circumstances, a transaction may take Your Account into a negative balance. We will deal with such instances on a case by case basis, but where there is an outstanding shortfall on the balance, You will be held wholly responsible for paying the outstanding amount. You agree to pay Us the outstanding amount immediately on demand and authorise us to automatically debit such outstanding amount plus associated fees and costs from any top- ups You subsequently make to Your Account. Until Your Account is in good standing, We may restrict or suspend the use of Your Prepaid Product. 5.5 Under no circumstances whatsoever a...
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HOW TO USE THE PREPAID PRODUCT. 5.1 A Prepaid Product may only be used by the Person to whom the Prepaid Product was issued. In the case of an Additional Card, that Card may only be used by a Person nominated by You. Prepaid Products are otherwise non-transferable, and You are not permitted to allow other Persons to use Your Prepaid Product, for example by disclosing Your PIN or allowing them to use Your Card or Account details to purchase goods via the Internet. If Your Prepaid Product includes the use of a Payment Scheme branded payment card, prior to use of the payment card, You must sign the signature stripe located on the back. 5.2 You may expressly grant, remove and manage permissions for some third parties to take certain actions on Your behalf. In some cases, You can do this by logging into Your Account, in other cases You can do this directly with the third party. You acknowledge that if You grant permission for a third party to take actions on Your behalf, We may disclose certain information about Your Account to this third party. If You permit either: 5.2.1 a third-party service provider licensed by applicable law to provide account information services (“AIS Provider”) to access information about Your Account on Your behalf; or 5.2.2 a third party card issuer to confirm whether an amount necessary for the execution of a card-based payment transaction is available on Your Account; or 5.2.3 a third party service provider licensed by law to provide payment initiation services (“PIS Provider”) to initiate Your payment on Your behalf; then this Agreement will still apply to You and Your access to that information using the AIS Provider or card issuer and Your payment initiated by the PIS Provider. 5.3 We will be entitled to assume that a transaction was authorised by You (i) where the magnetic stripe on Your Card was swiped; or (ii) the Card was placed in front of a contactless terminal to execute a payment; or
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Related to HOW TO USE THE PREPAID PRODUCT

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