Common use of Internet Banking Service Clause in Contracts

Internet Banking Service. 43.21.1 The Bank will take reasonably practicable steps to ensure that systems used by it for providing Internet Banking Services contain adequate security safeguards; control and manage the risks in operating such systems, taking into account any applicable law, rules, regulations, guidelines, circulars, codes of conduct and also prevailing market practices. Cardholder is aware of the risks, responsibilities and liabilities involved in Internet Banking and has after due consideration availed of the same. Cardholder represents and warrants that he has, a complete working knowledge of computers/electronic machinery, e-mail and the Internet, which will enable Cardholder to avail the Internet Banking facility. 43.21.2 The Cardholder has the facility of using Internet Banking, e- Commerce facilities. 43.21.3 The Cardholder acknowledges that at his request, the Bank has agreed to provide the Cardholder with the facility of carrying out Credit Card transactions through the IndusInd Bank India website. 43.21.4 all applicable laws of India and any other applicable jurisdiction, which may apply to the use by him of Internet Banking. The Cardholder is cautioned that any transaction on the Internet resulting in any outflow of foreign exchange must be made strictly in accordance with the Exchange Control Regulations of the RBI and that in the event of failure to do so, the Cardholder may be liable for penal action under the Foreign Exchange Management Act, 1999. With a view to protect the interest of Cardholders, IndusInd Bank reserves the right to decline, at its sole discretion, certain Internet transactions, depending on the origin and nature of purchase. This is done with a view to protecting the Cardholders from unauthorised or fraudulent usage of account information by person/parties. 43.21.5 The Cardholder confirms that he would from time-to-time be identifying websites where he could use this additional feature of making acquisitions/purchases of products and services and making payments for the same through his IndusInd Bank Card by giving instructions for such payment through the Internet. The Cardholder agrees and confirms that the Bank is merely providing a facility for making payments for the orders placed by the Cardholder on such websites and is not in any manner associated with or part of the actual transaction of the sale of the products and services.

Appears in 2 contracts

Samples: Credit Card Holder Agreement, Cardholder Agreement

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Internet Banking Service. 43.21.1 The Bank will take reasonably practicable steps to ensure that systems used by it for providing Internet Banking Services contain adequate security safeguards; control and manage the risks in operating such systems, taking into account any applicable law, rules, regulations, guidelines, circulars, codes of conduct and also prevailing market practices. Cardholder is aware of the risks, responsibilities and liabilities involved in Internet Banking and has after due consideration availed of the same. Cardholder represents and warrants that he has, a complete working knowledge of computers/electronic machinery, e-mail and the Internet, which will enable Cardholder to avail the Internet Banking facility. 43.21.2 The Cardholder has the facility of using Internet Banking, e- Commerce facilities. 43.21.3 The Cardholder acknowledges that at his request, the Bank has agreed to provide the Cardholder with the facility of carrying out Credit Card transactions through the IndusInd Bank India website. 43.21.4 The Cardholder agrees to be bound by and comply with all applicable laws of India and any other applicable jurisdiction, which may apply to the use by him of Internet Banking. The Cardholder is cautioned that any transaction on the Internet resulting in any outflow of foreign exchange must be made strictly in accordance with the Exchange Control Regulations of the RBI and that in the event of failure to do so, the Cardholder may be liable for penal action under the Foreign Exchange Management Act, 1999. With a view to protect the interest of Cardholders, IndusInd Bank reserves the right to decline, at its sole discretion, certain Internet transactions, depending on the origin and nature of purchase. This is done with a view to protecting the Cardholders from unauthorised or fraudulent usage of account information by person/parties. 43.21.5 The Cardholder confirms that he would from time-to-to- time be identifying websites where he could use this additional feature of making acquisitions/purchases of products and services and making payments for the same through his IndusInd Bank Card by giving instructions for such payment through the Internet. The Cardholder agrees and confirms that the Bank is merely providing a facility for making payments for the orders placed by the Cardholder on such websites and is not in any manner associated with or part of the actual transaction of the sale of the products and services.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

Internet Banking Service. 43.21.1 43.22.1 The Bank will take reasonably practicable steps to ensure that systems used by it for providing Internet Banking Services contain adequate security safeguards; control and manage the risks in operating such systems, taking into account any applicable law, rules, regulations, guidelines, circulars, codes of conduct and also prevailing market practices. Cardholder is aware of the risks, responsibilities and liabilities involved in Internet Banking and has after due consideration availed of the same. Cardholder represents and warrants that he has, a complete working knowledge of computers/electronic machinery, e-mail and the Internet, which will enable Cardholder to avail the Internet Banking facility. 43.21.2 43.22.2 The Cardholder has the facility of using Internet Banking, e- Commerce facilities. 43.21.3 43.22.3 The Cardholder acknowledges that at his request, the Bank has agreed to provide the Cardholder with the facility of carrying out Credit Card transactions through the IndusInd Bank India website. 43.21.4 43.22.4 The Cardholder agrees to be bound by and comply with all applicable laws of India and any other applicable jurisdiction, which may apply to the use by him of Internet Banking. The Cardholder is cautioned that any transaction on the Internet resulting in any outflow of foreign exchange must be made strictly in accordance with the Exchange Control Regulations of the RBI and that in the event of failure to do so, the Cardholder may be liable for penal action under the Foreign Exchange Management Act, 1999. With a view to protect the interest of Cardholders, IndusInd Bank reserves the right to decline, at its sole discretion, certain Internet transactions, depending on the origin and nature of purchase. This is done with a view to protecting the Cardholders from unauthorised or fraudulent usage of account information by person/parties. 43.21.5 43.22.5 The Cardholder confirms that he would from time-to-time be identifying websites where he could use this additional feature of making acquisitions/purchases of products and services and making payments for the same through his IndusInd Bank Card by giving instructions for such payment through the Internet. The Cardholder agrees and confirms that the Bank is merely providing a facility for making payments for the orders placed by the Cardholder on such websites and is not in any manner associated with or part of the actual transaction of the sale of the products and services.

Appears in 1 contract

Samples: Credit Card Agreement

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Internet Banking Service. 43.21.1 44.22.1 The Bank will take reasonably practicable steps to ensure that systems used by it for providing Internet Banking Services contain adequate security safeguards; control and manage the risks in operating such systems, taking into account any applicable law, rules, regulations, guidelines, circulars, codes of conduct and also prevailing market practices. Cardholder is aware of the risks, responsibilities and liabilities involved in Internet Banking and has after due consideration availed of the same. Cardholder represents and warrants that he has, a complete working knowledge of computers/electronic machinery, e-mail and the Internet, which will enable Cardholder to avail the Internet Banking facility. 43.21.2 44.22.2 The Cardholder has the facility of using Internet Banking, e- Commerce facilities. 43.21.3 44.22.3 The Cardholder acknowledges that at his request, the Bank has agreed to provide the Cardholder with the facility of carrying out Credit Card transactions through the IndusInd Bank India website. 43.21.4 44.22.4 The Cardholder agrees to be bound by and comply with all applicable laws of India and any other applicable jurisdiction, which may apply to the use by him of Internet Banking. The Cardholder is cautioned that any transaction on the Internet resulting in any outflow of foreign exchange must be made strictly in accordance with the Exchange Control Regulations of the RBI and that in the event of failure to do so, the Cardholder may be liable for penal action under the Foreign Exchange Management Act, 1999. With a view to protect the interest of Cardholders, IndusInd Bank reserves the right to decline, at its sole discretion, certain Internet transactions, depending on the origin and nature of purchase. This is done with a view to protecting the Cardholders from unauthorised or fraudulent usage of account information by person/parties. 43.21.5 44.22.5 The Cardholder confirms that he would from time-to-time be identifying websites where he could use this additional feature of making acquisitions/purchases of products and services and making payments for the same through his IndusInd Bank Card by giving instructions for such payment through the Internet. The Cardholder agrees and confirms that the Bank is merely providing a facility for making payments for the orders placed by the Cardholder on such websites and is not in any manner associated with or part of the actual transaction of the sale of the products and services.

Appears in 1 contract

Samples: Credit Card Agreement

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