Common use of POSSESSION OF THE CARD Clause in Contracts

POSSESSION OF THE CARD. 9.1 For any card approved, the first time collection of any card must be collected by the Principal Cardmember. For supplementary card, third party collection must be authorised by the Principal Cardmember, via a written authorisation by the Principal Cardmember. 9.2 The Card shall remain the property of the Bank at all times and the Cardmember shall not transfer or otherwise part with the control or possession of the Card for any use or purpose unauthorised by the Bank. 9.3 The cardholders will be liable for card-present unauthorised transactions which require PIN/Signature verification or contactless card if you have: (a) acted fraudulently (b) delayed in notifying the Bank as soon as reasonably practicable after having discovered the loss or unauthorised use of the credit card;