Common use of Procedures to Handle General Transactions and Refunds Clause in Contracts

Procedures to Handle General Transactions and Refunds. 1. Upon receipt of the Corporate Card, the Cardmember shall promptly sign on the back of the Corporate Card and safely keep the Corporate Card so as to reduce the risk of unauthorized use by a third party. 2. When the Cardmember uses the Corporate Card, the Cardmember should present the card to the Merchant, and after the Merchant has swiped the card, verify the charge, sign on the charge slip, and keep the charge slip receipt for verification purposes. The Cardmember’s signature should match the specimen signature indicated on the Corporate Card. 3. When a Merchant agrees to let the Cardmember return purchased goods, cancel a transaction, terminate service, exchange goods or modify the prices of goods purchased for a charged transaction, Cardmember shall request for a refund slip from the Merchant, sign on the refund slip after verifying the information thereon, and keep the refund slip for verification purposes. However, if the Cardmember and Merchant mutually agree, the Merchant may sign the refund slip and the Cardmember shall retain the refund slip or other documents as proof of refund.