RESPONSIBILITY ARISING FROM CARD USE Sample Clauses

RESPONSIBILITY ARISING FROM CARD USE. 19.4.1. The liability of the Member and/or Supplementary Card Holder commences at the moment he has possession of the card himself or through another person or uses the Card or the code even when the Credit Card has not been delivered yet, or learns the card number with no physical existence. The Member should sign the back side of the card with a pen at the time of receipt. All the legal, financial and criminal liability arising from the failure to sign the Credit Card rests with the Member. The Member is obligated to return the card and supplementary cards, if any, if he is so required by the Bank. The Bank may confiscate Credit Cards itself or via merchants, refuse to renew the expired Credit Cards, or cancel and suspend the Credit Card where and when it deems proper. The Member and/or the Supplementary Card Holder is responsible for not providing the Credit Card code to anybody, taking necessary measures to prevent it from coming into the possession of third parties and keeping the password secret, and the Member, Supplementary Card Holder and guarantor are jointly and severally responsible for losses that may arise due to use of the code by the third parties. The Card Holder is obliged to inform the Bank immediately if the code comes into the possession of third parties for any reason. Transactions carried out by using the Credit Card and/or the code pertaining to the Member, transactions carried out at ATM’s and similar electronic banking systems and POS devices shall be deemed to have been performed by the Member even if such transactions have been carried out by the third parties. Until the time the Member/Supplementary Card Holder serves a notice on the Bank, any and all legal and penal liabilities arising out of use of his credit card by persons other than the card holders shall be borne by the Member, and the Member agrees and declares that he shall compensate any and all losses to be incurred by the Bank and all transactions to be carried out at his account until his code is changed shall be deemed to have been performed by him.
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Related to RESPONSIBILITY ARISING FROM CARD USE

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