The Bank is authorized to. 10.1.8.1 Dispose the amount accrued on the deposit account on its own behalf and at its own discretion;
10.1.8.2 According to the regulations, the amount and the periodicity established by the legislation, in favor of the budget, transfer the income tax for the interest rate accrued on the deposit (if such exists);
10.1.8.3 For the purpose of performing obligation(s) deriving from any agreement executed with the Bank or from the legislation, without further consent or permission from the depositor, after such obligation is generated, at any time to exercise non-accepted write-off of amounts from the call deposit of the depositor.
10.1.8.4 In the event the term deposit is used by the depositor or other third person to secure liabilities owed to the Bank, prior to expiry of the effective term of the deposit agreement, the Bank shall cover the liabilities owed to the Bank directly from the deposit account, without transferring the amount to the current account of the depositor.
The Bank is authorized to. 6.1. Require the Customer to submit any information, document that confirms the legality of its activities and its ability to ensure the protection of card transactions and card transaction data.
6.2. Independently, at its own discretion, determine the periodicity of monitoring of the Customer, trade/service outlet.
6.3. If the machinery available at the trade/service outlet and the condition of the outlet is insufficient to protect user, card and other confidential information, require the Customer to purchase and install additional equipment, if necessary, and take additional security measures, non-compliance with which shall be the grounds for suspension or termination of the acquiring agreement.
6.4. Reduce the sums deposited to the Customer’s account by chargeback amounts (a chargeback is a financial claim by a card issuer against the Bank regarding the return of a card transaction amount by the Customer; such a claim arises, for example, if the cardholder rejects a transaction on his/her account, etc.) unilaterally, at any time, without the Customer’s additional consent and notification. And, if the funds available on the Customer’s account(s) are not sufficient to fully cover the chargeback claims, the Bank may, at its own discretion, without the Customer’s additional consent and notification, block the Customer’s accounts for as long as the chargeback claim is fully repaid, also deduct unlimited amounts available on/transferred to the Customer’s accounts until the debt is fully repaid.
6.5. In the circumstances provided for in the previous paragraph, if the Customer does not timely repay the claim amount received in the form of a chargeback, the Bank may to charge and the Customer shall pay a penalty of 0.5% of the outstanding amount per each day in arrears.
6.6. Without limitation and prior agreement with the Customer, inform International Payments Systems (Visa and MasterCard) and/or law enforcement authorities and/or members of International Payments Systems (Visa and MasterCard) about any suspicious, illegal or unauthorized card-related action by a Customer, in order to deter possible acts of fraud or legalization of illicit incomes.
6.7. With or without prior agreement with the Customer, at any time, conduct inspections at the Customer's trade/service outlets to control the operation of the POS terminal and the Customer's fulfilment of contractual obligations or the legislation of Georgia.
6.8. Except in the cases listed in this chapter, suspe...
The Bank is authorized to. 2.1.2.1 Settle acquired transaction proceeds due to the Merchant (i.e. transfer the funds to the DĞƌĐŚĂŶƚ͛Ɛ) le ssĂthĐe fĐeeŽ(s)Ƶ; Ŷƚ;ƐͿ
2.1.2.2 Not to settle accounts with the Merchant if the sales slips submitted by the Merchant are fake, invalid and/or generated in violation of Paragraph 2.2.1.1 hereof. Furthermore, the Bank is not obliged to settle accounts with the Merchant if the sales slip details do not comply with standards set out in Paragraph 2.2.1.1 hereof;
2.1.2.3 If a breach is observed, place a hold on (reserve) the funds payable to the Merchant in order to allow for a chargeback, penalty and/or compensation for loss (apply hold to respective funds available in ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ĂĐĐŽƵŶƚƐ VĨISŽA Iƌnt ernĂat ioƉnaĞl, MƌaŝsteŽrcĚard WŽoĨrld wiƚdeŝŵĞ ĞŶǀŝ and China UnionPay regulations);
2.1.2.4 If the reserved amount is not sufficient to fully settle the DĞƌĐŚĂŶƚ͛Ɛ Bůanŝk, ĂdeďduŝctůŝƚLJ ƚŽ the necessary funds from any account of the Merchant (if available), to which the Client agrees in advance. If the account currency is different, the equivalent amount is calculated based on ƚŚĞ ĂŶŬ͛Ɛ effective exchange rate at the time of debiting the account;
2.1.2.5 Not to settle ƚŚĞ DĞƌĐŚĂŶƚ͛Ɛ ƚƌĂŶƐĂĐƚŝŽŶ baƉsedƌoŽn aĐBĞatĞchĚƐ ĂĐƋƵ received 30 (thirty) calendar days after the transaction;
2.1.2.6 Draw erroneous transfers from the DĞƌĐŚaĂccŶouƚnt͛byƐd irect debit (without informing the Merchant thereon additionally, or seeking his/her/its consent);
2.1.2.7 Check periodically the DĞƌĐŚoĂbsŶerƚva͛nceƐo f operating rules hereunder (under the General Provisions);
2.1.2.8 Do not settle accounts with the Merchant if transactions carried out via POS Terminal(s) at the DĞƌĐŚlĂocŶatiƚon͛arƐe suspicious and/or illegal;
2.1.2.9 If a Chargeback has been filed, place a hold on a respective amount in the DĞƌĐŚaĂccŶouƚnt͛Ɛ until the Chargeback process is over, pursuant to the rules of VISA International, Mastercard Worldwide and China UnionPay;
2.1.2.10 Require from the Merchant all necessary information and documents in the event of a Chargeback as well as any suspicious and/or illegal transaction;
2.1.2.11 If, within one calendar month, the total amount of chargebacks reaches 3% of the total transaction proceeds, or the number and/or amount of transactions grows sharply, suspend card services and the settlement of accounts with the Merchant until the cause is identified (checked);
The Bank is authorized to. 9.5.1 To make the information about the Client’s accounts available to him/her through Internet Banking;
9.5.3 To perform banking transactions within Internet Banking services upon the Client’s order;
