Common use of Visa’s Zero Liability Policy Clause in Contracts

Visa’s Zero Liability Policy. To the extent not covered by paragraph 18, Visa’s Zero Liability Policy has been devised to provide you with protection against unauthorized signature-based Visa Business Check Card transactions (PIN transactions are not covered under Visa’s Zero Liability Policy) processed through the Visa network including Internet and telephone purchases. If you suspect that your Visa Business Check Card or card number has been lost or stolen, you may not be responsible for any unauthorized signature-based purchases if you report the theft promptly. (a) Upon oral notification from you of unauthorized Visa transactions, Bank will limit your liability for those transactions to zero. Bank requires such notification to be received within 30 calendar days of the mailing date of the first statement showing any unauthorized Visa transactions. In evaluating your claim, Bank will consider whether gross negligence on your part has contributed to the transactions in question. Bank may increase this limit if, based on available evidence, it is reasonably determined that you were grossly negligent or acted fraudulently in the handling of the card or account. (b) Bank will provide you with provisional credit for unauthorized signature-based Visa transactions within five business days from receipt of notification. Additionally, Bank may require written confirmation of the unauthorized Visa transaction(s) before providing provisional credit. (c) Bank defines an “unauthorized transaction” to exclude either or both of the following: 1) Any transaction by; (a) a business co-owner; (b) a cardholder; (c) a person authorized by a cardholder; or (d) any other person with an interest in or authority to transact business on the account. 2) Any transaction by a cardholder that exceeds the authority given by the Visa Business Check Card account owner. (d) If you believe that your Card, Card account number, and/or its associated PIN have been lost or stolen, you agree to notify us immediately. Telephoning us at 0-000-000-0000 or the telephone number found on your Account statement or on the card carrier, which accompanied the Card, is the best way of initially notifying us.

Appears in 4 contracts

Samples: Visa Business Check Card Agreement, Visa Business Check Card Agreement, Visa Business Check Card Agreement

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Visa’s Zero Liability Policy. To the extent not covered by paragraph 1817, Visa’s Zero Liability Policy has been devised to provide you with protection against unauthorized signature-based Visa Business Check Card transactions (PIN transactions are not covered under Visa’s Zero Liability Policy) processed through the Visa network including Internet and telephone purchases. If you suspect that your Visa Business Check Card or card number has been lost or stolen, you may not be responsible for any unauthorized signature-based purchases if you report the theft promptly. (a) Upon oral notification from you of unauthorized Visa transactions, Bank will limit your liability for those transactions to zero. Bank requires such notification to be received within 30 calendar days of the mailing date of the first statement showing any unauthorized Visa transactions. In evaluating your claim, Bank will consider whether gross negligence on your part has contributed to the transactions in question. Bank may increase this limit if, based on available evidence, it is reasonably determined that you were grossly negligent or acted fraudulently in the handling of the card or account. (b) Bank will provide you with provisional credit for unauthorized signature-based Visa transactions within five business days from receipt of notification. Additionally, Bank may require written confirmation of the unauthorized Visa transaction(s) before providing provisional credit. (c) Bank defines an “unauthorized transaction” to exclude either or both of the following: 1) Any transaction by; (a) a business co-owner; (b) a cardholder; (c) a person authorized by a cardholder; or (d) any other person with an interest in or authority to transact business on the account. 2) Any transaction by a cardholder that exceeds the authority given by the Visa Business Check Card account owner. (d) If you believe that your Card, Card account number, number and/or its associated PIN have been lost or stolen, you agree to notify us immediately. Telephoning us at 01-000-888- 000-0000 or the telephone number found on your Account statement or on the card carrier, which accompanied the Card, is the best way of initially notifying us.

Appears in 4 contracts

Samples: Visa Business Check Card Agreement, Visa Business Check Card Agreement, Visa Business Check Card Agreement

Visa’s Zero Liability Policy. To If the extent not covered by paragraph 18Debit Card is used in a transaction that is processed through a Visa, Visa’s Interlink, or Plus network, including ATM transactions, then the Visa Zero Liability Policy has been devised to provide you with protection against unauthorized signature-based may apply. The Visa Business Check Card transactions (PIN transactions are not covered under Visa’s Zero Liability Policy) Policy does not apply to transactions not processed through by Visa or certain commercial card transactions. If the Visa network including Internet and telephone purchases. If you suspect that your Visa Business Check Card or card number has been lost or stolenZero Liability Policy applies, you may not be responsible for any unauthorized signature-based purchases if you report the theft promptly. (a) Upon oral upon notification from you of unauthorized Visa transactions, Bank we will limit your liability for those transactions to zero. Bank requires such notification to be received within 30 calendar days of the mailing date of the first statement showing any unauthorized Visa transactions. In evaluating your claim, Bank will consider whether gross negligence on your part has contributed to the transactions in question. Bank may increase this limit if, based on available evidence, it is reasonably determined that you were grossly negligent or acted fraudulently in the handling of the card or account. (b) Bank zero and will provide you with provisional credit for unauthorized signature-based Visa those transactions within five business days from receipt of notification. Additionally, Bank may require ; provided that you provide us with written confirmation of those transactions. Subject to limits provided under the unauthorized Visa transaction(s) before providing Electronic Fund Transfer Act, we may withhold provisional credit. (c) Bank defines an , to the extent allowed under applicable Visa rules or otherwise allowed by law, if we determine that the circumstances or account history warrant the delay. For purposes of this section and the Visa Zero Liability Policy, the term “unauthorized transaction” excludes any transaction not otherwise subject to exclude either the Visa Zero Liability Policy, as set forth in the applicable Visa operating regulations, as amended from time to time. The Visa Zero Liability Policy does not apply if we determine that you were negligent or both fraudulent in the handling of your account or Debit Card, such as when you have given someone else your card, card number, or PIN, or when you do not tell us within 60 days of unauthorized transactions. In addition to Visa network processed transactions (for the Debit Card), the Card is enabled to allow non-Visa network transaction processing. This means you may use your Card on a single-message or regional debit network (“Regional Debit Network”). Not all Regional Debit Network transactions require a PIN to authenticate transactions. Examples of the following: 1) Any types of actions that you may be required to make to initiate a Visa network transaction by; (a) a business co-owner; (b) a cardholder; (c) a person authorized by a cardholder; or (d) any other person with an interest in or authority to transact business on the accountDebit Card include signing a receipt, providing a Card number over the phone or via the Internet, or swiping the Card through a POS terminal. Examples of the types of actions you may be required to initiate a transaction on a Regional Debit Network include initiating a payment directly with the xxxxxx (possibly via telephone, Internet, or kiosk locations), responding to a logo displayed at a payment site and choosing to direct payment through that network, and having your identity verified using known information derived from an existing relationship with you instead of through the use of a PIN. 2) Any transaction by a cardholder that exceeds the authority given by the Visa Business Check Card account owner. (d) If you believe that your Card, Card account number, and/or its associated PIN have been lost or stolen, you agree to notify us immediately. Telephoning us at 0-000-000-0000 or the telephone number found on your Account statement or on the card carrier, which accompanied the Card, is the best way of initially notifying us.

Appears in 2 contracts

Samples: Deposit Agreement, Deposit Agreement

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Visa’s Zero Liability Policy. To the extent not covered by paragraph 18, 17. Visa’s Zero Liability Policy has been devised revised to provide you with protection against unauthorized signature-based Visa Business Check Card transactions (PIN transactions are not covered under Visa’s Zero Liability Policy) processed through the Visa network including Internet and telephone purchases. If you suspect that your Visa Business Check Card or card number has been lost or stolen, you may not be responsible for any unauthorized signature-based purchases if you report the theft promptly. (a) Upon oral notification from you of unauthorized Visa transactions, Bank will limit your liability for those transactions to zero. Bank requires such notification to be received within 30 calendar days of the mailing date of the first statement showing any unauthorized Visa transactions. In evaluating your claim, Bank will consider whether gross negligence on your part has contributed to the transactions in question. Bank may increase this limit if, based on available evidence, it is reasonably determined that you were grossly negligent or acted fraudulently in the handling of the card or account. (b) Bank will provide you with provisional credit for unauthorized signature-based Visa transactions within five business days from receipt of notification. Additionally, Bank may require written confirmation of the unauthorized Visa transaction(s) before providing provisional credit. (c) Bank defines an “unauthorized transaction” to exclude either or both of the following: 1) Any transaction by; (a) a business co-owner; (b) a cardholder; (c) a person authorized by a cardholder; or (d) any other person with an interest in or authority to transact business on the account. 2) Any transaction by a cardholder that exceeds the authority given by the Visa Business Check Card account owner. (d) If you believe that your Card, Card account number, and/or its associated PIN have been lost or stolen, you agree to notify us immediately. Telephoning us at 0-000-000-0000 or the telephone number found on your Account statement or on the card carrier, which accompanied the Card, is the best way of initially notifying us.

Appears in 1 contract

Samples: Business Check Card Agreement

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