Your Liability for Unauthorized Transfers and Advisability of Prompt Reporting. Effective October 17, 2014, the MasterCard zero liability rule will apply to all MasterCard Debit transactions provided that (a) you have exercised reasonable care in safeguarding your Card from risk of loss or theft, and (b) upon becoming aware of the loss or theft, you promptly notify us. If you do not meet these conditions, then the liability standards of All Other Transactions as set forth in paragraph 9(b) of the Electronic Fund Transfers Agreement and Disclosures will apply. (a) For Signature-based, Point-of-Sale Transactions Using Your MasterCard Master Money ATM/Debit Card. If you believe your Card or PIN has been lost or stolen, you will not be liable once you notify us that someone may use or has used your Card or PIN without your permission. The foregoing liability limitation does not apply unless (a) you have exercised reasonable care in safeguarding the Card from risk of loss or theft, (b) you have not reported two or more incidents of unauthorized use on your Account within the preceding 12 months, and (c) your Account is in good standing. If you do not meet these conditions, your liability for unauthorized use will not exceed $50.
Appears in 4 contracts
Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement
