Cardholder Funds definition

Cardholder Funds means the funds available for use by a Cardholder from Loads and/or Credit Disbursements after recording the debits and credits with respect to transactions originated by or on behalf of a Cardholder.

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Cardholder Funds means the pooled stored value account which is associated with one or more Cards, and includes the record of debits and credits with respect to transactions originated by each Cardholder.

Cardholder Funds means those funds which have been received from or on behalf of a Cardholder for purposes of being loaded to a Card, but which have not yet been redeemed.

Examples of Cardholder Funds in a sentence

Bank shall transfer Cardholder Funds from the Cardholder Account to Settlement Accounts in an amount adequate to facilitate Settlement with the System on a daily basis or as otherwise determined by Bank.
Cardholder’s access to his or her Cardholder Funds will cease on the expiration date and any remaining funds shall be disbursed as provided in the Cardholder Agreement.
Cardholder fees that are charged to a Cardholder and assessed after a Cardholder has activated an iPower Card for Disbursements shall be deducted by Bank from such Cardholder’s Cardholder Funds and remitted as appropriate.
All Cardholder Funds shall be Federal Deposit Insurance Corporation insured.
The Parties acknowledge and agree that Bank shall be responsible for compliance with state unclaimed property laws as they relate to the Cards and Cardholder Funds.
In such event, each Party shall cease using the other Party’s Intellectual Property; provided, however, that all outstanding Cards shall remain in full force and effect and continue to be honored until they have expired or been cancelled in accordance with their terms or the Cardholder Funds associated therewith shall have been exhausted.
Bank shall take commercially reasonable efforts to ensure that each Cardholder shall at all times have the ability to access his or her Cardholder Funds through (i) PIN-based POS terminals that accept the selected System’s Cards, (ii) ATMs owned or operated by Bank, (iii) any third party vendor networks retained by Bank to provide surcharge-free ATM access without any transaction fees or costs charged by Bank unless authorized by Company, and (iv) System merchants, as described in the Cardholder Agreement.
In such event, Bank shall have no further obligation to accept any Cardholder Funds from Client.
The Cardholder Agreement shall identify Bank as the issuer of the Cards and holder of all Cardholder Funds.
Program Manager shall be responsible for maintaining accurate books and records of Cardholders and Cardholder Funds that are sufficient under Applicable Law, including, without limitation, 12 CFR § 330.5, to permit the Cardholder Funds associated with Reloadable Cards to qualify for pass-through federal deposit insurance coverage.

More Definitions of Cardholder Funds

Cardholder Funds means funds received from a consumer or Cardholder for the purchase of, a POS Load or a POS Reload to a Product.

Cardholder Funds means a pooled custodial account associated with one or more Cards, and held by Bank for the benefit of the Cardholders.

Cardholder Funds means a pooled custodial account associated with one or more Cards, and held by Bank for the benefit of the Cardholders. "CARDHOLDER AGREEMENT" means the agreement between Bank and a Cardholder governing the terms and conditions applicable to the use of a Card. "GOVERNMENTAL REQUIREMENTS" means collectively all statutes, codes, ordinances, laws, regulations that may apply to Cards, and all related rules, orders and decrees of all governmental authorities (including without limitation federal, state and local governments, governmental agencies and quasi-governmental agencies). "▇▇▇▇" means the service marks and trademarks of a System or Bank, including but not limited to, the names and other distinctive marks or logos, which identify a System and Bank. "PROCESSING SERVICES" means those services which are necessary to issue and service a Card and process a transaction in accordance with Government Requirements, Rules, or any Regulatory Authority. "PROGRAM" means a system of services approved by Bank under which a specific list of Cardholders subject to a Cardholder Agreement utilizes a Card to submit Transactions into a System utilizing a Settlement Account to access Cardholder Funds. This Agreement contemplates that Program Manager may be permitted by Bank to offer multiple Programs hereunder, each subject to the terms hereof and the prior written approval of Bank. (For purposes of calculating the contract minimums as described in Schedule A, a new Program is initiated through the concept document or the equivalent thereof being filed with any System. Additional minimums shall not be charged merely by the addition of a new co-brander). "PROGRAM REVENUE" means all income derived from a Cardholder's use of a Card or participation in a Program. "REGULATORY AUTHORITY" means, as the context requires, the State of placeStateSouth Dakota; the Federal Deposit Insurance Corporation; the Office of Thrift Supervision; and any Federal or state agency having jurisdiction over Bank or Program Manager. "RULES" means the by-laws and operating rules of any System, the published policies and procedures of Bank, as promulgated by Bank's Board of Directors in good faith to ensure the continued safety and soundness of Bank. "SETTLEMENT" means the movement and reconciliation of funds between Bank and System members in accordance with the Rules. "SETTLEMENT ACCOUNT" means the account maintained by Bank used for Settlement of all transactions initiated by use of a Card(s) by or on...

Cardholder Funds means funds received from a consumer or Cardholder for the purchase of, a POS Load or a POS Reload to a Product. “Cardholder Website” means the website operated by Bank under the domain name www.walmartmoneycard.com through which Cardholders may

Cardholder Funds means funds which are loaded onto a Card by any funding option, including, but not limited to, by direct deposit, retail load, credit card load, processor batch load or through load networks.

Cardholder Funds means all funds received by Bank for loading or reloading to a Card including, without limitation, all funds held in a Cardholder Funds Account.