Cardholder Funds definition

Cardholder Funds means the funds provided by or on behalf of the Cardholder in connection with a requested Load to the Cardholder’s Card and that are legally owed to or owned by the 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.
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.

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.

  • In such event, Bank shall have no further obligation to accept any Cardholder Funds from Client.

  • All Cardholder Funds shall be Federal Deposit Insurance Corporation insured.

  • If Company delivers to Bank incorrect Funds Transfer Information such that the funds credited to the Omnibus Account on behalf of a Cardholder by Bank does not match the amount authorized for disbursement on the Cardholder’s behalf by Provider, then Company shall be liable for any excess amount, if any, which was incorrectly identified as Cardholder Funds.

  • 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.

  • You MAY NOT treat Cardholder Funds as your property – this means your business cannot use Cardholder Funds for any operating or general purpose.

  • 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.

  • 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.

  • The Cardholder Agreement shall identify Bank as the issuer of the Cards and holder of all Cardholder Funds.


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 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 a pooled custodial account associated with one or more Cards, and held by Bank for the benefit of the Cardholders.
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.
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). "XXXX" 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

Related to Cardholder Funds

  • Cardholder Data has the meaning defined by the PCI Security Standards Council, Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application Data Security Standard (PA-DSS), Glossary of Terms, Abbreviations, and Acronyms, Version 3.0, January 2014, currently available online at: xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx/documents/PCI_DSS_Glossary_v3.pdf.

  • Cardholder(s) persons authorized to use Association or Network branded cards.

  • Cardholder means a person authorized to use a Card.

  • Principal Cardholder means a Cardholder who has been issued with a Principal Card;

  • Card Account means the account maintained with the Bank in respect of the card;

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Card means any card or other account access device we issue for the purpose of accessing your account.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

  • Cardholder Information means any non-public, sensitive information about a Cardholder, including any combination of Cardholder name plus the Cardholder’s social security number, driver’s license or other identification number or credit or debit card number, or other bank account number.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Collection Accounts As defined in Section 3.10(a).

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Cardholder Agreement means the agreement between Bank and a Cardholder governing the terms and use of a Card.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.

  • Transaction Data is anonymized or aggregated data which has had all personally identifiable information removed.