Transaction Account Number definition

Transaction Account Number means a unique number associated with a Virtual Card Account that is issued upon the request of an Authorized Account User and provided to a Merchant (in lieu of the Card Account) for the purpose of completing one or more transactions.
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Transaction Account Number means a unique number associated with a Virtual Card that is issued upon the request of the Corporate Cardholder and provided to a Merchant (in lieu of the Card Account) for the purpose of completing one or more transactions.
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Examples of Transaction Account Number in a sentence

  • Each Transaction Account Number may be used for one or more purchases, as determined by the Bank or otherwise agreed between the Bank and the Cardholder.

  • The Cardholder shall use commercially reasonable efforts to ensure that each Transaction Account Number is used only for such purpose.

  • The Program Administrator shall monitor and control Authorized Account Users’ ability to (A) request Transaction Account Numbers and modify Transaction Account Number usage parameters; (B) establish and modify Virtual Card Account authorization controls; and (C) access Virtual Card Account and transaction data for reporting and monitoring purposes.

  • The Bank reserves the right to cancel or suspend any Transaction Account Number at any time for any reason, without notice unless required by applicable law or regulation.

  • Each Transaction Account Number is issued for the purpose of permitting Authorized Account Users to charge to the subject Virtual Card Account purchases of goods and services, which are for the business of the Cardholder from Merchants that accept such Transaction Account Numbers.

  • The Cardholder shall establish and maintain compliance with procedures designed to ensure the security of the Virtual Card Accounts, the Transaction Account Number requests and the generated Transaction Account Numbers.

  • Each Transaction Account Number issued by the Bank is subject to the same terms and conditions governing use of the associated Virtual Card Account.