Common use of Authorizing Transactions Clause in Contracts

Authorizing Transactions. 5.1 You will be asked to authorize each Transaction at the time it is initiated by you through the Cartex Prepaid Card or Cartex Virtual Card as applicable. A Transaction will be regarded as authorized by you where you: (a) authorize a POS Transaction by following the instructions provided by the merchant or retailer to authorize the POS Transaction which might include: (i) entering your PIN; (ii) signing a sales voucher; (iii) inserting your Cartex Prepaid Card into a card reading device for the purpose of making a payment; (iv) swiping your Cartex Prepaid Card through a card reader; (b) authorize an E-Commerce Transaction by following the instructions provided by the merchant or retailer to authorize the E-Commerce Transaction and by providing the Cartex Prepaid Card or Cartex Virtual Card details and/or any other details as requested; (c) authorize an ATM Transaction by inserting your Cartex Prepaid Card and entering your PIN to request a cash withdrawal. 5.2 Subject to clause 5.3 below, you can withdraw or revoke your authorization for a Transaction at any time until the authorization is received by us, using one of the Contact Methods. Authorization for a Transaction may not be withdrawn or revoked by you once it is received by us although in the case of a POS Transaction, the merchant may give you a refund. 5.3 Your authorization for a POS Transaction, an E-Commerce Transaction or for an ATM Transaction will be received by us at the time we receive the POS Transaction or E-Commerce Transaction instruction from the merchant acquirer or at the time we receive the ATM Transaction instruction from the ATM acquirer, respectively. All these authorizations will be received by us almost instantaneously and it is unlikely that you will be able to withdraw your authorization for a Transaction before this time.

Authorizing Transactions. 5.1 You will be asked to authorize each Transaction at the time it is initiated by you through the Cartex ▇▇▇▇▇ Prepaid Card or Cartex ▇▇▇▇▇ Virtual Card as applicable. A Transaction will be regarded as authorized by you where you: (a) authorize a POS Transaction by following the instructions provided by the merchant or retailer to authorize the POS Transaction which might include: (i) entering your PIN; (ii) signing a sales voucher; (iii) inserting your Cartex ▇▇▇▇▇ Prepaid Card into a card reading device for the purpose of making a payment; (iv) swiping your Cartex ▇▇▇▇▇ Prepaid Card through a card reader; (b) authorize an E-Commerce Transaction by following the instructions provided by the merchant or retailer to authorize the E-Commerce Transaction and by providing the Cartex ▇▇▇▇▇ Prepaid Card or Cartex ▇▇▇▇▇ Virtual Card details and/or any other details as requested; (c) authorize an ATM Transaction by inserting your Cartex ▇▇▇▇▇ Prepaid Card and entering your PIN to request a cash withdrawal. 5.2 Subject to clause 5.3 below, you can withdraw or revoke your authorization for a Transaction at any time until the authorization is received by us, using one of the Contact Methods. Authorization for a Transaction may not be withdrawn or revoked by you once it is received by us although in the case of a POS Transaction, the merchant may give you a refund. 5.3 Your authorization for a POS Transaction, an E-Commerce Transaction or for an ATM Transaction will be received by us at the time we receive the POS Transaction or E-Commerce Transaction instruction from the merchant acquirer or at the time we receive the ATM Transaction instruction from the ATM acquirer, respectively. All these authorizations will be received by us almost instantaneously and it is unlikely that you will be able to withdraw your authorization for a Transaction before this time.