Card Responsibility Clause Samples
The Card Responsibility clause defines which party is accountable for the use, security, and management of a payment or access card issued under an agreement. Typically, it outlines the obligations of the cardholder, such as safeguarding the card, reporting loss or theft promptly, and ensuring that only authorized individuals use it. This clause serves to allocate liability for unauthorized transactions or misuse, thereby protecting both the issuer and the cardholder by clarifying expectations and procedures in the event of card-related issues.
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Card Responsibility. You are solely responsible for maintaining the security of your digital wallet credentials (including user identification, password or other access credentials). If you share these credentials with any other person, you expressly authorize them to access your personal information, access your accounts and initiate charges to your Cards using the digital wallet service.