Card Validation Sample Clauses
The Card Validation clause establishes requirements for verifying the authenticity and validity of payment cards used in transactions. Typically, this involves checking card details such as the card number, expiration date, and security code before processing payments, and may also include procedures for handling invalid or declined cards. Its core practical function is to reduce the risk of fraudulent transactions and ensure that only authorized and legitimate cardholders are able to complete purchases.
Card Validation. We provide you with a card to access your account at ATMs and points of sale (POS). Before using the Card, the Depositor must validate it at our offices. Each depositor will assign a secret number, with which the card will be validated. The Depositor will not be able to use his card until it is validated.