Common use of Cardholder Clause in Contracts

Cardholder. The person to whom the Payment Card is issued. Cardholder-Activated Terminal, e.g. for payment of bridge tolls, tickets and parking, i.e. where the payment terminal is exclusively operated by the Cardholder, regardless of whether or not a PIN is used. Reversal of an amount which the Cardholder or Card Issuer disputes. Payments where the radio transmitter inside the chip in the Payment Card or in a smartphone communicates with the contactless Payment Card reader in the payment terminal. A contactless payment can be made using a Payment Card, a smartphone or a micro ID chip installed in a watch, bracelet, etc. Charging of the Cardholder for amounts not known at the time of the Card Payment’s completion, such as parking fines. A solution giving the Cardholder the ability to register data relating to one or more Payment Cards for the purpose of making payments to several different companies. Conversion of the amount that the Cardholder is to pay from the Merchant’s local currency into the Payment Card’s local currency. Card Payments performed using a payment solution in which the Cardholder orders and pays for the purchase in a webshop.