Common use of Draft Completion Procedures Clause in Contracts

Draft Completion Procedures. The mandatory procedures for completing any Cash Advance transaction are as follows: (i) If the Card has a “Valid From Date” embossed on it, the date of the Cash Advance transaction must be on or after the “Valid From date” and before the Expiration Date embossed on the Card. (ii) The date of the transaction must be on or before the Expiration Date embossed on the Card. (iii) A valid authorization code must be obtained from CSI for each Transaction. (iv) The number in red on the upper right-hand corner of the draft must match the number printed directly below it. (v) The Cardholder (i) must be physically present for the transaction, and (ii) must initial the front of the draft to acknowledge that he or she will be charged a service fee in addition to the amount requested by the cardholder. (vi) The Cardholder must present identification that is a current government document, such as a passport, driver’s license, or military ID that bears the Cardholder’s signature and photograph. The Service Center must record: (i) a description of the identification (including any serial number, expiration date, and jurisdiction of issue), (ii) the name of the Cardholder on the identification which must be the same as the name embossed or encoded on the Card, and (iii) the address and telephone number of the Cardholder. (vii) The Cardholder must endorse the draft and the signature must match the signature on the Card and the customer identification. (viii) On all VISA transactions, the four-digit, pre-printed number found above the embossed Card number must be written in the Bin/ICA space provided on the draft. (ix) The draft must be imprinted with the embossment of the Card and the imprint must be clear and legible. (x) The Card number embossed on the front of the Card must match the number on the front of the check. (xi) The Service Center employee must put his or her initials on the front of the check in a clear space along the right side.