Common use of LOST OR STOLEN CARDS AND PINs Clause in Contracts

LOST OR STOLEN CARDS AND PINs. If you believe that a Card and/or its associated PIN has been lost or stolen, you must notify us AT ONCE. Telephoning us at 0-000-000-0000 or the telephone number which can be found on your Account statement or on the card carrier which accompanied the Card is the best way of initially notifying us and reducing your possible losses. However, if you initially notify us by telephone, you must promptly confirm such notice in writing. You will continue to be liable for all transactions initiated with the Card and/or its associated PIN up to the first business day following the day on which we receive written notice. When you notify us, we will cancel the Card and associated PIN and issue a replacement Card to the Authorized User. If you fail to notify us that a Card and/or associated PIN has been lost or stolen, you bear the risk of losing all of the money in the Account. You further agree that we will not be liable for consequential damages arising from the unauthorized use of the Card. You acknowledge and agree that you shall be liable for any use of a Card made by an Authorized User following termination of such User's employment with you until such time as we receive written notification of the termination of the User's Authorized status and return of the Card to us.