TRANSACTION AUTHORIZATIONS Sample Clauses
The Transaction Authorizations clause defines the procedures and requirements for obtaining approval before certain transactions can be executed under the agreement. Typically, this clause specifies which types of transactions require prior written consent, who within each party has the authority to grant such approvals, and any thresholds or conditions that must be met. Its core practical function is to ensure that significant actions or commitments are not made unilaterally, thereby protecting the interests of all parties and preventing unauthorized or unintended obligations.
TRANSACTION AUTHORIZATIONS. Certain purchases and cash advances may require an authorization from us or our service bureau prior to completion of the transaction. In some cases, the Authorized User may be asked to provide identification. If the authorization system is not functioning, our data processor or we may not be able to authorize a transaction even if the Account has sufficient funds and you or your Authorized Users are within the established limits. We will not be liable to you or the Authorized User if any of these events should occur and a transaction is not authorized and completed.
TRANSACTION AUTHORIZATIONS. Authorization holds affect the available balance in your account and may account for all or some of the differences between your actual balance and your available balance. Ent has no control over the dollar amount and time that a merchant places authorization holds on your account. You agree that we shall not be liable for withholding any authorization or withdrawal due to an insufficient available balance as a result of an authorization hold. The actual balance indicates the items that have actually posted to your account but not transactions that have been authorized and are pending. As an example, any purchases, holds, fees, other charges or deposits made on your account that have not yet posted will not appear in your actual balance. Your available account balance is the amount of money in your account that is available to you to use without incurring a non- sufficient funds (NSF) or potentially a courtesy pay (overdraft) fee. The available account balance takes into account things like holds placed on deposits according to Ent’s Deposit Availability Policy, pending transactions (such as pending debit card purchases) that have been authorized for the merchant but not posted to your account, authorized automatic bill payments and other outstanding transactions that have not posted to your account. This available balance is also the balance used to determine if items are subsequently presented against insufficient funds. For additional information regarding merchant authorization holds please refer to your Ent Agreement and Disclosure for a Visa® Debit Card or ATM Card for additional information.
TRANSACTION AUTHORIZATIONS. Purchases, transfers, and cash advances require our prior authorization. We may limit the number and dollar amount of authorizations for any certain time period. We participate in the Verified by Visa program for Internet transactions. You may also participate in other digital wallet applications with the use of your Card. If our authorization system is not fully operational, we may not be able to give approval for a transaction even if the funds are available. For added protection, we have incorporated a neural network system to combat fraud. In utilizing this program, it is possible that transactions may be declined. You authorize us to contact you without restriction by telephone, email, text message or in writing to administer your account regarding processing transactions and the prevention of fraudulent transactions. Alerts sent via text may not be delivered due to circumstances beyond our control as carriers do not guarantee delivery of such alerts. You have the right to opt out of specific contact methods by contacting the credit union at the address or telephone number listed herein. These restrictions are for security reasons, and we cannot fully explain the details of how our authorization system works. You agree that the credit union shall not be liable for withholding any authorization. If your account reflects an authorization hold, your available balance will be reduced. Please see the Membership Agreement for more information about your balances. This Card may not be used for online gambling (except as provided by Colorado law) or illegal transactions and activities. You understand that the Internal Revenue Service (IRS) limits use of this account to qualified medical expenses and that any non-qualified expenditures must be reported to the IRS.
TRANSACTION AUTHORIZATIONS. Sub-Merchant shall not submit Transactions hereunder unless they are submitted in the correct manner, including the Sub-Merchant being in possession of Transaction receipts and not submitting Transactions until they are complete, (i.e. the goods or services are shipped/provided) and the Transaction is in the correct currency and within the correct time limit, as applicable. Sub-Merchant may set a minimum Card Transaction amount to accept that provides access to a credit account, under the following conditions: (i) the minimum Card Transaction amount does not differentiate between card issuers; (ii) the minimum Card Transaction amount does not differentiate between Payment Networks; and (iii) the minimum Card Transaction amount does not exceed $10.00 (or any higher amount established by the Federal Reserve by regulation). Sub-Merchant may set a maximum Card Transaction amount to accept that provides access to a credit account, under the following conditions: (a) the Customer (i) is a department, agency, or instrumentality of the U.S. Government; or (ii) is a corporation owned or controlled by the U.S. Government; or (iii) is a Customer whose primary business is reflected by one of the following MCCs: (x) MCC 8220 – Colleges, Universities, Professional Schools, Junior Colleges; (y) MCC8244 – Schools, Business and Secretarial; or (z) MCC 8249 – Schools, Trade and Vocational; and (b) the maximum Card Transaction amount does not differentiate between card issuers; and (c) the maximum Card Transaction amount does not differentiate between Payment Networks. Bank shall hold, receive, disburse and settle Transaction funds on Sub-Merchant’s behalf. Subject to this Agreement, Sub-Merchant also authorizes Bank to debit or credit any payment card or other payment method Payrix accepts. Sub-Merchant authorizes Payrix Bank to initiate electronic ACH debit and credit entries to Sub-Merchant’s bank account(s) and to initiate adjustments for any Transactions credited or debited in error. Sub-Merchant agrees to be bound by the Rules, and Sub-Merchant agrees that all ACH Transactions that Sub-Merchant initiates will comply with the NACHA Rules and all applicable law. In the event of any inconsistency or conflict between any provision of this Agreement and the Rules, the Rules shall govern. Sub-Merchant’s authorization will remain in full force and effect until Sub-Merchant notifies Payrix that Sub-Merchant revokes such authorization by contacting Payrix through the Account. S...
TRANSACTION AUTHORIZATIONS. Lender shall have received, in form and substance satisfactory to Lender, evidence that all Authorizations and approvals or consents of any other Person required in connection with the execution, delivery and performance of the Loan Documents shall have been obtained.
TRANSACTION AUTHORIZATIONS. Unless required by applicable law, we reserve the right to decline request from a merchant, ATM owner, or other party to authorize a Card transaction. We may decline an authorization request for any reason, including (but not limited to) the fact that you do not have sufficient available funds in the account to cover the transaction or because our fraud monitoring systems have flagged the transaction as potentially fraudulent. You agree that the credit union will not be liable to you for declining an authorization request. If we decline a transaction due to suspected fraud, we may attempt to contact you via telephone, email, text message, or otherwise to verify the transaction. You authorize us to contact you for this purpose using any contact information we have on file for you. Please note that we have no obligation to contact you when we decline a transaction for suspected fraud (or otherwise) and will not be liable for failing to do so.
TRANSACTION AUTHORIZATIONS. You hereby authorize Brenart Eye Clinic to charge Your payment card or charge for any of the transactions You submit. You agree that Your submission of a transaction constitutes Your authorization to Brenart Eye Clinic charge Your card account, based on the information You have provided. In the event You would like to request a refund for a transaction processed on the Brenart Eye Clinic system, You must contact Brenart Eye Clinic directly and adhere to the guidelines outlined in section 6 below for "Transaction Refunds."