Common use of Virtual Cards Clause in Contracts

Virtual Cards. Subject to availability and any rules we or a Network may issue, Bank may at Company’s request and at our option issue a Card number without a tangible Card, called a “Virtual Card.” Virtual Cards may be limited to one-time use, have specific dollar limits, be limited to use at merchants of a certain type or usable only on or within certain dates, or otherwise subject to limited uses. Company agrees to observe any special procedures for the issuance, use or security of Virtual Cards. We make no representations or warranties that Virtual Cards can only be used within the limitations you request. Virtual Cards are provided “as is” without warranty of any kind, either express or implied, including but not limited to the implied warranties of merchantability and fitness for a particular purpose. We are not liable for any errors associated with the use of Virtual Cards, including invalid, inaccurate, or unauthorized payments due to circumstances beyond our reasonable control.

Appears in 2 contracts

Sources: Innovator Card Agreement, Innovator Card Agreement