Debit Cards definition

Debit Cards means PIN-based Debit Cards and such other debit cards for which the Bank offers card processing services.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Debit Cards means a plastic Card providing online access to the Cardholder’s account with a bank via an electronic data capture terminal, allowing Debit card transactions against the said account, resulting in the immediate debiting of the Cardholder’s account with the total amount of the debit card transactions effected;

Debit Cards are Visa‐branded, MasterCard‐branded, or Discover Network‐branded consumer Cards issued by U.S. Card Issuers that, when presented for payment, access, debit, hold, or settle funds from a consumer’s demand deposit, investment, or other asset account. Examples of Debit Cards include: Visa Classic, Gold, and Platinum Check Cards; Visa Check Card II Check Cards; Visa Buxx Cards; Visa Payroll Cards; Visa Gift Cards; and MasterCard Standard, Gold, and Platinum Debit Cards.

Examples of Debit Cards in a sentence

• You also agree to release the Bank and their respective directors, officers, employees and agents from any and all claims, demands and damages between persons using and accepting the Bank’s ATM and Visa Debit Cards issued to you, including any claims, demands or damages arising out of or related to the purchase or sale of goods or services.

• The card types are: (i) “Debit Card” -- U.S. and non-U.S. bank issued Visa or MasterCard Cards that access consumer asset accounts within 14 days of purchase, including stored value, prepaid, EBT, gift, or consumer check Cards; (ii) “Other Card” -- all Visa and MasterCard Cards issued by a non-U.S. bank and all Visa and MasterCard Cards other than Debit Cards, including business and consumer credit Cards.

• You agree that you will not reveal your User ID, Password, PIN, or any other Access Device to any person not authorized by you to use your Access Devices; not write your PIN or Password on your ATM and/or VISA Debit Cards or on any item kept with your Access Devices; and not leave a computer terminal unattended after you have logged in using your Password or other Access Device.

• Funds Hold; Clearing, Settlement and Risk Management Policy: All parties agree that Subscriber funds are considered “cleared” as follows: * Wires — 24 hours (one business day) following receipt of funds; * Checks — 10 days following deposit of funds to the Escrow Account; *ACH — 10 days following receipt of funds; *Virtual currencies – upon receipt of coins/tokens or USD upon conversion, as agreed; *Credit and Debit Cards – 24 hours (one business day) following receipt of funds.

• Some services on ATM or Debit Cards may not be available at all terminals.

More Definitions of Debit Cards

Debit Cards are Visa-branded or MasterCard- branded Cards issued by U.S. Card Issuers that when presented for payment, access, debit, hold or settle funds from a consumer’s demand deposit or asset account. Debit Cards include consumer signature debit programs, stored value programs, prepaid Cards, payroll Cards, electronic benefit transfer Cards and deferred debit Cards that access, debit, hold or settle funds from the user’s demand deposit or asset account less than fourteen (14) days after the date of purchase.

Debit Cards means all prepaid stored value re-loadable and non-reloadable debit cards (including without limitation, payroll cards) or other electronic or digital debit payment mechanisms, which are not restricted to use in any particular named retail location, and all products and services relating to the reloading of stored value on such prepaid debit cards.

Debit Cards means all United States-issued Visa- and MasterCard- branded payment cards that enable cardholders to access deposits or other assets to pay for goods or services or withdraw cash. For avoidance of doubt, solely for purposes of use herein, Debit Cards includes, without limitation, cards commonly known as debit cards, stored value cards, and ATM cards.

Debit Cards means Debit MasterCard and/or VISA Check Card debit cards issued by Customer.

Debit Cards. NAVITAIRE currently supports regional debit cards such as Visa Electron (EL), Visa Delta, Visa Connect, Switch/Solo, Maestro, and ▇▇▇▇▇▇. Not supported are debit cards requiring a Personal Identification Number [PIN], ATM cards, or private label credit cards. • ELV: Ability to use an Elektronisches Lastschriftverfahren (ELV) form of payment through European payment gateway. • Authorization: Authorization handled via the most appropriate NAVITAIRE supported provider for the Customer's area, such as Vital Systems, FDMS, First Data Merchant Services (USA), BCE Emergis (Canada) and ▇▇▇▇▇▇▇'▇ or NatWest(UK/Europe). • Settlement: Settlement handled via appropriate merchant bank or clearing service as determined by Customer's geographical region upon approval of NAVITAIRE. Upon request, NAVITAIRE will provide specifications for settlement records, which are required for conformity by the Customer's selected bank. Upon written notice to NAVITAIRE and to the authorization and settlement institutions, NAVITAIRE may act as the Customer's agent to order and facilitate installation of these circuits. • Verified by Visa & MasterCard Secure Code: Optional programs for Customer to participate in with their acquiring banks and / or payment service provider. Functionality is fully dependent upon the acquiring bank and / or payment service provider.

Debit Cards means PIN-based Debit Cards and such other debit cards for which Bank offers card processing services; “Authorization Only Cards” shall mean credit cards bearing the American Express or Diners Club identifying logos; and “Approved Cards” shall mean the Bank Cards, Debit Cards and Authorization Only Cards identified for processing by Bank. The holder of an Approved Card shall be hereinafter referred to as a Cardholder. Merchant must provide Bank written notice, not less than thirty (30) days in advance, of its election to accept only one of the following types of cards: (i) “Off-line Debit Cards”, or (ii) “Credit Cards.” Merchant understands and acknowledges, however, that Merchant, not Bank, is solely responsible for assuring, by whatever means, that its accepts only such elected type of cards.

Debit Cards means debit cards issued by BCH under the MasterCard, Visa or Diners Club networks in the Territory that may be used by the holder thereof to access the holder’s BCH bank account to purchase goods and services and to withdraw cash from the holder’s account, commonly known as a debit card.