Fraudulent Transactions definition

Fraudulent Transactions means any Transaction which, in terms of applicable law, would constitute fraud (irrespective of whether NuPay provided the Merchant with an authorisation code number or not). This will include all purchases and Transactions which a person other than the authorised customer makes with a Card and all use of a Card which has been unlawfully or illegally issued.
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Fraudulent Transactions means Transactions made on a Card or Account by a person, other than Client or Cardholder, who does not have actual, implied, or apparent authority for such use, and which the Cardholder or Client receives no direct or indirect benefit.
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Fraudulent Transactions means transactions made on a Card or Account by a person, other than the State or Cardholder, who does not have actual, implied, or apparent authority for such use, and which the Cardholder or State receives no direct or indirect benefit.
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Examples of Fraudulent Transactions in a sentence

  • Perpetrators of Fraudulent Transactions will be referred to law enforcement officials.

  • Whenever necessary and in particular in any of the circumstances set out in Clauses 8 (Queries or Complaints), 13 (Lost Stolen or Damaged Cards) and 14 (Fraudulent Transactions) of this Agreement, the Company agrees to cooperate to the fullest extent to assist in any investigation that AEME may wish to make.

  • We may withhold, delay, limit, or rescind provisional credit if we conclude, after verification and investigation of your claim, account standing, and history, that (i) Fraudulent Transactions occurred on account of your gross negligence or fraud, and/or (ii) you did not promptly report unauthorized use of your Card, Convenience Checks, or Account Number as required in section 16.

  • You must give us notice (a “Zero Liability Notice”) if Fraudulent Transactions appear on a Periodic Statement (a “Fraudulent Activity Statement”) promptly after the Fraudulent Activity Statement is first made available to you.

  • We will give you provisional credit for any Fraudulent Transactions with respect to which you have given us a prompt Zero Liability Notice.

  • Whenever necessary and in particular in any of the circumstances set out in Clauses 8 (Queries), 13 (Lost Stolen or Damaged Cards) and 14 (Fraudulent Transactions) of this Agreement, the Company agrees to cooperate to the fullest extent to assist in any investigation that AEME may wish to make.

  • The Customer, the Customer Admin and the Customer Users must not use the Services or its Account to initiate, accept, facilitate or support any Fraudulent Transactions or activity, including, but not limited to, accepting payments for Goods not delivered or deliverable.

  • The restatements reflect the impact of the Fraudulent Transactions as well as the reclassification of certain balances of assets in the prior years.

  • The MasterCard Zero Liability Policy offers protection for Fraudulent Transactions, but does not offer protection for Unprotected Transactions.

  • Should immediate Settlement take place, You take full responsibility and liability for Fraudulent Transactions, Chargebacks and/or any Losses that may be incurred as a result thereof.


More Definitions of Fraudulent Transactions

Fraudulent Transactions means all transactions which in terms of the common law or statue could constitute fraud and will include any purchase transaction arising from the use of the FeverTree Finance Credit facility by a person other than the authorised FeverTree Finance account holder.
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Fraudulent Transactions means Transactions initiated by a Person who obtains your Account Number or Card without your knowledge or consent. “Unprotected Transactions” means Transactions (i) initiated at ATMs, (ii) PIN Transactions not processed by MasterCard, and (iii) Transactions by Authorized Users that exceed the authority you give them.
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Fraudulent Transactions means transactions made on a Card by a person, other than Client or Cardholder, who does not have actual, implied, or apparent authority for such use, and for which neither Cardholder nor Client receives direct or indirect benefit. Joint and Several Liability means Client and Cardholder are jointly and severally liable for the Transactions, subject to the Agreement, and the Cardholder Agreement. MCC means merchant category code. Network means MasterCard International, Inc. Program means the commercial card system composed of Accounts, Card-use controls, reports to facilitate purchases of and payments for business goods and services, and related services, all as established in connection with the Agreement. Single-Use Account means a one-time virtual card number generated for a single transaction. System means the system through which Client can access Account and Transaction data and reports. Transaction means a purchase, a cash advance, fees, charges or any other activity charged to an Account in respect of a Card.
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Fraudulent Transactions means anything recognized on or after July 22, 1929, as such in courts of law or equity; any device, scheme, or artifice to defraud or to obtain money or property by means of any false pretense, representation, or promise; any fictitious or pretended purchase or sale of securities; and any act, practice, transaction, or course of business relating to the purchase or sale of securities that is fraudulent or that has operated or would operate as a fraud upon the seller or purchaser.
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Fraudulent Transactions means any alleged fraudulent transaction intended to defraud or deceive the Participants, user or account holders.
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Fraudulent Transactions means transactions made on a Card by a person, other than Client or Cardholder, who does not have actual, implied or apparent authority for such use, and which Cardholder or Client receives no direct or indirect benefit. Local Schedule means a schedule to this Master Agreement which sets forth the terms and conditions applicable to the commercial card Programs provided to Client in a particular geographic region or country. Marks means the name, trade name, and all registered or unregistered service marks of Client, the Network and Bank. Program means the commercial card system composed of Accounts, Card-use controls, reports to facilitate purchases of and payments for business goods and services, and related services, all as established in connection with the Master Agreement. Systems means the systems through which Client can access Account and Transaction data and reports. Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any related penalty or interest).
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Related to Fraudulent Transactions

  • fraudulent practice means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of any bidder, and includes collusive practice among bidders (prior to or after bid submission) designed to establish bid prices at artificial non-competitive levels and to deprive the bidder of the benefits of free and open competition.

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;