MasterCard Zero Liability definition
Examples of MasterCard Zero Liability in a sentence
NOTE: MasterCard Zero Liability covers U.S.-issued cards only; and does not apply to ATM transactions, PIN transactions not processed by MasterCard, or certain commercial card transactions.
If a Card is used in a MasterCard transaction, then the MasterCard Zero Liability Policy may apply.
For example, the MasterCard Zero Liability Policy only applies to transactions that use the MasterCard payment system.
If a payment system other than MasterCard is used, then the transaction will not be covered by the MasterCard Zero Liability Policy.
If you Card is a MasterCard branded Card, we will extend to you the benefits provided by the applicable MasterCard Zero Liability Policy in effect at the time of any unauthorized or fraudulent use of your Card.
Please note that the MasterCard Zero Liability Policy may not apply to all Card transactions.
Your loss may be covered if MasterCard Zero Liability Protection applies.
The MasterCard Zero Liability Policy might not apply if you have not used reasonable care in protecting your Card from loss or theft or you have not promptly reported to SVB when you knew that your Card was lost or stolen.
The MasterCard Zero Liability policy is subject to certain conditions.
If your Card is lost or stolen, under the MasterCard Zero Liability Policy, if the requirements described below are satisfied, you will not be held responsible for unauthorized transactions on your Account, both through POS and ATM, that take place on the MasterCard network.