Stored Value Cards definition
Examples of Stored Value Cards in a sentence
In addition to maintaining deposit provision in accordance with Article 18, Paragraph 1 of Act Governing Issuance of Electronic Stored Value Cards, EasyCard Corporation shall be required to transfer any balance in Debit Card with EasyCard service on trust in accordance with the said Act Governing Issuance of Electronic Stored Value Cards and relevant laws and regulations in order to protect the cardholder's interest.
For the purpose of this Gazette notification, unless the context otherwise requires; ‘Electronic Funds Transfer Cards (EFTC)’ means a card or device that enables the user to transfer value in credit, debit or any other form and includes Credit Cards, Debit Cards and Stored Value Cards.
The form and content of all Stored Value Cards may be subject to our approval.
All production and delivery timeframes and costs provided are estimates only and Chase Paymentech does not guarantee any specific date of delivery or price for Stored Value Cards produced by third parties.
Merchant is responsible for all production costs and delivery charges for Stored Value Cards.
Stored Value Cards, packaging, and point-of-purchase marketing materials are available and priced on a per bundle basis, based on current rates.
Popular uses for Stored Value Cards include, but are not limited to, an electronic version of paper gift certificates, merchandise return cards, and prepaid cards.
If you do elect to purchase Stored Value Cards from us, we will arrange for the Stored Value Card production and may, at our option, invoice you therefore, in lieu of electronically debiting your account.
Chase Paymentech will provide Merchant with access to monthly reporting detailing Merchant’s Stored Value Card Transactions and the outstanding balances on the individual Stored Value Cards.
This Section 1.5 applies only if Merchant elects to accept Stored Value Cards from its Customers and submits such Stored Value Card Transactions to Chase Paymentech for processing.