VbV Password definition
Examples of VbV Password in a sentence
If you deny that your Card and if applicable, your PIN, VbV Password or other code have been used to execute a Transaction or you allege that such a Transaction has been incorrectly executed, we shall show by providing an abstract of our own internal records that the operation was accurately recorded and entered into the Account and was neither effected or affected by a technical breakdown or other deficiency.
However, entries in the Account in respect of Transactions effected by Cash Machine or Chip enabled Terminals or using any PIN, VbV Password or other code shall be prima facie evidence of such Transactions and will be binding on you and us.
The use of the PIN, VbV Password or other code will also be insufficient by itself to prove that you have intentionally, or because of your lack of reasonable care, failed to adhere to these Conditions or failed to keep the aforementioned PIN, VbV Password or other code safe.
In this regard, we may not rely solely on the fact that the instruction was authorised in accordance with the PIN, VbV Password or other code.
Failure to enter the VbV Password may result in the Transaction being declined.
Notwithstanding the death or legal disability of the Principal Cardholder or any Authorised User, we shall be entitled to provide all information requested and execute all instructions given with the Principal Cardholder’s or that Authorised User’s PIN and VbV Password until we have received actual written notice of such death or legal disability.
In this regard, we may not rely solely on the fact that the instruction was authorised in accordance with the PIN, the VbV Password, or the Secure System.