Authorised Transactions. The Account Holder must ensure each Cardholder Account has sufficient funds or credit limits in place to cover transactions performed using the Card. All transactions will need to be authorised by us before they can proceed. For example, if a Cardholder uses their Card to purchase goods or services, prior to any transaction being completed, the merchant involved in the transaction may obtain an authorisation for the transaction. The purpose of this authorisation is to confirm that there are sufficient funds available for the transaction. This authorisation may be completed at a later time such as for hotel accommodation and car hire. We reserve the right to refuse a transaction done using the Card if there are insufficient funds in the Cardholder Account to cover the transaction. The Cardholder agrees that we can debit the Cardholder Account for all transactions done using the Card. The Cardholder can authorise transactions by:
Authorised Transactions. 2.1 Each of the Schedules specified below shall only apply if the Merchant has been authorised by the Bank in writing (whether in the Merchant Application Form or otherwise) to effect and complete the type of Transaction corresponding to the relevant Schedule:
Authorised Transactions. Any Shares disposed of by an "authorised transaction" within the meaning of the Securities Transfer Act 1991 may be transferred by an instrument of transfer complying with the provisions of that Act or by an instrument complying with clause 11.4.
Authorised Transactions. You must ensure that your account has sufficient funds or credit limits in place to cover transaction performed using your card. All transactions need to be approved VISA DEBIT Card Terms& Conditions 15 by BSP before they can proceed. For example, if a cardholder uses their card to purchase goods or services, prior to any transaction being completed, the merchant involved in the transaction may obtain an authorisation for the transaction. The purpose of this authorisation is to confirm that there are sufficient funds available for the transaction. This authorisation may be completed at a later time such as for hotel accommodation and car hire. We reserve the right to refuse a transaction done using the Card if there are insufficient funds in the account to cover the transaction. You agree that BSP can debit your Account with all transactions done using your Card. You can authorise transaction by: • using your Card alone or together with your PIN, • presenting your Card to a Merchant and signing a voucher or other documentation acceptable to us authorising the transaction • providing your Card Details to a Merchant or to any other party to whom payment is to be made, either directly or via a third party, in a manner acceptable to BSP • arranging an electronic debit, such as a recurring transaction or periodical payment to be paid directly from your Account. When you authorise a Transaction, you confirm the validity of the transaction.
