Cardholder Funds definition

Cardholder Funds means the funds available for use by a Cardholder from Loads and/or Credit Disbursements after recording the debits and credits with respect to transactions originated by or on behalf of a Cardholder.
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Cardholder Funds means those funds which have been received from or on behalf of a Cardholder for purposes of being loaded to a Card, but which have not yet been redeemed.
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Cardholder Funds means the pooled stored value account which is associated with one or more Cards, and includes the record of debits and credits with respect to transactions originated by each Cardholder.
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Examples of Cardholder Funds in a sentence

  • You MAY NOT treat Cardholder Funds as your property – this means your business cannot use Cardholder Funds for any operating or general purpose.

  • No later than 12:00 p.m. (CT) on the same business day, you must make available the Cardholder Funds reflected on the Daily Report to be credited as initiated by the applicable issuing bank, through the Automated Clearinghouse system, to a custodial bank account designated by Netspend at the Issuing Bank.

  • For the purpose of this Agreement, Cardholder Funds returned to the Agency are returned to the Cardholder.

  • On the business day immediately following a day that Netspend Prepaid Cards are sold and/or reloaded at your stores, Netspend will provide you with a report setting forth the amount of Cardholder Funds associated with such transactions (the “Daily Report”).

  • ALL Cardholder Funds – and the fees associated with the GPR card purchase or reload transaction – MUST be made available to 7-Eleven and InComm in accordance with the [Distributor Agreement] governing your business’s relationship with 7-Eleven and InComm.

  • Subject to Section 4.4, Retailer agrees that prior to Retailer’s remittance of the Gross Settlement Amount in accordance with Section 3.3 it shall be liable to Bank for all Cardholder Funds and purchase fees associated with Products purchased in Stores and for POS Loads and POS Reloads, as applicable, associated with such Products.

  • Cardholder Funds are FDIC-insured and cardholders must be provided all of the consumer protections that apply to a payroll card account under Regulation E (12 CFR Part 205) unless and until the Consumer Financial Protection Bureau amends Regulation E to provide consumer protections to prepaid cardholders.

  • Retailer shall not argue or assert in any bankruptcy proceeding that the Cardholder Funds are part of its bankruptcy estate.

  • This correlationis illustrated in Figure 3.Then, using Rg rate and Rg instead of Rv and Rw fixes this problem; the models 4, 7 and 10 RMSE T test regul, RMSE P test regulIt indicates RMSE of the mean posterior predictive of temperature (ppm T test regul) and power (ppm P test regul), sampled on the testing period with a temperature setpoint as input.

  • Furthermore, Retailer agrees that it will hold Cardholder Funds in trust on behalf of the Cardholder pending remittance to Bank in accordance with Section 3.3, and the Cardholder Funds will not be subject to creditors (whether secured or unsecured) of Retailer or its Affiliates, whether in connection with any bankruptcy or secured creditor proceeding filed by or against Retailer, its Affiliates or otherwise.


More Definitions of Cardholder Funds

Cardholder Funds means funds received from a consumer or Cardholder for the purchase of, a POS Load or a POS Reload to a Product.
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Cardholder Funds means funds received from a consumer or Cardholder for the purchase of, a POS Load or a POS Reload to a Product. “Cardholder Website” means the website operated by Bank under the domain name www.walmartmoneycard.com through which Cardholders may
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Cardholder Funds means funds which are loaded onto a Card by any funding option, including, but not limited to, by direct deposit, retail load, credit card load, processor batch load or through load networks.
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Cardholder Funds means a pooled custodial account associated with one or more Cards, and held by Bank for the benefit of the Cardholders. "CARDHOLDER AGREEMENT" means the agreement between Bank and a Cardholder governing the terms and conditions applicable to the use of a Card. "GOVERNMENTAL REQUIREMENTS" means collectively all statutes, codes, ordinances, laws, regulations that may apply to Cards, and all related rules, orders and decrees of all governmental authorities (including without limitation federal, state and local governments, governmental agencies and quasi-governmental agencies). "XXXX" means the service marks and trademarks of a System or Bank, including but not limited to, the names and other distinctive marks or logos, which identify a System and Bank. "PROCESSING SERVICES" means those services which are necessary to issue and service a Card and process a transaction in accordance with Government Requirements, Rules, or any Regulatory Authority. "PROGRAM" means a system of services approved by Bank under which a specific list of Cardholders subject to a Cardholder Agreement utilizes a Card to submit Transactions into a System utilizing a Settlement Account to access Cardholder Funds. This Agreement contemplates that Program Manager may be permitted by Bank to offer multiple Programs hereunder, each subject to the terms hereof and the prior written approval of Bank. (For purposes of calculating the contract minimums as described in Schedule A, a new Program is initiated through the concept document or the equivalent thereof being filed with any System. Additional minimums shall not be charged merely by the addition of a new co-brander). "PROGRAM REVENUE" means all income derived from a Cardholder's use of a Card or participation in a Program. "REGULATORY AUTHORITY" means, as the context requires, the State of placeStateSouth Dakota; the Federal Deposit Insurance Corporation; the Office of Thrift Supervision; and any Federal or state agency having jurisdiction over Bank or Program Manager. "RULES" means the by-laws and operating rules of any System, the published policies and procedures of Bank, as promulgated by Bank's Board of Directors in good faith to ensure the continued safety and soundness of Bank. "SETTLEMENT" means the movement and reconciliation of funds between Bank and System members in accordance with the Rules. "SETTLEMENT ACCOUNT" means the account maintained by Bank used for Settlement of all transactions initiated by use of a Card(s) by or on...
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Cardholder Funds means a pooled custodial account associated with one or more Cards, and held by Bank for the benefit of the Cardholders.
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Cardholder Funds means all funds received by Bank for loading or reloading to a Card including, without limitation, all funds held in a Cardholder Funds Account.
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Related to Cardholder Funds

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Cardholder Data has the meaning defined by the PCI Security Standards Council, Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application Data Security Standard (PA-DSS), Glossary of Terms, Abbreviations, and Acronyms, Version 3.0, January 2014, currently available online at: xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx/documents/PCI_DSS_Glossary_v3.pdf. For the term of this Contract, Contractor will maintain a provisional Authority to Operate (ATO) at the Moderate Level from the Federal Risk and Authorization Management Program (FedRAMP) Joint Authorization Board (JAB) or Federal Agency for any and all Cloud Services provided under this Contract. For the term of this Contract, Contractor will maintain an ISO 27001 Certification for any and all Cloud Services provided under this Contract.

  • Cardholder(s) persons authorized to use Association or Network branded cards.

  • Cardholder means the individual named on the card to whom the Card is issued by the Bank;

  • Principal Cardholder means a Cardholder who has been issued with a Principal Card;

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Card means the Visa credit card and any duplicates, renewals, or substitutions the Credit Union issues to you; "account" means your Visa credit card line-of-credit account with the Credit Union; and "Credit Union" means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

  • Cardholder Information means any non-public, sensitive information about a Cardholder, including any combination of Cardholder name plus the Cardholder’s social security number, driver’s license or other identification number or credit or debit card number, or other bank account number.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Debit Card Transaction means an electronic payment using a Card for the purchase of goods or services (which can include payment for CashBack), by a Cardholder, to a Retailer displaying the Visa logo and/or who is in the Visa Scheme.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Collection Accounts As defined in Section 3.10(a).

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Cardholder Agreement means the agreement between Bank and a Cardholder governing the terms and use of a Card.

  • Primary Cardholder means the person who applied for a Card, whose name is on the Account and who a Card is issued to. Purchase means any Transaction other than a Cash Advance.