Fraudulent Transactions definition

Fraudulent Transactions means any Transaction which, in terms of applicable law, would constitute fraud (irrespective of whether NuPay provided the Merchant with an authorisation code number or not). This will include all purchases and Transactions which a person other than the authorised customer makes with a Card and all use of a Card which has been unlawfully or illegally issued.
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Fraudulent Transactions means all transactions which in terms of the common law or statue could constitute fraud and will include any purchase transaction arising from the use of the FeverTree Finance Credit facility by a person other than the authorised FeverTree Finance account holder.
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Fraudulent Transactions means Transactions made on a Card or Account by a person, other than Client or Cardholder, who does not have actual, implied, or apparent authority for such use, and which the Cardholder or Client receives no direct or indirect benefit.
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Examples of Fraudulent Transactions in a sentence

  • Perpetrators of Fraudulent Transactions will be referred to law enforcement officials.

  • In cases where unauthorized use of the GPC has occurred, the CH shall follow the procedures presented in Section A.1.11, Handling Fraudulent Transactions.

  • See Section A.1.11, Handling Fraudulent Transactions, for information on corrective actions for charge card improper use.

  • You must not honour Transactions and/or accept cards that You know or suspect are Fraudulent Transactions, Fraudulent cards or Transactions that are not authorised by the Customer.

  • Fraudulent Transactions that are not Counterfeit Transactions, taking place in a Card-Present Environment.

  • By entering into this Merchant Agreement, You undertake to co-operate with the Bank in furnishing all information and documentation requested by the Bank to enable the Bank to investigate Fraudulent Transactions.

  • They can also identify their target customers better and promote services and products such as different types of loans and credit cards to different section of audience.▪ Reduces Fraudulent Transactions: Most Financial institutions now offer security codes to their mobile customers in order to ensure added security while using apps for making transactions.

  • We will give you provisional credit for any Fraudulent Transactions with respect to which you have given us a prompt Zero Liability Notice.

  • To prevent Fraudulent Transactions, Members are advised to exercise due diligence and notify the company immediately any change in the address or demise of any member as soon as possible to their Depository Participants with whom they are maintaining their Demat Accounts.

  • You must give us notice (a “Zero Liability Notice”) if Fraudulent Transactions appear on a Periodic Statement (a “Fraudulent Activity Statement”) promptly after the Fraudulent Activity Statement is first made available to you.


More Definitions of Fraudulent Transactions

Fraudulent Transactions means transactions made on a Card or Account by a person, other than the State or Cardholder, who does not have actual, implied, or apparent authority for such use, and which the Cardholder or State receives no direct or indirect benefit.
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Fraudulent Transactions means Transactions initiated by a Person who obtains your Account Number or Card without your knowledge or consent. “Unprotected Transactions” means Transactions (i) initiated at ATMs, (ii) PIN Transactions not processed by MasterCard, and (iii) Transactions by Authorized Users that exceed the authority you give them.
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Fraudulent Transactions means any alleged fraudulent transaction intended to defraud or deceive the Participants, user or account holders.
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Fraudulent Transactions means transactions made on a Card by a person, other than Client or Cardholder, who does not have actual, implied, or apparent authority for such use, and for which neither Cardholder nor Client receives direct or indirect benefit. Joint and Several Liability means Client and Cardholder are jointly and severally liable for the Transactions, subject to the Agreement, and the Cardholder Agreement. MCC means merchant category code. Network means MasterCard International, Inc. Program means the commercial card system composed of Accounts, Card-use controls, reports to facilitate purchases of and payments for business goods and services, and related services, all as established in connection with the Agreement. Single-Use Account means a one-time virtual card number generated for a single transaction. System means the system through which Client can access Account and Transaction data and reports. Transaction means a purchase, a cash advance, fees, charges or any other activity charged to an Account in respect of a Card.
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Fraudulent Transactions means transactions made on a Card by a person, other than Client or Cardholder, who does not have actual, implied or apparent authority for such use, and which Cardholder or Client receives no direct or indirect benefit. Local Schedule means a schedule to this Master Agreement which sets forth the terms and conditions applicable to the commercial card Programs provided to Client in a particular geographic region or country. Marks means the name, trade name, and all registered or unregistered service marks of Client, the Network and Bank. Program means the commercial card system composed of Accounts, Card-use controls, reports to facilitate purchases of and payments for business goods and services, and related services, all as established in connection with the Master Agreement. Systems means the systems through which Client can access Account and Transaction data and reports. Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any related penalty or interest).
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Related to Fraudulent Transactions

  • Fraudulent Transfer Laws has the meaning set forth in Section 2.2.

  • fraudulent practice means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of the Procuring Entity, and includes collusive practices among Bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the Procuring Entity of the benefits of free and open competition.

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • Dishonest or Fraudulent Act means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.

  • Relevant Transaction has the meaning specified in Section 2.05(b)(ii).

  • Payment Transaction means an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;

  • former Act means the Companies Act or the International Business Companies Act;

  • Repudiation/Moratorium means the occurrence of both of the following events:

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • moratorium, control share acquisition" or other similar antitakeover statute or regulation enacted under state or federal laws.

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • Bankruptcy Code means the United States Bankruptcy Code, as amended from time to time, any successor statute or rule promulgated thereto.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Bankruptcy Law means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

  • Takeover Laws means any “moratorium,” “control share acquisition,” “fair price,” “supermajority,” “affiliate transactions,” or “business combination statute or regulation” or other similar state anti-takeover laws and regulations (including Section 203 of the DGCL).

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Electronic Transactions Act means the Electronic Transactions Act (As Revised) of the Cayman Islands.

  • Reorganization with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.