CARDLIFE
PREPAID CORPORATE OWNED FUNDS CARD
TERMS AND CONDITIONS OF USE

 

These terms and conditions of use ("Terms"), and the provisions of the schedule ("Schedule"), in relation with the use of the reloadable prepaid Card issued by Transact Payment Limited (collectively the "Agreement") constitute a binding agreement between You and Transact Payment Limited.

"You" and "Your" means the "Contract Holder" of the Card and as applicable, the Card User on the Contract Holder’s behalf. "We", "Our" or “Us” means Transact Payments Limited which is licensed by the Gibraltar Financial Services Commission with Registered Office: 6.20 World Trade Center, 6 Bayside Road, Gibraltar GX11 1AA, Gibraltar and company registration number 108217 or Bankable on Our behalf. Transact Payments Limited is the issuer of the Card pursuant to its licence by Mastercard International.

You will be asked to confirm Your acceptance of this Agreement when You apply for Cards via the Corporate Account Platform. If You refuse to accept this Agreement then We will not be able to complete Your order for Cards. The Agreement will be governed by Terms and Schedule in force as displayed on the Website and the Corporate Account Platform.

Please read the Terms and Schedule carefully and retain a copy for future reference.

1. Definitions and Interpretation

Bankable means Cards Prepaid Limited incorporated and registered in the UK with company number 06320929 and registered office at 1 Canada Square, level 42, E14 5AB London, UK.

Card means each plastic or virtual reloadable prepaid card issued to You by Us pursuant to licence by the Card Scheme, loaded in the Denominated Currency. References to the Card include all Card details, Security Details and PINs. Virtual reloadable prepaid cards shall not contain PINs.

Cardlife means Cardlife Limited, as per clause 19.2, the administrative and technical manager of the Card and in particular in charge of Customer Services.

Card User means an individual to whom a Card is supplied and validly authorised by You to use and to utilise funds loaded on a Card subject to this Agreement and on Your behalf. Current Bank of India legislation prevents the provision of Cards to residents of India.

Card Scheme has the meaning defined in the Schedule.

Card Services means any services provided by Us or Our third party service providers in connection with a Card.

Contract Holder means You, the corporate entity which, subject to its Corporate Account Platform agreement, owns the available funds that can be used by the Card User and to whom the Cards are issued.

Corporate Account Platform means the online platform where Cards can be ordered and funds loaded for use by the Card Users. Use of the Corporate Account Platform is regulated by an agreement entered into between the Contract Holder and Cardlife.

Customer Services means the department in charge of providing customer support for the Card as further indicated in the Schedule.

Denominated Currency has the meaning given to it in the Schedule.

Insolvency Event: occurs, with respect to any party, in the event of

  • a) that party passing a resolution, or a court making an order, that that party be wound up (except for the purposes of a bona fide, solvent reconstruction or amalgamation);
  • b) an order being made for the appointment of an administrator in relation to that party or a receiver, administrative receiver or manager being appointed over all or any part of that party's assets or undertaking;
  • c) that party being unable to pay its debts within the meaning of section 123 of the UK Insolvency Act 1986;
  • d) there being proposed in respect of that party any voluntary arrangement under section 1 of the UK Insolvency Act 1986 or any compromise or arrangement under Part 26 of the UK Companies Act 2006; or
  • e) any circumstances occurring that are the equivalent of (a) to (d) above under the legislation and related case law and practice applicable to that party (where (a) to (d) above do not apply for any reason to that party).

IVR means the interactive voice recognition server that allows the Card User to perform certain Transactions on the Card, such as requesting up to date balance information, blocking and unblocking the Card, reporting the Card lost or stolen and seeking assistance with any enquiries in regard to the operation of the Card or the available funds. The IVR, where available, may be accessed using the number indicated in the Schedule.

PIN or PIN Code means the personal identification number used to access certain Card services, provided to the Card User.

Security Details means certain information, including personal information, given by You on behalf of the Card User when applying for the Card and as notified to Us by You from time to time.

SMS Service means an optional service used by the Card User to perform certain operations (including activation, viewing of available balance, blocking and unblocking a Card) by SMS text message. The SMS Service, where available, may be accessed using the number indicated in the Schedule.

Transaction means Your use of the Card to (i) make a payment, or a purchase of goods or services from a Merchant over the internet, by phone or mail order or (ii) withdraw cash from an ATM or bank.

Website means the website indicated in the Schedule, where Card Users may perform certain operations in relation to their Card such as activation, viewing Transactions, viewing of the balance, blocking and unblocking and raising queries with Customer Services in relation to use of the Card or the available funds.

2. Purpose of the Card

2.1 The Card is a reloadable prepaid card featuring immediate debit of preloaded funds and systematic authorisation. The Card allows Card Users to access available funds that have been previously loaded on the Card by the Contract Holder via the Corporate Account Platform. The Card is not a credit card and all use is limited to the amount pre-loaded on the Card and any other limits referred to in this Agreement.

2.2 The Card is issued by Us at the Contract Holder’s request and upon acceptance of said request to Us via the Corporate Account Platform. Plastic Cards will be sent directly to You or the Card Users (as directed by You) as per the address specified on the Card order request completed on the Corporate Account Platform.

2.3 The Card can be used worldwide wherever You see the Card Scheme symbol displayed online, and for plastic Cards also at Automatic Teller Machines (“ATMs”) and merchants, including shops and restaurants who accept the Card Scheme (subject to local laws and regulations in the country of use), providing there are sufficient funds available on the Card for the Transaction, including any applicable fees (subject to local laws and regulations in the country of use).

2.4 The Card remains at all times Our property and must be returned to Us or destroyed upon Our request. Use of the Card is personal to You and the Card Users. You cannot assign Your rights under this Agreement, and the Card User is strictly prohibited from transferring or giving the Card to any third party or from allowing any third party to use the Card. The authorisation for You and/or Card Users to use the Card may be revoked at any time, in accordance with clause 10 below.

2.5 The Contract Holder shall be liable for all acts and omissions of Card Users purported to be carried out pursuant to the activities anticipated by this Agreement. The Contract Holder warrants, represents and undertakes that it shall ensure that all Card Users are made aware of the content of this Agreement and understand the obligations regarding the use of the Card.

2.6 There is no interest payable to You on the balance of the Card and the balance does not amount to a deposit with Us.

3. Use of Card

3.1 Activation and General Use of the Card

  • 3.1.1 The Card cannot be used unless it has been activated within the notified time by the Card User. An activation procedure will be provided with each plastic Card. You must know, and ensure that Card Users know and follow the steps required to activate the plastic Card and the instructions must be followed. You shall only distribute the Card to the Card User and You shall be responsible for ensuring that each Card User complies with this Agreement where applicable.
  • 3.1.2 The Card is only for use by the Card User and expires on the date on the front of the Card. The Card cannot be used after it has expired.
  • 3.1.3 The amount relating to each Transaction and any associated fees will be deducted from the balance on the Card.
  • 3.1.4 When using the Card at certain merchants, including hotels, restaurants and petrol stations, the merchant may hold an additional amount to cover tips/gratuities, temporarily reducing the balance available on the Card.
  • 3.1.5 We do not recommend using the Card as: (i) a guarantee of payment, for example as a deposit for hotels, cruise lines or car rental, as merchants such as these may estimate the final bill and this amount will be temporarily unavailable to access or spend or as (ii) an arrangement for periodic billing as any debits as a result of such arrangements will be considered to have been authorised by You.
  • 3.1.6 You agree to accept a credit to the Card if a Card User is entitled to a refund for any reason for goods or services purchased using the Card.
  • 3.1.7 We are not responsible for ensuring that ATM’s and point of sale terminals (“POS”) will accept the plastic Card.
  • 3.1.8 Strictly for plastic Cards, certain POS, particularly those situated in moveable property such as trains and ships, and certain static payment terminal machine such as in car parking lots, and toll ways are not connected in real time to the Card Scheme approval network and may not be able to accept prepaid Cards. We accept no responsibility, and shall not be liable for any inability of Card Users to use their Cards in such POS or machines.
  • 3.1.9 You must comply with all laws and regulations (including any foreign exchange controls) in respect of the Card, in the country of purchase and/or use.

3.2 Available funds

  • 3.2.1 The Card User should check that sufficient funds are available on the Card prior to attempting to make any Transaction to avoid disappointment or embarrassment if the Card is declined.
  • 3.2.2 If there are insufficient funds on the Card to pay for a Transaction the Card may be declined or the retailer may allow payment of the balance by some other means.
  • 3.2.3 The Card can only be used if it has a positive balance.
  • 3.2.4 Strictly for plastic Cards, payments made on some machines, such as automatic fuel dispensers, generate a pre-authorisation to reserve an amount that may be greater than the payment requested. In this case, the request for pre-authorisation of the greater amount may result in denial of the Transaction and the associated payment. For services offered by these machines Card Users should ensure the Card has adequate funds to meet the amount required by the pre-authorisation.
  • 3.2.5 The Card User may redeem or spend the balance of any unspent funds on the Card at any time prior to its expiry date. Following the Card’s expiry, unspent funds may only be redeemed by the Contract Holder.
  • 3.2.6 The Card User may obtain certain information concerning the Card and recent Transactions via the Website

3.3 Temporary blocking of the Card

  • 3.3.1 The Card User and/or Contract Holder may request to have the Card temporarily blocked by contacting Customer Services.
  • 3.3.2 You and/or the Card User may request that the Card to be unblocked at any time via the Corporate Platform or the Website (as applicable), by contacting the IVR or by SMS where available using the information and according to the procedures set out in the Schedule.
  • 3.3.3 Applying for a Card to be temporarily blocked shall not satisfy the obligation of the Card User or Contract Holder to inform Us of the suspected or actual loss, theft, misuse or fraudulent use of the Card or of the related data.
  • 3.3.4 If We block or suspend a Card, We shall notify You and/or the Card User by e-mail and/or SMS text message, if possible prior to blocking or suspending the Card, and at the latest, immediately after, unless We reasonably believe that providing such information would constitute a security risk or We are not permitted to provide such information by any applicable law. The Card User and/or Card Holder can at any time request that the block be removed from their Card by contacting Customer Services at the contact details specified in the Schedule, but the discretion to unblock the Card or resume provision of Our services will be at Our discretion.

3.4 Reloading: Reloading of the Card may be permitted, if applicable, as set out in the Schedule.

3.5 Card Renewal: Any Card renewal, if applicable, shall be subject to the Schedule.

3.6 Refund: Goods or services paid for with the Card cannot be refunded by a retailer unless there was a prior Transaction debited from the Card by that retailer of an equal or higher amount than the refund requested. If the Card User and retailer agree a refund, the retailer may process the refund via a POS terminal. Amounts credited to the Card as refunds shall be available no more than 3 (three) days after the time the refund order was received. If an amount is credited to the Card that does not correspond to a refund, We reserve the right to apply loading fees as set out in the Schedule and/or, in Our discretion, terminate the agreement.

4. Card Limits and Fees

4.1 The Card Fees and Limits provisions are outlined in the Schedule and will apply to the Card.

4.2 Withdrawal and/or Transaction limits may apply to the Card as detailed in the Schedule.

4.3 When the fees are linked to a Transaction that results from a related service without use of the Card, it will be carried out provided that sufficient funds are available on the Card to cover the cost of the Transaction and the fees, and related fees shall be separately debited from the Card’s balance.

4.4 Each time the Card User uses the Card, the value of the Transaction plus any applicable fees shall be debited from the Card. If the value of the Transaction plus any applicable fees exceeds the balance of the funds available on the Card the Transaction will be declined, and applicable fees shall be charged to the Card in accordance with the provisions of the Schedule. These fees cannot exceed the amount of the payment order.

5. Card Security

5.1 Card Users must sign the back of the plastic Card as soon as they receive it.

5.2 You should treat the Card like cash. If it is lost or stolen, you may lose some or all of your money on your Card, in the same way as if you lost cash.

5.3 You must keep the Card, Security Details and PIN (as applicable) safe by taking appropriate measure, including, but not limited to, the following:

  • i. never allowing anyone else to use the Card or sharing the PIN or Security Details with anyone;
  • ii. not carrying the PIN with the Card or recording the PIN where it may be accessed by other people;
  • iii. not interfering with any magnetic stripe or integrated circuit on the Card;
  • iv. complying with any reasonable instructions We give about keeping the Card and the PIN safe and secure;
  • v. using only secure internet sites for making Card Transactions on-line;
  • vi. choosing strong passwords that mix alpha and numeric characters when managing the Card account on-line;
  • vii. checking ATMs for signs of tampering, e.g. false fronts, before use;
  • viii. shredding any personal information or Security Details relating to the Card that could be used by an identity thief; and
  • ix. reporting thefts of any Security Details relating to the Card to any relevant organisations to warn them of any potential attempts to commit identity fraud in Your name.

5.4 You shall never be required to provide Your PIN by telephone or on the internet in order to pay for goods or services or carry out a Transaction. If anyone asks You to reveal a PIN, the request should be refused and reported to Customer Services.

5.5 The PIN may be disabled if an incorrect PIN is entered three (3) times at all ATMs and/or POS. If the PIN is disabled, please visit the Website or contact Customer Services to reactivate the PIN. There may be a twenty-four (24) hour delay in reactivating Your PIN.

5.6 You undertake, represent and warrant to Us that the Transactions that the Card User will undertake using the Card do not contravene any applicable law and that You and the Card User shall at all times comply with all applicable laws in relation to the performance of Your obligations under this Agreement.

5.7 The Card User shall obtain a receipt for every Transaction undertaken with the Card. The Card User must retain their receipts to verify their Transactions.

5.8 Card Users shall not under any circumstances send their active and/or loaded Card to Us or any third party, by post or any other unsecure delivery method.

5.9 Information sent over the internet may not be completely secure. The internet and the online systems are not controlled or owned by us so We cannot guarantee that they will be secure and function at all times and We accept no liability for unavailability or interruption.

6. Authorising Transactions

6.1 You will need to authorise each Transaction so that we can check it is genuine by, where applicable, a) using your PIN or other security code personal to you; b) signing a sales voucher; c) providing the Card details and/or providing any other details personal to you and/or your Card.

6.2 If a Transaction order is received after 4pm on a Business Day then it will be deemed to have been received on the next Business day.

6.3 Once a Transaction has been authorised by you, it cannot be revoked and the time of receipt of a Transaction order is when we receive it.

6.4 Your ability to use or access the Card may occasionally be interrupted, for example if we need to carry out maintenance on our systems or websites. Please contact Customer Services to notify us of any problems you are experiencing using your Card or Account and we will endeavour to resolve these as soon as possible.

7. Loss, theft and misuse of cards

7.1 If the Card is lost, stolen, misused or is likely to be misused by a third party or You or the Card User suspect that someone else may know the related PIN or Security Details or has carried out an unauthorised Transaction, You must stop using the Card and notify Customer Services directly as soon as possible on becoming aware of such loss, theft, misappropriation or unauthorised use of the Card. The Card shall be suspended to avoid further losses upon Your notification to Us in accordance with this clause.

7.2 We may also suspend a Card with or without notice if We suspect that the Card, PIN or any other Card-related security details have been, or is likely to be, misused, if any Transactions are deemed to be suspicious and/or are identified as being fraudulent, if We have reason to believe that You have broken an important condition of these Terms or that You have repeatedly broken any term or condition and have failed to remedy it, or if We suspect illegal use of the Card.

7.3 You and/or the Card User will be required to confirm details of the loss, theft or misuse to us in writing.

7.4 You and/or the Card User may be required to assist Us, Our agents or the police if the Card is stolen or We suspect the Card is being misused.

7.5 Replacement Cards will be sent to the most recent address you have provided and may be subject to a fee as set out in the Schedule.

7.6 If any reported lost Card is subsequently found it must not be used unless You contact Customer Services first and obtain approval.

8. Our Liability to You

8.1 We will not be liable to You in respect of any losses You or the Card User may suffer in connection with or arising from the Card, except where such losses are due to a breach by us of this Agreement or due to Our negligence. In addition, We will not be liable for disputes concerning the quality of goods or services purchased from any merchant that accepted a Card or for any additional fees charged by the operator of POS or ATM terminals (e.g. when You are offered dynamic currency conversion at a point of sale). In particular, We will not be liable for any loss due to: (i) any failure due to events outside Our reasonable control; (ii) any system failure or industrial dispute outside Our control; (iii) any ATM or retailer refusing to or being unable to accept the Card; (iv) the way in which any refusal to accept the Card is communicated to You; (v) any infringement by You of any currency laws; (vi) Our taking any action required by any government, federal or state law or regulation or court order; or (vii) anything specifically excluded or limited elsewhere in this Agreement.

8.2 Unless otherwise required by law, we shall not be liable for any direct or indirect loss or damage you may suffer as a result of your total or partial use or inability to use your Card, or the use of your Card by any third party (including any fraudulent or unauthorised Transactions and subsequent unsuccessful charge-backs).

8.3 You agree to indemnify Us against any and all actions, claims, costs, damages, demands, expenses, liabilities, losses and proceedings We directly or indirectly incur or which are brought against Us if You have acted fraudulently, been negligent or have misused the Card or any of the services which We provide to You.

9. Terminating this agreement

9.1 This agreement shall continue in force until termination of Your Corporate Account Platform agreement with Cardlife or unless otherwise terminated in accordance with this clause 9 or clauses 10 and 13.3.

9.2 The Agreement may be terminated at any time by the Contract Holder by sending 30 days' written notice to Customer Services.

9.3 A cancellation fee may be deducted from the available funds on the Card in accordance with the Schedule.

9.4 During this 30 day notice period, all available funds on the Card must be either spent by or redeemed by You in accordance with clause 9.7

9.5 Once your Plastic Card has expired or if it is found after you have reported it as lost or stolen you must destroy it by cutting it in two through the magnetic strip.

9.6 In accordance with clause 3.2.5, any remaining funds left on the Card after its expiry, less fees in accordance with the Schedule, will be unloaded following termination, in accordance with the procedure set out in the Corporate Account Platform terms and conditions.

9.7 We may also charge a redemption fee, in accordance with the Schedule, if you request redemption of any funds held on a Card.

10. Causes for Termination

10.1 We reserve the right, at any time and without prior notice, at Our discretion to terminate the Agreement, to block or suspend use of the Card and/or to demand the return of the Card if any of the following circumstances arise:

  • i. The plastic Card was not activated within the notified activation period;
  • ii. We reasonably suspect the security of the Card has been compromised in any way;
  • iii. the Card has a zero or negative balance for more than 3 consecutive months;
  • iv. the Card is used, or We reasonably suspect the Card has been used, to undertake one or more Transactions which break any applicable laws or the terms of this Agreement or You otherwise break any important term or repeatedly break any term and fail to remedy it.
  • v. in the event You or the Card User engage in any actual or attempted fraudulent activity or We reasonably suspect You or the Card User to have done so; or
  • vi. in case of non-payment of any annual or other applicable fees, as set out in the Schedule.
  • vii. You suffer an Insolvency Event or You cease or threaten to cease to carry on Your business.

10.2 As per clause 3.3, We shall remove the block on the Card as soon as practicable after We are satisfied, acting reasonably, that the reasons for blocking or suspending it no longer exist. If the circumstances for blocking or suspending the Card continue for 1 month, We may terminate the Agreement instead.

10.3 Any termination or expiry of the Agreement, howsoever caused, shall be without prejudice to any obligations or rights of either of the parties which may be accrued prior to termination or expiry and shall not affect any provision of the Agreement which is expressly or by implication intended to come into effect on, or to continue in effect after, such termination or expiry.

10.4 The Contract Holder will be responsible for ensuring that all Cards Users have been notified of termination of the Agreement.

11. Penalties

11.1 In addition to such actions constituting a break of the provisions of this Agreement, any illegal or fraudulent use of the Card by You or the Card User, or with knowledge, may be reported to the Police or any other relevant regulatory authority.

11.2 You shall be liable to Us for all losses, fees and other expenditure incurred by Us in relation to the recovery, cancellation or reversing of Transactions resulting from the misuse of the Card by You or the Card User or where You break any important provision or repeatedly break any provision of this Agreement and fail to remedy it.

12. Confidentiality and Data Protection

12.1 We shall be allowed to disclose information about You, Card Users or Card Transactions to third parties in the following cases: (i) when necessary to allow Card Users to complete a Transaction; (ii) to allow a third party, including a retailer, to verify the authorisation and the available funds of a Card: (iii) to respond to a request for information from any governmental or other regulatory body or in response to any other legal requirement; (iv) if You and/or the Card User give Us authorisation to do so; (v) to Our employees, account auditors, affiliated companies, service providers or legal or other professional advisors. In using your Card, you agree that we can use your personal information in accordance with this clause as amended from time to time, which includes details of the personal information that we collect, how it will be used, and who we pass it to.

12.2 In this clause personal information means any information that you give to us which can include:

  • • Your contact information (e.g. name, address, phone number, email, billing or mailing address);
  • • Your date of birth;
  • • Your usernames and passwords;
  • • Your identity validation (e.g. passport and driving licence copies and details);
  • • information that you provide by filling in forms on our site or applications to use our services;
  • • records of any correspondence when you contact us;
  • • details of Transactions you carry out through our website or via use of our services and of the fulfilment of your Transaction requests;
  • • details of your visits to our website including the resources that you access and your IP address; and
  • • confidential details about any matter on which you choose to engage us, as well as your bank account and/or other payment details for the purpose of paying our charges.
  • • We will keep your personal information for only as long as we need to or are allowed to by law. Under the Gibraltar Data Protection Act 2004, you have certain rights to receive a copy of the personal information we hold about you and we may charge you a fee for this.

12.3 We will process and record your personal information, including details of your Transactions for the following purposes:

  • • so that we can manage your Account and Card;
  • • to carry out, monitor and analyse our business;
  • • to ensure compliance with any laws or regulations in any country.

12.4 We will only provide you with direct marketing information including third party marketing information if you opt-in to receive such information.

12.5 We may reveal your personal information to the following third parties:

  • • companies and organisations who provide a service to us or are acting as our agents (including their sub-contractors), on the contractual understanding that they will keep the information confidential and subject to the same legal requirements regarding privacy and security;
  • • any person authorised by you and to any other person notified by you as authorised to give instructions or to use the account or products or services on your behalf;
  • • any third party as a result of any restructure, sale or acquisition of any company within our Group, provided that any recipient uses your information for the same purposes as it was originally supplied to us and/or used by us.

12.6 We may pass your information outside the EEA to other countries. Where data is transferred outside of the EEA to a country or territory whose laws do not provide adequate levels of protection to personal data equivalent to those of the EEA, we shall ensure that suitable contract terms are in place within our group in relation to internal transfers of data, and third parties in relation to external transfers, so that your personal data is processed in accordance with our instructions, and procedures are in place to ensure its on-going security.

12.7 Questions, comments and requests regarding our processing of your personal data are welcomed and should be addressed to Transact Payments Limited at 6.20 World Trade Center, 6 Bayside Road, Gibraltar GX11 1AA, Gibraltar.

13. Variations of Agreement

13.1 We may, at Our discretion, alter this Agreement at any time. If the change is to Your advantage and/or not material (to be decided at Our discretion) We shall make the change immediately without notice. The version of this Agreement displayed on the Website and Corporate Account Platform at any time shall constitute the biding version and shall render any previous one obsolete. You understand that the Website and/or the Corporate Account Platform should regularly be checked.

13.2 If We believe the change is material, We shall give You 2 months’ prior notice by post or email before We make the change, unless the change is required to be implemented earlier by any applicable law, regulation or rule by Card Scheme, or if it relates to a change in the exchange rate.

13.3 If You do not agree to the change You should terminate the Agreement in accordance with the provisions of this Agreement. If You do not do so We will assume that You agree to the change and it will be implemented upon the expiry of the notice period.

14. Guarantee

14.1 We will at any time replace a Card reported as being defective. The defective product must be returned to Us in that condition by registered post. Postage costs will be reimbursed by adding them to Your available funds if the product is proven to be defective after being inspected by Our technicians.

14.2 If Our inspection of a returned Card reported by You or the Card User as being defective shows this to be incorrect then the Card shall be returned to You or the Card User and We may apply administrative fees to the Card, which will be deducted from the available funds in accordance with the Schedule.

15. Exclusions

15.1 The above guarantee is not applicable if:

  • • the Card is used in a manner which breaks any important term or repeatedly breaks any term of this Agreement; or
  • • you have not taken due care in relation to the storage and/or maintenance of the Card (including extended exposure to direct sunlight, exposure to water or high humidity and repeated contact with metal objects such as keys).

16. General

16.1 Nothing in this Agreement will confer on any third party any benefit under, or the right to enforce this Agreement.

16.2 We may assign any of Our rights and obligations under this Agreement to any other person or business, subject to such party continuing the obligations to You herein.

16.3 We may contact You by letter or email, using the contact details You provide on the Corporate Account Platform.

17. Complaints

17.1 The Card program is managed by Cardlife. Should you wish to contact us or complain about any aspect of our service please contact Customer Services.

17.2 If having received a response from our Customer Services Team you are unhappy with the outcome you can escalate your complaint to Transact’s Complaints Department at complaints@transactpaymentslimited.com .

17.3 We will make every effort to reach a resolution to your complaint, if we are unable to resolve your issue to your satisfaction we will explain the reasoning behind our decision.

17.4 In the unlikely event that we are unable to resolve your issue you have the right to refer your complaint to the Gibraltar Financial Services Commission at: Payment Services Team, Financial Services Commission, PO Box 940, Suite 3 Ground Floor, Atlantic Suites, Europort Avenue, Gibraltar or email psdcomplaints@fsc.gi . Details of the Gibraltar Financial Services Commission are available at http://www.fsc.gi/fsc/home.htm .

18. Law, Jurisdiction and Language

This Agreement and any disputes, which arise under it, shall be exclusively governed and construed in accordance with the laws of Gibraltar and subject to the exclusive jurisdiction of the Gibraltar courts.

19. The Card Issuer and the Service Provider of the Card

19.1 Your Card is an electronic money product issued by Transact Payments Limited pursuant to its license from the Card Scheme.

19.2 Cardlife Limited incorporated and registered in England and Wales with company registration number 09913815 and registered office at 71-75 Shelton Street, WC2H 9JQ, London, England, administers and services the Card on Our behalf and is available to give You support if You have any queries or complaints.

20. Compensation

20.1 The Card is an electronic money product and not a deposit or credit or banking product and, as such is not governed by the Deposit Security Scheme of Gibraltar. However, We will safeguard your funds so that they are protected in accordance with applicable law if we become insolvent.