merchant-agreement

26
1. Defi nitions
1.1. Unless the contrary intention appears, the following words have these meanings in
this agreement:
authentication means the process whereby the identity of a cardholder is authenticated by
that cardholder supplying a password in the context of an electronic commerce transaction
‘Authenticate’, ‘authenticated’ and ‘authenticating’ have similar meanings.
authorisation means, in respect of a transaction, our confi rmation that at the time at which
authorisation is given the card number exists and is valid, the card has not been reported
lost or stolen at the time of the sales transaction and that there are suffi cient funds available
in the account being accessed to cover that transaction.
banking day means a day on which we are open for general banking business in Melbourne
Australia except for Saturdays, Sundays and National Public Holidays.
bureau means a third party used by you to transmit information between NAB and you on
your behalf, and includes any payment gateway used by you.
card schemes means:
(a) for the purposes of any transaction conducted online Visa and MasterCard; or
(b) for the remainder of this agreement, Visa, MasterCard, EPAL and China UnionPay.
card scheme rules means the rules and regulations which regulate participants in the
card schemes.
cardholder means:
(a) for the purposes of clauses 5.6 to 5.8 (inclusive) and any other clauses relating to the
authentication procedures, the person in whose name the credit or scheme debit
card (as defi ned for the same purposes), has been issued;
(b) for the remainder of this agreement, the person in whose name the nominated card
has been issued.
certifi ed means that we have notifi ed you in writing that you have the systems capability to
participate in the authentication procedures.
chargeback means a debit entry to your account to reverse a credit previously made to your
account in the circumstances described in clause 9.
chip card means a plastic card containing a computer chip that adheres to the EMV
standards.
commercial card means a card which the card schemes recognise as being issued for
predominantly business or commercial purposes.