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DETAILED TERMS AND CONDITIONS:
Definitions:
- ‘Agreement’ means this We Financial Visa Prepaid Card Cardholder Agreement between Peoples Trust Company and the Cardholder and all documents that are expressly referred to herein, which govern your use of the We Financial Visa Prepaid Card.
- ‘Amendment’ refers to any change to a term or condition of this Agreement or to the addition of a new term or condition, including increasing or adding new fees.
- ‘Applicable Law’ means the Trust and Loan Companies Act (Canada), the Personal Information Protection and Electronic Documents Act (Canada), the Act Respecting the Protection of Personal Information in the Private Sector (Québec), the Consumer Protection Act (Québec), the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), Canada’s Anti-Spam Legislation (CASL), PCI DSS or any other statute, regulation or operating rule of any Governmental Authority or any other regulatory authority that Peoples Trust Company, We Financial, and North West are subject to, or any bylaw, operating rule or regulation of Visa.
- ‘ATM’ means an Automated Teller Machine.
- ‘Balance’ means the amount of the funds that are loaded onto the Card and are available for spending.
- ‘Canada’s Anti-Spam Legislation (CASL)’ means an Act to promote the efficiency and adaptability of the Canadian economy by regulating certain activities that discourage reliance on electronic means of carrying out commercial activities, and to amend the Canadian Radio-television and Telecommunications Commission Act, the Competition Act, the Personal Information Protection and Electronic Documents Act and the Telecommunications Act (Canada), and its regulations, as may be amended from time to time.
- ‘Card’ refers to the We Financial Visa Prepaid Card activated, received, signed or used by the Cardholder, including both the Temporary Card and the Personalized Card.
- ‘Cardholder’ means the individual to whom the Card has been issued.
- ‘Foreign exchange charge’ means the foreign exchange service charge of 2.5%.
- ‘Governmental Authority’ means any federal, provincial, territorial, regional, municipal or local governmental authority, quasi-governmental authority (including the Office of the Superintendent of Financial Institutions), government organization, commission, board, professional agency, tribunal, organization, or any regulatory, administrative or other agency, or any political or other subdivision, department, or branch of any of the foregoing, in each case to the extent it has jurisdiction over Peoples Trust Company and/or We Financial, North West or any Person, property, transaction, activity, event or other matter related to this Agreement. The above definition is deemed to include any interim or permanent transferee or successor of a Government Authority’s underlying mandate, function or activity.
- ‘Instant Issuance Replacement’ means a service provided only to existing Cardholders where there is a need for an immediate replacement Card. Upon request, a Temporary Card attached to your existing Card account is issued at any We Financial Location. A Personalized Card will follow by mail.
- ‘Load’ or ‘loading’ means adding or transferring funds to the Card to obtain or increase a Balance.
- ‘North West’ means The North West Company LP.
- ‘PayDirect’ means the loading of funds that you receive from payroll or from a Governmental Authority, automatically on to your Card if you have completed the required enrolment.
- ‘PayDirect Account Number’ means the number that will be given to you by We Financial to allow you to register for PayDirect and/or pre- authorized debits. It includes the Branch Number, Financial Institution Number and your Account Number. It is not the sixteen (16) digit number embossed on the front of your Card.
- ‘PCI DSS’ means a multifaceted security standard defined by Payment Card Industry Security Standards Council and includes requirements for security management, policies, procedures, network architecture, software design and other critical protective measures.
- ‘Person’ means an association, a corporation, an individual, a partnership, a trust, an unincorporated organization or any other entity or organization.
- ‘Personalized Card’ means a We Financial Visa Prepaid Card personalized with your name.
- ‘PIN’ means a Personal Identification Number used with your Card for POS transactions or at ATMs for additional security.
- ‘POS’ means point of sale, where you can use the Card to purchase goods or services from a merchant.
- ‘Temporary Card’ means the instant-issue We Financial Visa Prepaid Card initially issued to you, at a We Financial Location, that is not personalized with your name. You can use this until you receive your Personalized Card.
- ‘Transaction Amount’ is the amount that is debited from the Balance in connection with the Cardholder’s use of the Card to purchase goods or services or to withdraw cash, which includes the amount of the Balance to be transferred, the Card service charges and the taxes imposed to complete the transaction.
- ‘Visa’ means Visa International Incorporated, and its successors and assigns.
- ‘Visa Conversion Rate’ means the rate that we pay to Visa to convert foreign currency to Canadian currency plus the Foreign exchange charge.
