Guide to terms used by prepay card companies

eAccount means the web-based electronic money (e-money) account opened and maintained by us in your name and associated with your prepay card

ATM means an Automated Teller Machine or cash dispenser bearing the MasterCard logo

Card or Cards means any prepaid MasterCard issued and supplied by us from time to time under these terms and conditions, including any renewed or replacement Card

Interest means a charge on a debt owed by you to the card provider

Merchant means a retailer, including an Internet retailer or any other person, firm or corporation that accepts cards which display the MasterCard logo

Cancellation means the rule which lets you close your eAccount and relinquish your Prepay Card

PIN means the Personal Identification Number for use with your Prepay Card

Transaction means any cash withdrawal or payment received or made using your eAccount or Prepay Card

You or your means the named cardholder in whose name an eAccount or prepay card has been opened – the named cardholder is the authorised user of the eAccount and Card.

Website means any website relating to your eAccount and prepay card of which you can login online and order your prepay card. Which enables you to access information relating to your eAccount and Prepay Card.