Not exact matches
The most common use of an
authorization only is when you check into a hotel and they swipe your
card as an insurance measure if you are going to be clearing out your bill at the end of your stay.
For example, if Customer A and Customer B each have transactional authority on the Account, and
only Customer A signs the Overdraft Protection Service
Authorization and selects Customer A's credit
card as the Source, Overdrafts created by Customer B will be paid by the Service on these Terms and Conditions, and Customer A will be responsible for paying the resulting cash advances on Customer A's credit
card.
Comment: Two commenters asked the following questions regarding the banking provisions of the proposed rule: (1) Does the proposed regulation stipulate that disclosures to banks and financial institutions can occur
only once a patient has presented a check or credit
card to the provider, or pursuant to a standing
authorization?