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With effect from 14 August 2020, ICBC Singapore Dual Currency Debit Card Agreement (“Debit Card Agreement”) will be amended. Changes to the Debit Card Agreement relates to the revision of our existing Visa payWave facility clauses and to introduce fresh terms governing UnionPay QuickPass facility. A summary of the changes are as follows.
| Definitions |
| Revise definition for “Card Facilities” |
Card Facilities to include UnionPay QuickPass. |
| New definition for “UnionPay QuickPass” |
UnionPay QuickPass means the facility which enables the Cardholder to effect Transactions either by tapping or waving card against UnionPay QuickPass reader without requiring any signature, PIN or other such authentication on your part. |
| Visa payWave facility |
| Revise Clause 20.2 |
You may effect Card Transactions through Visa payWave facility provided that the value of each Card Transaction does not exceed S$100 or such other amount as may be prescribed from time to time without further notice to you (“Visa payWave Transaction Limit”). You may be required to sign on the transaction slip, provide PIN or provide other form of authentication from time to time as we may prescribe for your payment through Visa payWave if it exceeds the Visa payWave Transaction Limit. Please check this with the Merchant before effecting payment exceeding the Visa payWave Transaction Limit. |
| New Clause 20.3 |
You are advised to check the Card Transaction amount carefully before effecting payment through Visa payWave. |
| UnionPay QuickPass facility |
| New Clause 21.1 |
UnionPay QuickPass facility of the Card may be used to carry out Card Transactions at all UnionPay QuickPass point-of-sale terminals and at such other readers or system we may from time to time prescribe (“UnionPay QuickPass Readers”) |
| New Clause 21.2 |
You may effect Card Transactions through UnionPay QuickPass facility provided that the value of each Card Transaction does not exceed S$100 or such other amount as may be prescribed from time to time without further notice to you (“UnionPay QuickPass Transaction Limit”). You may be required to sign on the transaction slip, provide PIN or provide other form of authentication from time to time as we may prescribe for your payment through UnionPay QuickPass if it exceeds the UnionPay QuickPass Transaction Limit. Please check this with the Merchant before effecting payment exceeding the UnionPay QuickPass Transaction Limit. |
| New Clause 21.3 |
You are advised to check the Card Transaction amount carefully before effecting payment through UnionPay QuickPass. |
Customers are advised to visit our website for details or ask for a copy of the new Debit Card Agreement from any of our branches.
Yours Sincerely,
Industrial and Commercial Bank of China Limited, Singapore Branch
14 July 2020
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