End Customer Terms and Conditions

Terima kasih telah menggunakan Nium!

Syarat dan Ketentuan Pelanggan Akhir ini (“Ketentuan”) mengatur penggunaan Layanan Nium oleh Anda dan menjelaskan bagaimana Anda serta Penyedia Platform dapat menggunakan Layanan melalui Platform. Penyedia Platform akan menentukan Layanan mana yang dapat ditawarkan kepada Anda oleh Nium melalui Platform. Ketentuan ini merupakan perjanjian hukum antara Anda dan entitas Nium yang berlaku sebagaimana tercantum dalam Lampiran B (“Nium”, “kami”, “milik kami”, atau “kami”), sebagaimana dijelaskan lebih lanjut di bawah ini.

Ketentuan ini berlaku untuk penggunaan sebagian atau seluruh Layanan oleh Anda, baik Anda merupakan konsumen perorangan, Organisasi, maupun perusahaan perseorangan (“Anda” dan “Pelanggan”). Dengan ini Anda menerima Ketentuan ini dengan mengajukan permohonan Layanan melalui Platform. Dalam Ketentuan ini, Pelanggan dan Perwakilannya secara kolektif disebut sebagai “Anda” atau “milik Anda”.

Ketentuan ini terdiri dari komponen-komponen berikut:

1. Pendahuluan ini;
2. Ketentuan Umum;
3. Definisi yang tercantum dalam Lampiran A;
4. Syarat dan Ketentuan Tambahan Yurisdiksi Internasional yang tercantum dalam Lampiran B;
5. Syarat dan Ketentuan Layanan Pembayaran Masuk dan Keluar;
6. Syarat dan Ketentuan Kartu Korporat;
7. Syarat dan Ketentuan Kartu Penggajian;
8. Syarat dan Ketentuan Verifikasi;
9. Syarat dan Ketentuan Kartu Berbasis Stablecoin; dan
10. Setiap perjanjian atau dokumen lain yang secara tegas dirujuk dalam Ketentuan ini.

Ketentuan Umum

1. Umum.

1. Definisi. Istilah dengan huruf kapital dalam Ketentuan ini yang tidak didefinisikan secara langsung didefinisikan dalam Lampiran A.
2. Penafsiran. Dalam penafsiran Ketentuan ini, ketentuan berikut berlaku kecuali jika konteksnya menentukan lain:
   
   1. judul dicantumkan hanya untuk kemudahan dan tidak memengaruhi penafsiran Ketentuan ini.
   2. referensi dalam Ketentuan ini terhadap hukum, undang-undang, atau ketentuan legislatif apa pun mencakup setiap modifikasi, perubahan, atau pemberlakuan kembali menurut undang-undang, serta peraturan perundang-undangan atau regulasi bawahan yang diterbitkan berdasarkan undang-undang atau ketentuan legislatif tersebut.
   3. referensi terhadap bagian, bab, lampiran, atau dokumen tambahan adalah referensi terhadap bagian, bab, lampiran, atau dokumen tambahan dari atau pada Ketentuan ini.
   4. kata yang menunjukkan bentuk tunggal mencakup bentuk jamak, kata yang menunjukkan bentuk jamak mencakup bentuk tunggal, dan referensi terhadap gender apa pun mencakup gender lainnya.
   5. kecuali jika konteksnya menentukan lain, referensi dalam Ketentuan ini terhadap “orang” dianggap mencakup orang perseorangan, korporasi, perusahaan, firma, persekutuan, persekutuan terbatas, perseroan terbatas, atau persekutuan terbatas, atau organisasi serupa lainnya.
   6. referensi ke kata ‘termasuk’ harus ditafsirkan tanpa batasan.
   7. jika terjadi ketidakkonsistenan antara Ketentuan ini dan Jadwal atau Lampiran apa pun, ketentuan dalam Jadwal atau Lampiran tersebut akan berlaku sejauh ketidakkonsistenan tersebut terjadi.
3. Keutamaan Ketentuan. Jika terdapat ketentuan dalam komponen mana pun dari Ketentuan ini yang bertentangan, maka kecuali ketentuan dengan prioritas lebih rendah secara tegas menyatakan sebaliknya, urutan prioritasnya adalah: (1) Syarat dan Ketentuan Tambahan Wilayah Hukum Internasional (Lampiran B); (2) Syarat dan Ketentuan Layanan Pay In dan Payout, Syarat dan Ketentuan Kartu Korporat, Syarat dan Ketentuan Kartu Penggajian, dan Syarat dan Ketentuan Verifikasi; (3) Ketentuan Umum ini.
4. Harap baca Ketentuan ini dengan saksama. Ketentuan ini menetapkan syarat dan ketentuan di mana Nium menyediakan Layanan kepada Anda, kewajiban Anda sehubungan dengan Layanan, cara Anda harus menggunakan Layanan, dan informasi penting lainnya. Ketentuan ini juga memberi tahu Anda apa yang harus dilakukan jika terjadi masalah, apa tanggung jawab Nium, dan bagaimana Ketentuan ini dapat diakhiri. Nium menyarankan agar Anda menyimpan salinan Ketentuan ini.
5. Pembaruan Ketentuan ini. Nium dapat mengubah Ketentuan ini dari waktu ke waktu dengan memberi tahu Pelanggan (termasuk melalui Penyedia Platform). Nium akan memberikan pemberitahuan sebelumnya mengenai perubahan apa pun sebagaimana diwajibkan oleh Hukum yang Berlaku. Ketentuan yang telah diubah akan mulai berlaku pada tanggal yang ditentukan dalam pemberitahuan. Jika Pelanggan tidak setuju dengan Ketentuan yang telah diubah, Pelanggan dapat memberi tahu Penyedia Platform atau Nium secara langsung bahwa mereka menolak perubahan yang diusulkan sebelum perubahan tersebut berlaku. Penolakan Pelanggan akan dianggap sebagai pemberitahuan niatnya untuk mengakhiri Ketentuan ini dan menghentikan penggunaan Layanan.
6. Ketentuan ini mengikat Pelanggan dan setiap Perwakilannya. Jika Pelanggan memberikan akses dan penggunaan Layanan kepada Perwakilan, Pelanggan harus memastikan bahwa setiap Perwakilannya mematuhi Ketentuan ini. Pelanggan bertanggung jawab atas penggunaan Layanan oleh setiap Perwakilannya (tunduk pada Bagian 1(g)).
7. Otoritas Perwakilan untuk bertindak atas nama Pelanggan. Jika Anda mengajukan permohonan atau menggunakan Layanan sebagai Perwakilan, Anda mengonfirmasi bahwa Anda memiliki otoritas yang tepat untuk menggunakan Layanan dan mengadakan perjanjian dengan kami atas nama Pelanggan berdasarkan Ketentuan ini. Kami mungkin meminta Anda untuk memberikan informasi atau dokumentasi tambahan yang menunjukkan otoritas Anda untuk menyetujui Ketentuan ini atas nama Pelanggan.
8. Penyedia Layanan. Layanan disediakan oleh entitas Nium yang relevan dari Wilayah Hukum Berlisensinya. Kami tidak bermaksud untuk meminta, menargetkan, atau memasarkan Layanan kepada Anda atau pihak ketiga mana pun di luar Wilayah Hukum Berlisensi kami.
9. Penyedia Platform. Penggunaan Layanan oleh Anda difasilitasi oleh platform daring atau aplikasi perangkat lunak seluler (“Platform”) yang dikembangkan dan dioperasikan sepenuhnya oleh pihak ketiga yang sistemnya terintegrasi dengan kami (“Penyedia Platform”). Akses dan penggunaan Platform oleh Anda tunduk pada syarat dan ketentuan terpisah yang mengatur Layanan Platform.
10. Batasan Otoritas Penyedia Platform. Kecuali kami memberitahu Anda secara tertulis, Penyedia Platform tidak (i) memiliki lisensi untuk menyediakan layanan pembayaran maupun berwenang untuk bertindak atau melaksanakan instruksi apa pun atas nama kami sehubungan dengan Layanan, maupun (ii) berwenang untuk mengumpulkan atau menerima dana atas nama kami. Penyedia Platform hanya memfasilitasi transmisi informasi, komunikasi, dan instruksi kepada kami atas nama Anda sehubungan dengan Layanan. Meskipun terdapat batasan ini, Penyedia Platform dapat membuat, menampilkan, atau mengirimkan kepada Anda alamat deposit blockchain atau instruksi pembayaran terkait atas nama kami sehubungan dengan Layanan Stablecoin Pay In, dan tindakan tersebut tidak dianggap sebagai tindakan Penyedia Platform dalam mengumpulkan atau menerima dana atas nama kami, selama Penyedia Platform tidak mengambil alih hak asuh atau kendali atas Aset Digital atau dana lain yang diwakili oleh alamat deposit blockchain tersebut kapan pun.
11. Dana yang disediakan melalui Penyedia Platform. Jika Anda memilih untuk memberikan dana kepada kami melalui Penyedia Platform untuk tujuan Layanan apa pun, Anda mengonfirmasi bahwa Anda telah memberikan persetujuan dan otorisasi kepada Penyedia Platform untuk menerima dan memberikan dana kepada kami atas nama Anda. Kami tidak memiliki tanggung jawab atau kewajiban kepada Anda sehubungan dengan dana apa pun yang diberikan kepada kami melalui Penyedia Platform kecuali dan sampai kami menerima Dana yang Telah Dikliring dari Penyedia Platform.
12. Layanan ini hanya untuk penggunaan bisnis. Kecuali ditentukan lain dalam ketentuan produk dan layanan yang berlaku:
    1. Anda hanya boleh menggunakan Layanan untuk tujuan bisnis dan hanya sebagaimana diizinkan oleh Pelanggan; dan
    2. Anda tidak boleh menggunakan Layanan untuk tujuan pribadi, keluarga, atau rumah tangga.
13. Pemberitahuan Berbagi Data dan Privasi. Kami akan mengumpulkan beberapa data pribadi tentang Anda sebagai pengguna Layanan. Untuk informasi mengenai bagaimana kami memproses data pribadi, silakan lihat Pemberitahuan Privasi Global kami di www.nium.com/privacy/privacy-policy. Anda menyetujui pengumpulan, penggunaan, pengungkapan, dan pembagian data pribadi Anda oleh Nium dan, jika berlaku, data pribadi Pengguna Kartu (termasuk informasi identitas, data transaksi kartu, dan informasi KYC/AML) dengan Penyedia Platform untuk tujuan yang ditetapkan dalam ketentuan Kebijakan Privasi serta untuk tujuan pengoperasian produk kartu kami, pemrosesan transaksi, pengelolaan Saldo Tersedia dan/atau Saldo SBC Tersedia, pemenuhan kewajiban AML/CFT, dan penyelesaian keluhan. Nium dan Penyedia Platform masing-masing merupakan pengendali data independen sehubungan dengan data pribadi dalam penguasaan mereka. Jika Anda adalah Pemegang Kartu korporat dan memberikan data pribadi pihak ketiga mana pun (termasuk Pengguna Kartu), Anda menjamin bahwa Anda telah memperoleh semua persetujuan yang diperlukan dari pihak ketiga tersebut (termasuk Pengguna Kartu) untuk pemrosesan data pribadi mereka oleh Nium dan Penyedia Platform sebagaimana dijelaskan di atas. Data dapat ditransfer ke luar Singapura; perlindungan yang memadai akan diterapkan sesuai dengan Hukum yang Berlaku.

2. Platform; Layanan Kami.

1. Penyedia Platform adalah titik kontak utama Anda. Jika Anda memiliki pertanyaan atau masalah terkait Layanan, Anda harus terlebih dahulu menyampaikan pertanyaan Anda kepada Penyedia Platform, melalui sarana yang disediakan oleh Penyedia Platform untuk Anda (misalnya email, obrolan di dalam Platform, atau telepon).
2. Otorisasi diberikan kepada Penyedia Platform. Dengan mengajukan permohonan Layanan, Anda mengonfirmasi bahwa Anda telah memberikan otorisasi dan persetujuan kepada Penyedia Platform untuk melakukan hal-hal berikut:
   
   1. collect and pass on to us all information, communications and instructions submitted by you, and any payments or other transaction instructions in connection with the Services. This includes information, communications and instructions submitted by any means accepted by the Platform Provider, for example in-Platform chat, telephone or email. We will rely on and will be entitled to act on any such information, communications and instructions received by us from the Platform Provider, as if the information, communications and instructions were given to us directly by you. Please note that we are not required to check the accuracy of any such information, communications and/or instructions;
   2. receive all information, communications, and instructions provided by us in connection with the Services. We are entitled to rely on the Platform Provider to transmit such information, communications and instructions. We are not required to confirm that such information, communications or instructions have been transmitted to you. We will not be liable to you for any Losses caused to you if the Platform Provider subsequently fails to communicate or delays communicating such information, communications or instructions to you; and
   3. access, manage or deal with any account you maintain with us or use any information (whether received from us or not) in relation to such account, in such manner as mutually agreed between you and the Platform Provider. We are not responsible to you for any Losses suffered by you as a result of the Platform Provider performing such activities on your behalf.

1. The authorization and consent in this Section 2(b) remain valid and binding on you for as long as you continue to use the Services.

3. We may screen instructions received from you. We have the right to screen any instructions received in respect of the Services. We may refuse to act on any instructions or requests received from you which we believe (i) may violate these Terms or any other agreement you may have with us; (ii) is unauthorized, fraudulent or illegal; or (iii) exposes, or is likely to expose, Nium, you or others to unacceptable risk. Except to the extent restricted by applicable law or contract, we will inform the Platform Provider of the reasons why we are unable to act on your instructions or requests.
4. Monitor your use of the Services and keep your own records. The Platform Provider will provide you with records of transactions processed by us pursuant to the Services, via the Platform or by other means. You should monitor and keep a record of all of your transactions. This will allow you to verify whether the transaction reports are accurate and enable you to inform the Platform Provider if you notice any errors. You are responsible for checking the completeness and accuracy of all information, communications and instructions. Failure to provide complete information may cause delays, for example, we may be unable to process your instructions. If you notice any error in any information, communication or instruction provided to us via the Platform Provider, you must correct it as soon as possible via the Platform or by contacting the Platform Provider. We will not be responsible, and will not compensate you, if you suffer any Losses as a result of incomplete or inaccurate information provided to us (whether directly by you or via the Platform Provider), or as a result of any delays caused by any errors, inaccuracies or late submissions of any instructions or requests. While you are responsible for monitoring your transactions and reporting any errors, the Platform Provider will take reasonable steps to ensure the accuracy of the records displayed or communicated to you by the Platform. We will not be responsible, and will not compensate you, if you suffer any Losses as a result of incomplete or inaccurate information provided to us (whether directly by you or via the Platform Provider), or as a result of any delays caused by any errors, inaccuracies, or late submissions of any instructions or requests, except where such errors or inaccuracies are due to our failure to maintain accurate records or provide reasonable assistance in error resolution. Where you have been notified by the Platform Provider to do so, you should also enable the Platform to send you notifications of all transactions involving the Services.

3. Eligibility.

1. We will carry out customer identification and verification checks. We are required by law to carry out certain checks on all customers before we agree to provide Services. We may ask you to provide us with certain information and documentation to enable us to carry out our checks, for example to verify your identity, details of the Customer you represent and its financial standing, and we may need to ask third party service providers (for example credit reference agencies) to verify certain information about you. All information provided by you must be accurate in all respects and you shall not omit or withhold any information which would make such information inaccurate in any respect. Failure to comply with our requests for information or documentation may result in the denial of your application for the Services or suspension or termination of the Services. You warrant that all onboarding information is accurate and up to date and must notify us promptly of any material change.
2. We will have the right to refuse any application. We have the right to refuse any application for any Services at any time for any reason and without providing any reason for our refusal.

4. Using the Services.

1. Only a Representative of the Customer is allowed to use the Services. The Customer will ensure that only its Representatives are allowed to access and use any Services. If the Customer grants its Representative access and use of the Services, the Customer must, upon our request, provide satisfactory proof to establish that such person is a Representative of the Customer and is authorized to act on behalf of the Customer.
2. You must keep your security credentials safe. You must ensure that: (i) any payment instrument (including any account or payment card) issued by us in connection with the Services is kept safe from loss or theft; (ii) any security credentials used to authenticate any transactions in connection with the Services are known only to you; and (iii) the Platform can only be accessed by you and all devices used by you to access the Platform are appropriately protected from access by any unauthorized persons. We recommend not writing down or storing any security credentials, or any login details to the Platform. However, if you have to store such details somewhere, you should use secure and safe storage solutions. Revealing any security credentials to anyone, or behaving carelessly with regards to the security of any payment instrument (including any account or payment card) issued by us in connection with any Services may result in unauthorized transactions being processed. In circumstances of fraud, acting intentionally or with gross negligence we will not refund any amounts lost by you as a result of such unauthorized transactions and you will be solely responsible for them.
3. The Customer is solely responsible for all acts and omissions of its Representatives. The Customer is solely responsible for all acts and omissions of its Representatives, whether or not authorized by the Customer. We are under no obligation to check the authenticity or accuracy of any instructions or data received, or purportedly received, from a Representative. We will not be liable for any Losses incurred or suffered by the Customer or any person as a result of acting on an instruction, information or communication, received, or purportedly received, from a Representative.
4. Keeping us updated. It is very important to keep us updated about any changes to the information provided as part of your application for the Services and any information and documentation submitted to us. This includes information about any sanctions applicable to you, or any other circumstances which would make your use of the Services illegal. You must inform us promptly about any changes to your circumstances affecting your eligibility for the Services and/or your ability to comply with these Terms.
5. Customer’s responsibility to inform Platform Provider or us of any change in its Representatives. You are solely responsible for notifying the Platform Provider or, if you are unable to notify the Platform Provider, us, of any change in your Representatives or any information relating to a Representative. We are entitled to rely upon the instructions, information or communications provided by a Representative until such time that we have been notified of a change in writing, and we have had a reasonable time to act upon the notification.

5. Fees.

1. Fees that apply to your use of the Services. Our fees that apply to your use of the Services will be displayed on the Platform or otherwise communicated to you by the Platform Provider and are incorporated in and form part of these Terms. If you have not received details of our fees from the Platform Provider, you must promptly notify us and we will provide them to you directly. You acknowledge and agree that our fees with respect to the Services are subject to change, from time to time. Any such changes to our fees will be notified to you (including via the Platform Provider) prior to them taking effect.
2. Payment of fees. You agree that all fees that apply to the Services and any other amounts due to us from you under these Terms will be deducted by us from (i) your Nium Account; or (ii) funds provided to us as financial assurance for your obligations under these Terms. If there are insufficient funds to cover any sums due by you to us, we will issue a payment request, and you must make the payment immediately.
3. You may pay fees through the Platform Provider. If you pay our fees through the Platform Provider, you hereby consent and instruct us to invoice all fees that apply to the Services and any other amount due to us under these Terms to the Platform Provider, and to receive all fees and any other amount due to us under these Terms from the Platform Provider. If the Platform Provider fails to make payment to us within the due date stated in the invoice, we will deduct all outstanding fees in accordance with Section 5(b) above.
4. Platform Service and Third-Party Fees. If you pay fees through us in connection with the Platform Service and any other third party services provided on the Platform, you represent and agree that you have provided your authorization and consent to the Platform Provider to instruct us and that you have provided your authorization and consent to us to deduct any Third-Party Fees from (i) your Nium Account, or (ii) funds provided to us as credit support for your obligations under these Terms. Any dispute or Losses suffered by you that arise in connection with any Third-Party Fees are solely between you and the Platform Provider.

6. Nium Account.

1. Setting up the Nium Account. We may issue you one or more primary account(s) once you have satisfied all eligibility criteria to be onboarded as our customer. Each primary account facilitates the use of Services, such as holding your Available Balance in a Supported Currency. You may also create any number of sub-accounts linked to the primary account. Each sub-account may be denominated in a Supported Currency and has the same functions as the applicable related primary account. Each primary account and its sub-accounts are collectively referred to as the “Nium Account”.
2. Our right to refuse to issue the Nium Account. We may refuse to issue any Nium Account to you at our sole discretion. Except to the extent restricted by applicable law or contract, we will inform the Platform Provider of the reasons why we are unable to issue the Nium Account.

7. Supplemental Products and Services

1. Direct Debit Services. If you have been notified by the Platform Provider that Direct Debit functionality has been made available to you by us, you may enable and use such function via the Platform in accordance with this Section 7(a) and the Direct Debit Terms.
2. FX Forward Services. If you have been notified by the Platform Provider that the FX Forward Services has been made available to you by us, you may use such functionality via the Platform in accordance with this Section7(b) and the FX Forward Services Terms.

8. Third Party Services Offered by the Platform.  

Other than the Services, we are not responsible for any other products or services offered by the Platform Provider as part of their Platform Services. The Platform Services and any other services or products, including any links to third party apps or websites, are provided solely by the Platform Provider without our involvement, endorsement or recommendation and we have no liability to you arising out of your use of such third-party services.

9. Unauthorized Transactions.

1. You must notify the Platform Provider of unauthorized transactions or inaccurate records. Unless stated otherwise in these Terms, you must notify the Platform Provider no later than 60 days from the date of transaction or any longer minimum period prescribed by applicable laws (“Notification Deadline”) of any transaction that has not been authorized by you or any unauthorized transaction that has been applied to your Nium Account. If notification is not provided by the Notification Deadline, you will be deemed to have agreed to the applicable transaction.
2. When you must suspend your Services and notify the Platform Provider or us. You must suspend your use of the Services within the Platform and notify the Platform Provider immediately if: (i) you believe the security of any payment instrument (including any account or payment card) issued by us in connection with any Service has been compromised (for example, if an unauthorized person has gained access to any security credentials and/or the Platform); (ii) any payment instrument (including any account or payment card) issued by us in connection with any Service is not working properly; and/or (iii) you have identified an unauthorized transaction made using any payment instrument (including any account or card) issued by us in connection with any Service. You may be asked to provide details of the issues reported by you, and any supporting documentation, such as a copy of a police report, to confirm the theft of your Nium Account. If you have not suspended your Nium Account through the Platform, we will suspend it after receipt of notification from the Platform Provider and successful verification of your identity.
3. We may investigate unauthorized and incorrectly executed transactions. We will treat any payment instruction given via the Platform or Platform Provider as evidence of authorization of the payment by you and in this case, you will need to provide us with evidence to show that the transaction was not authorized in accordance with these Terms. We will have the right to investigate any transaction reported by you as unauthorized or incorrectly executed. We may ask you to provide us with supporting information and documentation to help us with our investigation and you agree to cooperate with us and provide us with all information and documentation we reasonably require for this purpose. You also agree to cooperate with any authorities involved in our investigation.
4. Liability for unauthorized transactions.
   1. We will not be liable for any unauthorized transaction that has resulted from (A) your Nium Account or any payment card being misappropriated or the security of your Nium Account or any payment card otherwise being compromised, except to the extent that such misappropriation or compromise is caused by a security breach of the Services or our technology platform not caused by your acts or omissions, (B) your failure to use the Services in accordance with these Terms or (C) your fraudulent acts or omissions;
   2. We will not be liable for any unauthorized transaction that has been notified to Nium after the applicable Notification Deadline;
   3. We will not be liable for any unauthorized transaction (other than a transaction that was incorrectly executed by us in accordance with a valid instruction provided by you) that occurred prior to us being notified by you that one or more unauthorized transactions have been recorded to your Nium Account. Once the underlying issue (for example a compromise of your security credentials) causing the unauthorized transaction(s) has been resolved and we have advised you that you may resume using the Services, we will not be liable for any future unauthorized transactions unless and until you have notified Nium of the occurrence of additional unauthorized transaction(s) in accordance with this Section 9(d).
   4. Reversal of refunds. If we refund you for a transaction that you reported as an unauthorized transaction and we subsequently determine that such transaction was authorized by you or we were not otherwise liable to refund you for such transaction in accordance with Section 9(d) above, we will deduct the amount refunded to you from (i) your Nium Account, or (ii) funds provided to us as financial assurance for your obligations under these Terms. If sufficient funds are not available in your Nium Account or otherwise available to us to reverse the applicable refund, you shall immediately transfer such amount to us upon our request.

5. Set-off. We may at any time set off any claim you have against us against any claim that we have against you. We may do so in respect of any amount that is (i) present or future, (ii) due or payable or not yet due or payable, (iii) conditional or unconditional and (iv) whether or not either claim arises under these Terms. If the liabilities to be set off are expressed in different currencies, we may convert either liability at a market rate of exchange for the purpose of set-off. Our right to set off includes, but is not limited to, setting off any amount you owe to us against any amount collected or held on your behalf. If we make use of our set-off right in accordance with this clause, we will inform you in advance or otherwise as soon as possible thereafter.

10. Confidentiality.  

We shall only use your Confidential Information or data as permitted by these Terms, or as otherwise directed or authorized by you. You agree to protect all Nium Confidential Information you receive through the Services, and you may not disclose or distribute any such Confidential Information except as permitted by these Terms.

11. Intellectual Property.

1. Our Ownership. We reserve all right, title and interest in and to the Services, our technology and systems used to provide the Services ("Nium Technology"), and all other Intellectual Property Rights of Nium, including all improvements thereto. Other than the limited licence granted under Section 11(b), you do not acquire any rights, title or interest, express or implied, in or to the Services, the Nium Technology, or any other Intellectual Property Rights of Nium.
2. Your Licence to Use the Services. Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, non-sublicensable licence to access and use the Services via the Platform solely for your internal business purposes during the term of these Terms. Except as expressly permitted by applicable laws, you must not: (i) work around any technical limitations of the Services or enable any functionality that is disabled or prohibited; (ii) reverse engineer or attempt to reverse engineer the Services or the Nium Technology; or (iii) perform or attempt to perform any actions that interfere with the normal operation of the Services or that affect the use of the Services by our other customers.
3. Nium Marks. You must not use Nium's name, logos, trademarks, service marks, trade names or other Intellectual Property Rights ("Nium Marks") in any advertising, promotional materials, public-facing communications or other materials without our prior written consent. Any use of the Nium Marks permitted by us must be in accordance with any guidelines we provide from time to time. You must promptly withdraw and cease use of any Nium Marks when requested to do so by us or by the Platform Provider. Upon termination of these Terms in accordance with Section 12 or Section 13 below, you must promptly destroy or return to us all materials in your possession that include any reference to Nium, the Nium Marks or the Services.

12. Your Rights to Terminate the Services.  

You may terminate the Services, in whole or in part, at any time by notifying the Platform Provider. You may also suspend or terminate any Representative’s ability to access or use the Services, in whole or in part, by notifying the Platform Provider.

13. Our Rights to Suspend or Terminate the Services.

1. We can suspend or terminate the Services. We can suspend or terminate the Services immediately, in whole or in part, at any time, for any reason, including (but not limited to) the following circumstances:
   
   1. if we have reason to suspect that you are behaving fraudulently, you are involved in any unlawful or illegal activity (for example money laundering or terrorist financing), or you are using the Services for any other unlawful purpose;
   2. if you materially breach any of these Terms and you have not corrected your breach within the timeframe we requested;
   3. our agreement with the Platform Provider has been suspended or terminated or your access to the Platform is suspended or terminated by the Platform Provider;
   4. if we have asked you to pay us money you owe us under these Terms and you have failed to do so;
   5. you are subject to a petition for bankruptcy (or any other proceeding relating to insolvency, receivership, liquidation or assignment for the benefit of creditors), you suspend your business, or we reasonably believe you will be unable to meet your obligations under these Terms;
   6. if any information provided by you (or someone on your behalf) is false, or if you fail to provide us with information that we reasonably request from you;
   7. if we have good reason to believe this is necessary for security reasons (for example any security issues affecting the Platform Provider);
   8. the results of any “know your customer” or other similar checks or screenings under applicable laws or regulations conducted on you are unsatisfactory or if we determine that continuing any Services could cause reputational, regulatory, financial or operational harm to us; or
   9. if we believe it is necessary to comply with any law, regulation, guidance, court order or instructions of any regulator or government authority.
2. We will notify the Platform Provider of the reasons for the suspension or termination. Except to the extent restricted by applicable law or contract, if we suspend or terminate any Services, we will notify the Platform Provider of the reason. We will only re-activate the Services if we are satisfied that the reason for suspension is no longer applicable.

14. Liability.

1. DAMAGES WAIVER.
   1. In no event will we have any liability arising out of or related to these Terms or the Services for any lost profits, revenues, goodwill, or indirect, special, incidental, consequential, cover, business interruption or punitive damages, whether an action is in contract or tort and regardless of the theory of liability, even if you or we have been advised of the possibility of such damages or if your remedy otherwise fails of its essential purpose.  
   2. In no event will we have any liability for any losses caused by the Platform, the Platform Provider or the Platform Services.
   3. In no event will we have any liability for any losses caused by any goods or services purchased or sold using any Services.
2. Our liability for deductions made by us in error. If we make any deductions from (i) your Nium Account, or (ii) funds provided to us as financial assurance for your obligations under these Terms in error, our liability to you will be limited to an obligation to refund to you the incorrectly deducted amount.
3. Your indemnity to us. You will, to the fullest extent permitted by applicable laws, indemnify, defend and hold harmless each Nium Party from and against all Losses incurred in connection with any Claim brought against it by a third party arising out of, related to, or in connection with:
   
   1. your use of or access to the Services;
   2. your material breach of these Terms;
   3. your noncompliance with applicable laws;
   4. your gross negligence or intentional misconduct; or
   5. any request, instruction or information you give us.
4. You will remain liable even after these Terms are terminated.

4. Time limit to bring claims. You must notify us of your intention to make a Claim against us within 12 months from the date of the event giving rise to your Claim (or such longer minimum period prescribed by applicable laws). If you fail to notify us within this time period, we will have no liability to you in respect of such event.
5. Liability which we do not exclude or limit. Nothing in these terms excludes or limits our liability for any death or personal injury caused by our gross negligence, liability for fraud or fraudulent misrepresentation, or any other liability that applicable law does not allow us to exclude or limit.
6. DISCLAIMER OF WARRANTIES FOR SERVICES. The Services are provided “AS IS”. Except as otherwise expressly provided under these Terms, we make no representations or warranties of any kind, whether express, implied, statutory or otherwise regarding the Services, including any warranty that the Services will be uninterrupted, error free or free of harmful components, or that any data or information, including your Confidential Information or data, will be secure or not otherwise lost or damaged. You acknowledge that we do not control or monitor the transfer of data over the internet, and that internet accessibility carries with it the risk that your privacy, Confidential Information and property may be lost or compromised. Except to the extent prohibited by applicable laws, we disclaim all warranties, including any implied warranties of merchantability, title, fitness for a particular purpose, non-infringement and any warranties arising from a course of dealing, usage or trade practice.
7. LIABILITY CAP.  In no event shall the aggregate liability of Nium, its affiliates, and its or their representatives, arising out of or related to these Terms and the Services, exceed the lesser of (i) the total fees paid by you for the Services for the preceding twelve (12) months from the date giving rise to such Claim (or, if such event occurs within the first twelve (12) months after the effective date, the average monthly fees you paid for the Services during the term multiplied by twelve (12)), or (ii) USD 100,000; provided, however, that this limitation of liability shall not apply to (i) the obligations of Nium to repay your Net Available Balance in accordance with these Terms or (ii) any act of willful misconduct or fraud by Nium. The foregoing limitation will apply whether an action is in contract or tort and regardless of the theory of liability.
8. Acknowledgment. Each of you and us acknowledge and agree that the damages waiver and liability cap in this Section 14 is reasonable having regard to all relevant factors, including the nature and cost of the Services provided and the allocation of risk and liability between the parties.

15. How to Submit Complaints.

If you are unhappy with the Services, you should submit your complaints to the Platform Provider. The Platform Provider will communicate your complaint to us. If the complaint is not resolved to your satisfaction, you can contact us and we will do our best to respond to your complaint as soon as possible, or we will inform you if we need more time or more information from you to help us investigate your complaint. Please refer to Appendix B for our contact details.

16. Multiple Nium Entities Providing Services.

1. Multiple entities of Nium and Services. Where there is more than one Nium entity providing Services under these Terms, each Nium entity:
   
   1. makes available its own Services as an independent contractor and not as a partner or jointly with another Nium entity, and shall not be liable for the Services provided by any other Nium entity, whether jointly or severally; and
   2. shall not require the consent, agreement or participation of any other Nium entity to (A) vary the terms or its rights or obligations under these Terms or its own Services; or (B) exercise or enforce its rights under these Terms or the relevant Services.
2. Any Nium entity may suspend or terminate any Services, in whole or in part, in accordance with these Terms. Any suspension or termination shall affect only such portion of these Terms related to the Services under suspension or termination, and shall not suspend, terminate, affect, impair, invalidate or render unenforceable any other provisions in these Terms in connection with any other Services.

17. Miscellaneous.

1. Transfer of rights and obligations under these Terms. You are not allowed to transfer your rights or obligations under these Terms to anyone without our prior written consent. We may transfer our rights and obligations under these Terms to another business without your consent, but we will notify the Platform Provider of such transfer. We may subcontract our obligations under these Terms to third parties.
2. Force Majeure. We will not be liable for any delay or failure to perform under these Terms due to circumstances beyond our reasonable control, including acts of God, acts of government, flood, fire, earthquakes, civil unrest, pandemics, epidemics, quarantines, acts of terror, strikes or other labor problems, regional shortage of adequate power or telecommunications or transportation, internet or other service disruptions involving hardware, software or power systems not within our possession or reasonable control, and denial of service or other cyber-attacks.
3. Invalid provisions. If any provision of these Terms (or part of any provision) is or becomes illegal, invalid or unenforceable, the legality, validity and enforceability of any other provision of these Terms will not be affected.
4. Entire agreement. These Terms set out the entire agreement between us and supersede all prior agreements and understandings, whether written or oral.  Failure to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. The parties intend these Terms to be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.
5. No one else has any rights under these Terms. Except for the Nium Party, these Terms are between you and us and no one else has any rights to rely on or enforce any of these Terms.
6. Notices and communications. All notices and communications between you and us will be in English or in languages as required by Applicable Laws. If we need to notify you of anything, we will normally communicate with you through the Platform Provider. We may also use your email address or business address to send you any notifications or communications. You should send all notices or communications via Platform or contact the Platform Provider in the first instance. If you need to send a notice or communication to us directly, you can do so by email at  customer.success@nium or via our website at https://www.nium.com/contact-us. 
7. Laws that apply to these Terms; choice of venue. These Terms and any dispute or claim arising out of these Terms will be governed by, and interpreted in accordance with, the laws of the applicable country or state specified in Appendix B without reference to the conflicts of laws principles thereof. You agree that any dispute between you and us will be exclusively brought in the courts of the applicable country or state specified in Appendix B.
8. Specific Jurisdictions. Please refer to Appendix B for certain jurisdiction-specific terms and conditions.

APPENDIX A

DEFINITIONS

The following capitalized terms in the Terms shall have the following definitions:

LAMPIRAN B

SYARAT DAN KETENTUAN TAMBAHAN YURISDIKSI INTERNASIONAL

Tabel di bawah ini merinci untuk setiap yurisdiksi yang berlaku di mana Layanan disediakan: entitas Nium yang menyediakan Layanan; hukum yang mengatur Ketentuan ini; tempat di mana sengketa dapat diajukan; metode khusus untuk mengajukan keluhan; dan Batas Waktu Pemberitahuan Kesalahan.

Lampiran B-1 hingga B-8 berisi syarat dan ketentuan tambahan yang berlaku sejauh Layanan disediakan di yurisdiksi yang ditentukan dalam lampiran tersebut.

AUSTRALIA

Syarat dan ketentuan tambahan dalam Lampiran B-1 ini berlaku untuk Layanan yang disediakan oleh Nium AU di Australia.

1. Penyedia Platform sebagai Perwakilan Resmi atau Agen. Penggunaan Layanan oleh Anda didukung oleh Penyedia Platform, yang bertindak sebagai perwakilan resmi Nium AU (“Perwakilan Resmi”) atau agen (“Agen”) berdasarkan Corporations Act 2001 (Cth), sebagaimana mestinya. Penyedia Platform diizinkan untuk menyediakan layanan keuangan berikut atas nama Nium AU sehubungan dengan Layanan AU saja:
   
   1. memberikan saran produk keuangan umum untuk produk pembayaran non-tunai kepada klien ritel dan grosir;
   2. melakukan transaksi produk pembayaran non-tunai dengan menerbitkan, mengajukan, memperoleh, mengubah, atau melepaskan produk pembayaran non-tunai kepada klien ritel dan grosir; dan
   3. melakukan transaksi produk pembayaran non-tunai dengan mengajukan, memperoleh, mengubah, atau melepaskan produk pembayaran non-tunai atas nama orang lain kepada klien ritel dan grosir.

Penyedia Platform berwenang untuk menyediakan Layanan AU atas nama Nium AU sesuai dengan otorisasi Nium AU, atau Lisensi AFS Agen, sebagaimana mestinya. Dalam kasus terakhir, setiap saran produk keuangan yang diberikan oleh Agen sehubungan dengan Layanan AU semata-mata diberikan oleh Agen dalam kapasitasnya sendiri dan bukan atas nama Nium AU.

Silakan merujuk pada pernyataan pengungkapan produk sehubungan dengan Layanan AU untuk perincian lebih lanjut mengenai Penyedia Platform.

2. Sifat Saldo Tersedia; Jaminan Bank.

1. Sifat Saldo Tersedia. Ketika kami menerima dana yang dikreditkan ke Saldo Tersedia, Anda memperoleh kepentingan dalam (atau peningkatan kepentingan dalam) produk pembayaran non-tunai (yaitu Akun Nium). Oleh karena itu, dana tersebut bukanlah uang yang tunduk pada perlindungan uang klien dalam Corporations Act 2001 (Cth).
2. Jaminan Bank. Saldo Tersedia didukung oleh jaminan bank (“Jaminan Bank”). Jaminan Bank diterbitkan oleh lembaga penerima simpanan resmi Australia (“Penerbit”) untuk kepentingan Global Loan Agency Services Australia Nominees Pty Ltd (“Wali Amanat” atau “GLAS”) yang memegang manfaat Jaminan Bank tersebut dalam perwalian untuk pelanggan kami, termasuk semua pelanggan dengan Saldo Tersedia. Anda setuju untuk terikat oleh Akta Perwalian Keamanan Nium antara kami dan GLAS tertanggal 24 November 2023, yang menetapkan hak dan kewajiban para pihak sehubungan dengan Jaminan Bank. Kami diwajibkan untuk memastikan bahwa, pada titik waktu mana pun, jumlah Jaminan Bank lebih besar daripada jumlah agregat Saldo Tersedia dari semua pelanggan yang menggunakan Layanan. Jika peristiwa insolvensi terjadi sehubungan dengan Nium AU atau Nium AU ditemukan oleh pengadilan atau tribunal mana pun di Australia atau Otoritas Keluhan Keuangan Australia (“AFCA”) melanggar kewajiban apa pun yang terutang kepada Anda sehubungan dengan Akun Nium atau Saldo Tersedia yang pelanggarannya tidak diperbaiki dalam waktu 10 hari kerja setelah kami menerima putusan atau penetapan akhir yang tidak dapat diajukan banding dari pengadilan, tribunal, atau AFCA, Wali Amanat harus mengajukan tuntutan atas Jaminan Bank. Anda mengakui bahwa jika tuntutan diajukan atas Jaminan Bank, Wali Amanat akan menggunakan hasil Jaminan Bank untuk memenuhi Saldo Tersedia dari pelanggan yang terdampak yang disimpan (i) dalam Dolar Australia, dalam Dolar Australia, dan (ii) dalam mata uang lainnya, dalam Dolar Australia, menggunakan nilai tukar yang ditentukan oleh Wali Amanat (yang bertindak secara wajar). Dalam keadaan ini, Anda dapat menghubungi Wali Amanat di: GLAS, Level 26, 1 Bligh Street, Sydney NSW 2000 Australia (Up: NIUM); Telepon: +61 2 82268728; Situs web: https://glas.agency/aus/ dan Email: apac@glas.agency (Up: NIUM). Jaminan Bank yang dirujuk dalam Bagian 2(b) ini telah diterbitkan dengan maksud untuk memenuhi pengecualian yang diterbitkan oleh Reserve Bank of Australia berdasarkan pasal 25 Undang-Undang Sistem Pembayaran (Peraturan) 1998 (Cth) pada tanggal 4 Maret 2004 (Pengecualian). Anda mengakui dan setuju bahwa (A) jika Nium AU tidak lagi mengandalkan Pengecualian sehubungan dengan dana Anda, seperti jika Nium AU diberikan lisensi lembaga penerima simpanan resmi, baik Nium AU maupun Wali Amanat tidak akan berkewajiban untuk mempertahankan Jaminan Bank; dan (B) untuk tujuan menetapkan pengaturan Jaminan Bank, Nium AU berwenang untuk mentransfer hak milik yang bebas dan bersih atas semua saldo relevan yang disimpan di Akun Penyelesaian (atau yang diterima untuk dikreditkan ke Saldo Tersedia) kepada Penerbit, sebagai jaminan atas pelaksanaan Jaminan Bank.

3. Layanan PayTo. Jika Anda telah diberitahu oleh Penyedia Platform bahwa fungsionalitas PayTo telah disediakan untuk Anda oleh kami, Anda dapat mengaktifkan dan menggunakan fungsi tersebut melalui Platform sesuai dengan Bagian 3 ini dan Ketentuan PayTo.

KANADA

Syarat dan ketentuan tambahan dalam Lampiran B-2 ini berlaku untuk Layanan yang disediakan oleh Nium CA di Kanada.

A. Pengaturan Perwalian RPAA – Adendum Perjanjian Klien Nium

1. Definisi

2. Pengaturan Perwalian; Perlindungan Dana

1. Kami telah membentuk Nium Trust untuk tujuan menyimpan dan melindungi dana pengguna akhir dalam perwalian, termasuk Dana Klien. Dengan menggunakan Layanan ini, Anda bermaksud agar Dana Klien Anda disimpan di Nium Trust dalam perwalian untuk kepentingan Anda, dan kami setuju untuk menyimpan Dana Klien Anda di Nium Trust, dalam perwalian, sesuai dengan Ketentuan ini dan Deklarasi Perwalian. Kami telah ditunjuk sebagai Wali Amanat awal dari Nium Trust. Anda mengakui bahwa kami memiliki hak untuk mengganti Wali Amanat dengan satu atau beberapa Wali Amanat pengganti kapan saja, dalam setiap kasus, atas kebijakan kami sendiri, dan, kecuali jika dilarang oleh hukum yang berlaku, tanpa pemberitahuan sebelumnya kepada atau persetujuan dari Anda.
2. Setelah Dana Klien Anda diterima oleh kami serta telah kliring dan diselesaikan, dan semua periode penahanan yang berlaku telah berakhir, Dana Klien Anda akan disetorkan dan disimpan di Nium Trust, dalam perwalian, oleh Wali Amanat di satu atau beberapa Akun Perwalian pada Lembaga Keuangan yang ditunjuk oleh Wali Amanat atas kebijakannya sendiri. Wali Amanat akan menyetorkan dan menyimpan Dana Klien Anda di Akun Perwalian tersebut secara terpisah dari properti milik Wali Amanat sendiri dan properti kami. Wali Amanat akan mencatat Dana Klien yang dimiliki secara manfaat oleh Anda dalam buku besar yang dikelola oleh Wali Amanat untuk tujuan ini. Baik kami maupun Wali Amanat tidak boleh menggunakan Dana Klien Anda dalam menjalankan bisnisnya. Baik kami maupun Wali Amanat tidak boleh meminjamkan, menjaminkan, menggadaikan, atau membebani Dana Klien Anda dengan cara apa pun.
3. Sampai dana Anda diterima oleh kami serta telah kliring dan diselesaikan, dan semua periode penahanan yang berlaku telah berakhir, dana Anda berstatus Dalam Perjalanan. Dana Dalam Perjalanan tidak disimpan dalam perwalian oleh Wali Amanat.
4. Tunduk pada instruksi pembayaran apa pun yang Anda berikan kepada kami, Anda memberi wewenang kepada kami dan Wali Amanat untuk: (a) mentransfer Dana Klien Anda ke dan dari Akun Perwalian, serta ke dan dari akun penyelesaian kami atas kebijakan kami tanpa pemberitahuan kepada Anda; dan (b) sehubungan dengan transfer tersebut, untuk mengirimkan instruksi dan mengungkapkan informasi pribadi Anda (termasuk informasi transaksi elektronik) kepada: (i) Lembaga Keuangan; (ii) penyedia layanan pihak ketiga; dan (iii) kami dan/atau Wali Amanat, sebagaimana berlaku.
5. Setelah Anda mengotorisasi penarikan atau transfer dari Akun Nium Anda: (a) dana yang ditarik atau ditransfer akan menjadi dana Dalam Perjalanan dan bukan lagi merupakan Dana Klien; (b) dana yang ditarik atau ditransfer akan segera didebit dari Akun Nium Anda; dan (c) Anda tidak akan dapat melakukan transaksi lebih lanjut dengan dana tersebut sampai transaksi penarikan atau transfer selesai.
6. Anda mengakui dan menyetujui bahwa:
   1. kami bukan bank atau Lembaga Keuangan dan bukan merupakan lembaga anggota Canada Deposit Insurance Corporation;
   2. kami bukan wali amanat profesional dan dana yang disimpan dalam Akun Perwalian tidak memenuhi syarat untuk perlindungan asuransi Canada Deposit Insurance Corporation di tingkat penerima manfaat; dan
   3. dana Dalam-Perjalanan bukan merupakan Properti Perwalian, tidak disimpan dalam perwalian, dan tidak disimpan dalam Akun Perwalian.
7. Anda juga mengakui dan menyetujui bahwa bunga atau pendapatan investasi atau penghasilan lain apa pun yang mungkin diperoleh dari Dana Klien yang disimpan dalam Akun Perwalian ("Bunga") adalah milik kami dan bukan merupakan bagian dari Properti Perwalian. Dengan ini Anda menyerahkan, mengalihkan, dan memindahkan kepada kami semua hak atas Bunga tersebut dan mengakui serta menyetujui bahwa Anda telah menerima pertimbangan yang sah dan memadai (dengan nilai nominal) untuk pengalihan tersebut. Baik kami maupun Wali Amanat tidak memiliki kewajiban untuk menginvestasikan Dana Klien selain kewajiban untuk menyetorkan Dana Klien ke dalam satu atau beberapa Akun Perwalian sesuai dengan Bagian 2(b) di atas.

B. Syarat dan ketentuan tambahan dalam Lampiran B-2 ini berlaku bagi Anda jika Anda adalah Pelanggan yang berdomisili di Québec yang memenuhi syarat sebagai "konsumen" berdasarkan Undang-Undang Perlindungan Konsumen (c. P-40.1) (Québec) ("CPA"). Dalam hal demikian, ketentuan dalam Lampiran B-2 ini lebih diutamakan daripada ketentuan yang bertentangan dalam Ketentuan ini, sejauh disyaratkan oleh CPA.

1. Bahasa. Anda berhak menerima Ketentuan ini serta semua dokumen, komunikasi, pemberitahuan, dan pengungkapan terkait dalam bahasa Prancis. Versi bahasa Prancis dari Ketentuan ini tersedia atas permintaan Anda kepada Nium.

2. Batas waktu pengajuan klaim. Bagian 14(d) dari Ketentuan (yang mewajibkan pemberitahuan klaim dalam waktu 12 bulan) tidak berlaku bagi Anda. Anda dapat mengajukan klaim apa pun terhadap kami dalam batas waktu yang ditentukan oleh Kitab Undang-Undang Hukum Perdata Québec dan Hukum yang Berlaku lainnya.

Wilayah Ekonomi Eropa (EEA)

Syarat dan ketentuan tambahan dalam Lampiran B-3 ini berlaku untuk Layanan yang disediakan oleh Nium LT dari Lituania dan Nium NL dari Belanda di EEA.

1. Pengecualian ketentuan undang-undang yang relevan. Hal berikut hanya berlaku untuk Layanan NL.
   1. Ketentuan-ketentuan berikut dari Kitab Undang-Undang Hukum Perdata Belanda tidak berlaku dalam hubungan antara Nium NL dan Pelanggan berdasarkan Ketentuan ini: pasal 7:516, 7:517, 7:518 dan 7:519, pasal 7:520(1), pasal 7:522(3), pasal 7:527, pasal 7:529 hingga 7:531, pasal 7:534 dan pasal 7:543, 7:544 dan 7:545 Kitab Undang-Undang Hukum Perdata Belanda serta semua peraturan perundang-undangan yang dibuat berdasarkan pasal-pasal tersebut. Selain itu, jika belum tercakup dalam pasal-pasal yang dirujuk dalam kalimat sebelumnya, aturan mengenai penyediaan informasi dalam Keputusan Pengawasan Perilaku Pasar (Lembaga Keuangan) (Besluit gedragstoezicht financiële ondernemingen Wft) yang mengikuti Judul III PSD 2 tidak berlaku.
   2. Poin di atas memuat pengecualian terhadap ketentuan relevan PSD 2 sebagaimana diimplementasikan dalam hukum Belanda. Akibatnya, semua aturan mengenai konten dan penyediaan informasi yang disyaratkan oleh Judul III PSD 2 dan ketentuan-ketentuan berikut dari Judul IV PSD 2 tidak berlaku untuk Layanan yang disediakan Nium NL berdasarkan Ketentuan ini: pasal 62(1), pasal 64(3), pasal 72, pasal 74, pasal 76, pasal 77, pasal 80, dan pasal 89 PSD 2 serta semua peraturan perundang-undangan yang dibuat berdasarkan pasal-pasal tersebut.
2. Pemisahan dan Perlindungan Dana oleh Nium LT. Jika layanan disediakan oleh Nium LT, Klien mengakui dan menyetujui bahwa:
   
   1. Dana yang diterima ke dalam Akun Nium Anda disimpan sesuai dengan pasal Hukum yang Berlaku. Dana tersebut tetap menjadi milik Anda dan tidak tersedia untuk penggunaan kami sendiri, kecuali sebagaimana diizinkan oleh Hukum yang Berlaku.
   2. Akun Nium Anda bukan merupakan rekening bank atau rekening simpanan pribadi, dan uang elektronik yang kami terbitkan bukan merupakan simpanan. Anda tidak akan memperoleh bunga atas dana yang tersimpan di Akun Nium Anda.
   3. Skema jaminan atau asuransi simpanan apa pun tidak berlaku untuk uang elektronik yang diterbitkan atau untuk klaim apa pun yang timbul sehubungan dengan penerbitan uang elektronik tersebut.
   4. Kami melindungi dana Anda menggunakan metode pemisahan. Kami akan melindungi semua dana yang diterima ke dalam Akun Nium Anda dan/atau sebagai pertukaran atas uang elektronik yang telah diterbitkan, dan akan menyimpan dana terkait tersebut dalam satu atau lebih rekening bank terpisah yang kami miliki pada satu atau lebih lembaga kredit resmi atau pihak ketiga lain yang diizinkan; atau menginvestasikannya dalam aset berisiko rendah yang telah disetujui oleh otoritas pengatur yang berlaku, yang juga disimpan dalam rekening nasabah khusus di lembaga keuangan;
   5. Rekening perlindungan dapat berupa rekening gabungan yang menampung dana untuk banyak nasabah, namun tetap terpisah dari dana kami sendiri;
   6. Dana yang kami terima untuk Anda akan dilindungi dan dialokasikan ke akun Anda sesegera mungkin dan, bagaimanapun juga, paling lambat pada akhir Hari Kerja setelah penerimaan, sesuai dengan Hukum yang Berlaku. Kemampuan Anda untuk menggunakan dana mungkin bergantung pada penyelesaian proses perlindungan, rekonsiliasi, dan operasional, serta batas waktu yang berlaku. Untuk tujuan sub-Bagian (vi) ini, akhir hari kerja berarti pukul 16:00 CET pada hari yang bukan akhir pekan atau hari libur nasional di negara tempat kami berada;
   7. Jika kami mengalami insolvensi, kurator akan menangani proses tersebut dan, setelah biaya apa pun yang terkait dengan insolvensi dibayarkan, Anda akan dibayar dari rekening perlindungan gabungan sebelum kreditur lain, dengan tunduk pada potensi pembagian proporsional atas kekurangan dana apa pun, sesuai dengan hukum insolvensi yang berlaku.
3. Pemisahan dan Perlindungan Dana oleh Nium NL. Jika layanan disediakan oleh Nium NL, Klien mengakui dan menyetujui bahwa:
   
   1. Dana yang diterima ke dalam Akun Nium Anda disimpan sesuai dengan hukum yang berlaku, termasuk Undang-Undang Pengawasan Keuangan Belanda (Wet op het financieel toezicht). Dana tersebut tetap menjadi milik Anda dan tidak tersedia untuk penggunaan kami sendiri, kecuali sebagaimana diizinkan oleh hukum yang berlaku.
   2. Akun Nium Anda bukan merupakan rekening bank atau rekening simpanan pribadi, dan uang elektronik yang kami terbitkan bukan merupakan simpanan. Anda tidak akan memperoleh bunga atas dana yang tersimpan di Akun Nium Anda.
   3. Skema penjaminan simpanan Belanda (depositogarantiestelsel) tidak berlaku untuk uang elektronik yang diterbitkan atau untuk klaim apa pun yang timbul sehubungan dengan penerbitan uang elektronik tersebut.
   4. Kami melindungi dana Anda menggunakan metode pemisahan. Kami akan melindungi semua dana yang diterima ke dalam Akun Nium Anda dan/atau sebagai pertukaran atas uang elektronik yang telah diterbitkan, dengan menyimpan dana terkait tersebut dalam satu atau lebih rekening bank terpisah yang dipegang atas nama Stichting Custodian Nium Europe (“Yayasan”), sebuah yayasan yang didirikan berdasarkan hukum Belanda dengan tujuan tunggal untuk memegang dan melindungi dana nasabah, terpisah dan independen dari aset perusahaan kami sendiri;
   5. Rekening perlindungan Yayasan dapat berupa rekening gabungan yang menampung dana untuk banyak nasabah, namun tetap terpisah setiap saat dari dana kami sendiri dan dari aset Yayasan sendiri (jika ada);
   6. Dana yang kami terima untuk Anda akan ditransfer ke rekening perlindungan Yayasan dan dialokasikan ke akun Anda sesegera mungkin dan, bagaimanapun juga, paling lambat pada akhir Hari Kerja setelah penerimaan, sesuai dengan hukum yang berlaku. Kemampuan Anda untuk menggunakan dana mungkin bergantung pada penyelesaian proses perlindungan, rekonsiliasi, dan operasional, serta batas waktu yang berlaku. Untuk tujuan sub-Bagian (vi) ini, akhir hari kerja berarti pukul 16:00 CET pada hari yang bukan akhir pekan atau hari libur nasional di negara tempat kami berada;
   7. Jika kami menerima dana yang tidak dapat segera dialokasikan ke akun Anda (misalnya karena informasi yang hilang atau tidak tepat), kami akan menyimpan dana tersebut di rekening perlindungan Yayasan sesuai dengan hukum yang berlaku sampai kami mengidentifikasi penerima yang benar; dan
   8. Jika kami mengalami insolvensi, dana yang dipegang oleh Yayasan tidak termasuk dalam harta insolvensi kami dan tidak tersedia bagi kreditur umum kami. Kurator yang ditunjuk untuk menangani insolvensi kami tidak memiliki klaim atas dana yang dipegang oleh Yayasan, dan Anda akan dibayar dari rekening perlindungan gabungan yang relevan sesuai dengan dokumen tata kelola Yayasan dan hukum insolvensi Belanda yang berlaku, dengan tunduk pada potensi pembagian proporsional atas kekurangan dana apa pun.

HONG KONG

Syarat dan ketentuan tambahan dalam Lampiran B-4 ini berlaku untuk Layanan yang disediakan oleh Nium HK di Hong Kong.

1. Bukan fasilitas nilai tersimpan. Layanan Pembayaran Keluar (Pay Out Service) dan/atau Layanan Pembayaran Masuk (Pay In Service) bukan merupakan fasilitas nilai tersimpan. Semua dana yang kami terima berdasarkan Layanan Pembayaran Masuk disimpan oleh kami atas instruksi Anda sambil menunggu instruksi Pembayaran Keluar Anda.
2. Rekening Bank Nasabah. Anda wajib membuka rekening bank dalam mata uang USD atau HKD pada lembaga keuangan berlisensi di Hong Kong (“Rekening Bank Nasabah”) dan wajib memelihara rekening bank tersebut (i) selama Anda menerima Layanan dari kami, dan (ii) selama periode yang mungkin diperlukan setelah penghentian Layanan untuk tujuan tersebut.
3. Detail Rekening Bank Pelanggan. Anda harus memastikan bahwa detail Rekening Bank Pelanggan sudah benar dan lengkap serta harus memberi tahu Penyedia Platform, atau jika tidak dapat memberi tahu Penyedia Platform, memberi tahu kami, sebelumnya mengenai setiap perubahan pada Rekening Bank Pelanggan. Sampai kami diberitahu tentang perubahan tersebut dan memiliki kesempatan yang wajar untuk menindaklanjutinya, kami berhak untuk memproses instruksi Pembayaran Keluar apa pun ke Rekening Bank Pelanggan yang ada. Kami tidak bertanggung jawab atas Kerugian apa pun yang timbul dari instruksi Pembayaran Keluar akibat detail yang salah atau tidak lengkap yang diberikan oleh Anda atau Penyedia Platform, atau jika Anda atau Penyedia Platform gagal memberi tahu kami sebelumnya mengenai perubahan apa pun pada Rekening Bank Pelanggan.
4. Transfer otomatis dana yang kami terima. Jika Anda belum mengirimkan instruksi Pembayaran Keluar kepada kami untuk diproses selama periode tiga puluh (30) hari berturut-turut atau lebih, semua dana yang kami terima atas nama Anda untuk tujuan Layanan Pembayaran Keluar selama tiga puluh (30) hari terakhir (setelah dikurangi biaya yang berlaku, biaya bank, dan pajak) akan secara otomatis dibayarkan oleh kami ke Rekening Bank Pelanggan pada hari ke-30 sejak tanggal instruksi terakhir untuk Pembayaran Keluar dikirimkan oleh Anda kepada kami melalui Penyedia Platform (“Penyapuan Otomatis”). Kami tidak bertanggung jawab kepada Anda atau pihak ketiga mana pun atas Kerugian apa pun yang diderita oleh Anda atau pihak ketiga mana pun yang timbul dari atau sehubungan dengan Penyapuan Otomatis. Harap dicatat bahwa penyapuan dana apa pun tunduk pada pemeriksaan uji tuntas dan kami tidak diharuskan untuk menyapu dana apa pun kepada Anda jika (i) hasil pemeriksaan uji tuntas tidak memuaskan, (ii) kami dilarang oleh perintah atau arahan dari regulator yang berwenang, atau (iii) melakukan hal tersebut dapat menyebabkan kami melanggar hukum yang berlaku.
5. Penyapuan Otomatis Gagal. Jika kami tidak dapat melakukan Penyapuan Otomatis karena alasan selain yang disebutkan dalam Bagian 4 di atas, Anda memberi wewenang dan menginstruksikan kami untuk menyimpan dana tersebut atas nama Anda sambil menunggu instruksi lebih lanjut dari Anda.

SELANDIA BARU

Syarat dan ketentuan tambahan dalam Lampiran B-5 ini berlaku untuk Layanan yang disediakan oleh Nium NZ di Selandia Baru.

1. Akun Nium. Sifat Saldo Tersedia. Ketika kami menerima dana yang dikreditkan ke Saldo Tersedia, dana tersebut bukanlah uang yang tunduk pada perlindungan uang klien dalam Financial Markets Conduct Act 2013. Anda mengakui dan setuju serta harus memastikan bahwa setiap Pembayar mengetahui dan memahami bahwa dana yang ditransfer oleh Anda atau Pembayar dan dikreditkan ke Rekening Penyelesaian, disimpan oleh kami dalam bentuk titipan murni (bare trust) untuk Anda. Dana apa pun di Rekening Penyelesaian disimpan terpisah dari dana yang digunakan untuk menjalankan bisnis Nium NZ.
2. Hak Kami untuk Menangguhkan atau Menghentikan Layanan. Selain hak-hak kami berdasarkan Bagian 13 dari Syarat Umum, kami dapat menangguhkan atau menghentikan Layanan secara langsung, baik sebagian maupun seluruhnya, kapan saja, untuk alasan apa pun, termasuk namun tidak terbatas pada hal-hal berikut: Anda dikenai penunjukan administrator sukarela, penerima dan pengelola, atau pengelola menurut undang-undang (termasuk dikenai rekomendasi oleh Otoritas Pasar Keuangan Selandia Baru) atau Anda dinyatakan sebagai korporasi yang berisiko berdasarkan Corporations (Investigations and Management) Act 1989.
3. Undang-Undang Jaminan Konsumen. Pelanggan mengonfirmasi bahwa mereka 'dalam perdagangan' sesuai dengan pengertian Consumer Guarantees Act 1993, dan Layanan diberikan kepada Pelanggan dalam perdagangan untuk tujuan bisnis. Ketentuan dalam Undang-Undang tersebut dikecualikan seluas-luasnya sebagaimana diizinkan oleh hukum dan tidak akan berlaku.
4. Saldo Kartu. Kartu Prabayar/Debit Korporat dan Kartu Penggajian bukanlah fasilitas kartu prabayar atau nilai tersimpan yang dapat diisi ulang dan hanya dapat digunakan jika terdapat Saldo Tersedia yang mencukupi di Akun Nium. Kartu tersebut tidak memiliki saldo dan tidak mewakili jumlah uang apa pun yang terutang oleh Nium NZ kepada Anda atau pemegang kartu mana pun.

SINGAPURA

Syarat dan ketentuan tambahan dalam Lampiran B-6 ini berlaku untuk Layanan yang disediakan oleh Nium SG di Singapura.

1. Perlindungan dana pelanggan. Saldo Tersedia akan dilindungi oleh Nium SG dalam Rekening Penyelesaian sesuai dengan Payment Services Act 2019, yang memastikan bahwa dana tersebut dipisahkan dari dana operasional kami dan disimpan dengan aman. Anda mengakui dan setuju bahwa Rekening Penyelesaian dapat berisi dana yang diterima Nium SG dari pelanggan Nium SG lainnya.
2. Penarikan Tunai. Anda tidak diperbolehkan menggunakan Kartu Korporat atau Kartu berbasis Stablecoin untuk menarik SGD di Singapura.

INGGRIS RAYA

Syarat dan ketentuan tambahan dalam Lampiran B-7 ini berlaku untuk Layanan yang disediakan oleh NFL di Inggris Raya.

1. Jenis Dana dan Perlindungan. You acknowledge and agree that:
   1. Funds received into your Nium Account are held as "relevant funds" in accordance with the Financial Conduct Authority Client Assets Sourcebook (CASS 15). Such funds remain your property and are not available for our own use, except as permitted by Applicable Laws.
   2. Your Nium Account is not a personal bank or deposit account, and electronic money issued by us does not constitute a deposit. You will not earn any interest on the funds held in your Nium Account.
   3. The UK Financial Services Compensation Scheme (and any other equivalent scheme in any other jurisdiction) does not apply to the funds in your Nium Account.
   4. We safeguard your funds using the segregation method. We shall safeguard all funds received into your Nium Account and/or in exchange for electronic money that has been issued, and shall hold relevant funds corresponding to electronic money in one or more segregated bank accounts which we hold with one or more authorised credit institutions or other permitted third parties; or invest them in low-risk assets that have been approved by the Financial Conduct Authority, which are also kept in dedicated client accounts with financial institutions.
   5. Safeguarding accounts may be pooled accounts holding funds for multiple customers but remain separate from our own funds
   6. Funds received by us for you will be safeguarded and allocated to your account as soon as practicable and, in any event, by the end of the Business Day following receipt, in accordance with Applicable Laws. Your ability to use funds may be subject to the completion of safeguarding, reconciliation and operational processes, and applicable cut-off times. For the purposes of this sub-Section (vi), the end of business day means 16:00 (UK time) on a day that is not a weekend or public holiday in the UK;
   7. If we receive funds that cannot be immediately allocated to your account (for example due to missing or incorrect information), we will hold such funds in accordance with Applicable Law until we have identified the correct recipient; and
   8. In the event of our insolvency, an insolvency practitioner would handle the process and once any costs related to the insolvency are paid out, you will be paid from the pooled safeguarded accounts, subject to any potential proportionate share of any shortfall, in accordance with applicable insolvency laws.

ANNEXURE 1 to APPENDIX B-7

SMALL CHARITIES AND MICRO-ENTERPRISE TERMS AND CONDITIONS IN THE UNITED KINGDOM

These additional terms and conditions apply to Customers that are Small Charities or Micro-Enterprises (as defined below) that are receiving Services in the United Kingdom (“UK”).

1. Definitions.

1. A “Small Charity” is a charity in the UK with an annual income of less than GBP 1 million.
2. A “Micro-Enterprise” is an enterprise (in whatever legal form, including self-employed individuals, family businesses, partnerships or associations engaged in an economic activity) that (1) has an has a turnover or annual balance sheet that is less than EUR 2 million; and (2) employs fewer than 10 people.

2. Unauthorized or incorrectly executed transactions.

1. You must promptly notify us in writing as soon as you become aware of any unauthorized or incorrectly executed transactions, and in any event, before the end of the Error Notification Deadline.

3. Liability for unauthorized transactions.

1. You will be liable for the first GBP 35 of any unauthorized transactions arising from the use of a lost or stolen payment instrument, or from the misappropriation of a payment instrument.
2. Provided that (i) you have notified us of the unauthorized transaction prior to the Error Notification Deadline; (ii) you have not acted fraudulently; (iii) you have not deliberately or with gross negligence compromised the security of your Nium Account or payment card; (iv) you you have not failed to notify us of any security issues with your Nium Account or payment card; (v) you have used the Services in accordance with these Terms, we will refund you for the amount of any such unauthorized transaction to the extent that it exceeds GBP 35. However, we will refund you the full amount of any such unauthorized transaction if: (1) it was not possible for you to detect the misappropriation, loss or theft of your payment instrument before the payment was made (unless you acted fraudulently); (2) the loss was caused by our employee or any entity that processed the payment on our behalf; (3) the unauthorized transaction occurred after you notified us that your payment instrument had been misappropriated or lost or stolen; (4) we have not provided you with a means to notify us of the loss or theft of your security credentials or that your Nium Account or payment card have been compromised; or (5) we have not applied authentication requirements to the transaction when we are legally obliged to do so.
3. For any portion of any unauthorized transaction that we are required to refund you under Section 3(b) above, we will normally refund to you by the end of the next business day following the date of your notification. We will also refund any transaction fees or charges deducted by us in connection with such unauthorized transaction, so that your Available Balance is to the extent possible returned to the same state that it would have been had the unauthorized transaction not occurred (less any portion of the unauthorized transaction that you are liable for). Any refund received by you is your only remedy and we will not be liable to you for any other losses you suffer as a result of such unauthorized transaction.

4. Authorized Push Payment Fraud

1. An Authorized Push Payment (“APP”) scam is a type of fraudulent activity where you have been deceived into transferring money to a fraudster via Faster Payments or CHAPS in the UK. We may refuse to make a payment requested by you if we think the payment may be connected to an APP scam.
2. You are required to carefully read any warnings we may give you about fraud and scams. This is particularly important when you are setting up a new payee or changing a payee’s details.
3. If you think you are the victim of an APP scam, you must tell us as soon as possible and no later than 13 months from the payment date. We will assess your claim on a case-by-case basis, and you may be eligible for a refund in accordance with applicable law. For more information on how we treat APP scam claims, please refer to our website.

5. Refunds Due to Incorrectly Executed Transactions.

1. Subject to Section 3(a) above, if we process your payment incorrectly (for example, because the payment was not sent to the account to which you instructed us to send payment, or because it was processed late due to our error) we will refund the payment amount including all fees deducted by us, using the same method through which you funded the payment transaction, without undue delay. If you made a mistake and provided us with the incorrect information to process the payment transaction, we will use reasonable efforts to help correct the problem (which may mean getting your money back) but we may charge you for our costs of doing so.

6. Reversal of refunds.

1. If we refund you for a transaction that you reported as an unauthorized or incorrectly executed transaction and we subsequently determine that such transaction was authorized by you, was correctly executed by us or we were not otherwise liable to refund you for such transaction in accordance with this Section 5, we will deduct the amount refunded to you from (i) your Nium Account, or (ii) funds provided to us as financial assurance for your obligations under these Terms. If there are not sufficient funds in your Nium Account or otherwise available to us to reverse the applicable refund, you shall immediately transfer such amount to us upon our request. We will comply with applicable laws and regulations, including providing you with any applicable evidence, in exercising our rights under this Section 5.

UNITED STATES

The additional terms and conditions in this Appendix B-8 apply to Services provided by Nium US in the United States.

1. Definitions.

1. “Payment Service Bank” means CRB or CFSB (each defined below); each a “Payment Service Bank”.
2. “US Payment Services” means any Services provided by the Payment Service Bank in connection with its provision of the Settlement Accounts, Nium Accounts, Pay In Service and Pay Out Service.

2. Payment Service Banks.

Nium US works with the Payment Service Banks listed below to provide the US Payment Services. We or the Platform Provider will notify you regarding which Payment Service Bank is providing the US Payment Services to you.

1. Cross River Bank, a New Jersey state-chartered commercial bank and member of the Federal Deposit Insurance Corporation (FDIC) (“CRB”).
2. Community Federal Savings Bank, a federal savings bank chartered in the United States (“CFSB”).

3. Binding Arbitration; Waiver of Jury Trial.

1. Binding Arbitration. Solely with respect to any dispute between the Customer and Nium US, the following arbitration provisions shall apply:
   1. Any disputes or claims (except for a dispute principally related to either party’s intellectual property rights, which will be resolved in litigation before state or federal courts located in San Francisco, California) shall be resolved by arbitration conducted in accordance with the rules of the American Arbitration Association (“AAA”) in accordance with its Commercial Arbitration Rules, currently available at https://www.adr.org/rules-forms-and-fees/commercial/, as such rules may be revised by the AAA, and judgment upon the award rendered by the arbitral tribunal may be entered in any court having jurisdiction thereof. The arbitral tribunal shall consist of a single arbitrator. The party initiating the arbitration proceeding shall, in the notice of arbitration, nominate an arbitrator duly qualified to preside, and if the other party does not object to the nominated arbitrator, such arbitrator shall preside. If the other party objects by giving written notice to the party initiating the arbitration, and if the parties do not agree on an arbitrator within ten (10) calendar days of such notice of objection, then a qualified arbitrator shall be appointed by the AAA. “Qualified” for purposes of this Section 3(a)(i) means a person licensed to practice law in a U.S. jurisdiction, with experience advising Financial Institutions or arbitrating disputes involving Financial Institutions, and with expertise in financial services laws and regulations. The place of arbitration shall be in San Francisco, California, unless the parties agree to another location, and all proceedings and written submissions shall be in English. The arbitration award shall be final and binding. The parties waive any right to appeal the arbitration award, to the extent a right to appeal may be lawfully waived.
   2. Each party retains the right to seek judicial assistance: (A) to compel arbitration, (B) to seek temporary injunctive relief in any court with jurisdiction over the party against which the relief is sought (with such relief to extend only until the propriety of permanent relief can be decided by the arbitrator), (C) to obtain other interim measures of protection prior to or pending arbitration, and (D) to enforce any decision of the arbitrator, including the final award. Judicial assistance pursuant to this Section 3(a)(ii) may be sought in and of the state or federal courts located in San Francisco, California (and for purposes of subsections (B) and (C), exclusively in such courts), and the parties submit to the jurisdiction thereof. Injunctive relief shall be granted without the requirement of posting a bond.
   3. The parties acknowledge and agree that these Terms evidence a transaction involving interstate commerce and will be governed by the Federal Arbitration Act (9 U.S.C.1-16).
   4. No demand for arbitration may be made after the date when the institution of legal or equitable proceedings based on such claim or dispute would be barred by the applicable statute of limitation.
   5. Subject to the exclusions, disclaimers and limitations of liability set forth in these Terms (including those set forth in Section 14 of the General Terms), the arbitrator may award damages and any other remedies allowed by the laws of the State of California. In making a determination, the arbitrator will not have the authority to modify any term of these Terms. The arbitrator shall issue to the parties a reasoned and written decision with respect to the dispute. Judgment upon the arbitrator's award may be entered in any court having jurisdiction.
   6. The parties will keep confidential the existence of the arbitration, the arbitration proceeding, the hearing and the arbitrator’s decision, except (A) as necessary to prepare for and conduct the arbitration hearing on the merits, (B) in connection with a court application for a preliminary remedy, or confirmation of an arbitrator’s decision or its enforcement, (C) as disclosed in confidence to their respective attorneys, accountants and other professional advisors that are subject to a duty of confidentiality, or (D) as otherwise required by Applicable Laws or court order.
2. Waiver of Jury Trial. If for any reason a claim or dispute proceeds in court rather than through arbitration, each party hereby waives trial by jury in any court action or proceeding to which they may be parties, arising out of, in connection with or in any way pertaining to, these Terms.

4. Services Offered by Nium US.

1. Payment Service Bank. You understand and agree to the following with respect to Settlement Accounts that are located in the United States and any Nium Accounts, Pay In Services and Pay Out Services that are offered by Nium US to you:
   
   1. Nium US does not offer Nium Accounts, Pay In Services or Pay Out Services in the United States as a licensed money transmitter. Instead, Nium US provides you access to the US Payment Services under a program sponsored by the Payment Services Bank, to which Nium US is a service provider.
   2. Nium US operates a software and services platform that permits you to utilize Nium Accounts, Pay In Services and Pay Out Services provided by the Payment Service Bank.
   3. The Payment Service Bank will have sole custody over the funds in the Settlement Account, and will perform all US Payment Services. The Payment Service Bank, with respect to its performance of US Payment Services, will have the same rights as Nium that are set forth in these Terms, with respect to (A) funds held in the Settlement Account and (B) the provision of the Nium Accounts, Pay In Services or Pay Out Services.
   4. The Client’s use of the US Payment Services is subject to the additional terms and conditions of the Payment Service Bank, as provided by Nium US in writing from time to time (the “US Payment Services Terms”). The US Payment Services Terms may be amended by the Payment Service Bank at any time and in its sole discretion.
      (A) If the US Payments Services are provided by CRB, the CRB Payment Services Terms located at https://www.nium.com/legal/crb-terms, govern the US Payment Services.
      (B) If the US Payment Services are provided by CFSB, the CFSB Payment Services Terms located at https://www.nium.com/legal/cfsb-terms, govern the US Payment Services.
2. UCC Article 4A Disclosure. If Nium permits you to credit a Nium Account (“credit entry”), the credit entry may be transmitted through the ACH network.  Your rights or obligations, as an originator, concerning the credit entry are governed by and construed in accordance with the laws of the State of New York, unless you and the originating depository institution have agreed that the laws of another jurisdiction govern your respective rights and obligations.  Credit given by the receiving depository financial institution (“RDFI”) to the receiver for the entry is provisional until the RDFI has received final settlement through a Federal Reserve Bank or through a funds transfer system in accordance with Section 4A-403(a) of UCC Article 4A.  If the RDFI does not receive such payment for the entry, the RDFI is entitled to a refund from the receiver in the amount of the credit to the receiver’s account, and the originator will not be considered to have paid the amount of the credit entry to the receiver.
3. Additional Termination Right of Nium US. In addition to the rights of termination set forth in Section 18 of the General Terms, we may immediately terminate the Services, at any time, in the event that the Payment Service Bank has, in its sole discretion, terminated your use of any of the US Payment Services.Additional Termination Right of Nium US. In addition to the rights of termination set forth in Section 18 of the General Terms, we may immediately terminate the Services, at any time, in the event that the Payment Service Bank has, in its sole discretion, terminated your use of any of the US Payment Services.