I/We and my/our Master User(s) acknowledge that I/we have read and understand the BSP Online Business Banking Terms & Conditions and by
executing this document accept these documents and agree to be bound by them in my/ our use of the BSP Online Business Banking Facility.
I/We (as the entity named on this Form) are liable for the use of BSP Online Business Banking by my/ our Master User(s) and that I/We are responsible
for ensuring that the Master User(s) comply with all obligations imposed on me/ us and my/our Master User(s) under the BSP Online Business Banking
Terms & Conditions.
I/We also acknowledge that the service provided by BSP and my/ our obligations under this Agreement, in respect of the accounts nominated in this
Agreement, are subject to the terms and conditions governing those accounts.
I/We warrant that:
(a) in the case that the Entity is a company or an incorporated body, a resolution was passed in accordance with the Entity's Constitution or
Memorandum of Association for an application to be made for;
(b) I/We are duly authorised to make an application for the use of the BSP Online Business Banking service subject to the BSP Online Business
Banking Terms and Conditions, and the supporting documentation provided together with this form evidences the matters stated in this clause.
(Note: Please attach a copy of a power of attorney and/minutes of the Entity's resolution to certify the above).
I/We acknowledge that the 'Master User(s)' are to be provided full authority to operate on those accounts listed in Section D and permitted to withdraw
daily in total an amount not exceeding the approved Daily Global Limit where available funds permit.
I/We acknowledge that amendments or cancellation of any other authority on the accounts listed in Section D, now or in the future will not affect this
authority, which is to continue in full force and effect until the bank receives notice of amendment or cancellation in writing.
I/We agree that the contents of this application and the supporting documentation provided together with this form are true and correct and that my/
our signature below indicate my/our understanding of and consent to all matters set out in this application form, including the Privacy and Consent
statement above.
Online Business Banking 5
SECTION J: PRIVACY AND CONSENT
SECTION K: CUSTOMER DECLARATION
Privacy
When you apply for BSP Online Business Banking , you acknowledge that BSP is likely to collect and use some of your information including details
about your transactions, your financial conditions, your account relationship with BSP and/or your account(s) (collectively referred to as
‘Information’).
The collection and use of this Information by BSP is explained below.
Collection of your Information by BSP
BSP may collect your Information:
To assist in providing information about a product or service; To consider your request for a product or service;
To enable BSP to provide a product or service;
To tell you about other products or services that may be of interest to you;
To assist in arrangements with other organisations (such as subsidiary companies) in relation to the promotion and provision of a product or service;
To perform other administrative and operational tasks (including risk management, systems development and testing, credit scoring, staff training, and
market or customer satisfaction research);
To prevent or investigate any fraud or crime (or a suspected fraud or crime) ; and
As required by relevant laws, regulations, codes and external payment systems inside and outside Papua New Guinea .
Absence of relevant personal information
If you do not provide some or all of the Information requested, BSP may be unable to provide you with a product or service including access to BSP's
Online Business Banking.
Consent to Disclosure by BSP of your Information
When you applied for BSP Online Business Banking, you consented to:
BSP collecting your information to enable it to provide the service or product applied for; BSP Disclosing your information to:
(i) Any service provider BSP engages to carry out or assist its functions and activities;
(ii) Any third party providing you with a product or service in relation to your account;
(iii) Credit reporting or debt collecting agencies, and any credit provider to help you avoid a default on your obligations, or to inform them of
your default to participants in the payments system (including financial institutions, merchants and payments organisations);
(iv) Any of its branch, subsidiary, affiliate or agent of BSP, including its employees, auditors and legal advisors;
(v) Other parties which BSP is authorised, required by law or compelled by court order to disclose information to
(vi) Your authorised agents or executor, administrator or legal representative;
(vii) Any person where in BSP's view the disclosures are necessary or desirable for the purpose of allowing BSP to perform its duties and
exercise its powers and rights under the Terms and Conditions.
ONLINE BUSINESS BANKING