blinxPay™ Terms of Use

Effective Date: August 6, 2026

Terms of Use for the blinxPay™ Virtual Account and Digital Wallet

These Terms of Use (the “Terms” or this “Agreement”) set forth the terms and conditions under which the Virtual Account has been issued to you by Veritec Financial Systems, Inc. By activating and using the Account, you agree to be bound by these Terms. Please read them carefully and keep them for future reference.

Important Disclosures

The following summary is provided for your convenience only. It does not replace, limit, or modify the full Terms set out below, which govern your Account in all respects.

• Your Account is not a bank account. It is not a checking, savings, credit, or gift account, and you will not earn interest on your balance.
• Veritec is not a bank. Veritec is the program manager for your Account. Your Card is issued by the Issuing Bank under a separate Cardholder Agreement, and your Non-Custodial Wallet is provided using non-custodial technology from the Wallet Provider.
• Wallets that hold stablecoins or other blockchain assets are non-custodial. Veritec does not hold the private keys to those Wallets and cannot recover Digital Assets if you lose access to them. Wallets that hold U.S. Dollars are custodial. You may hold more than one Wallet, and the protections that apply to one do not apply to another. See Section 3.1.
• FDIC insurance covers U.S. Dollars only. U.S. Dollar funds held in the custodial account at an FDIC-insured institution in the United States, including funds held through custodial blinxPay products, are insured to the maximum limit provided by the FDIC. Digital Assets are not deposits, are not insured by any government agency, and may lose value.
• Fees depend on your Account type. The Fees applicable to your Account are disclosed when your Account is approved, in the blinxPay application, and at the time of a transaction.
• This Agreement contains an arbitration provision and a class action waiver. See Section 20. You may opt out of arbitration within sixty (60) days of accepting your Account.
• Report problems immediately. Tell us at once if your Account is lost or stolen or if you see a transaction you did not authorize. Your liability depends on how quickly you notify us. See Section 10.

1. Accepting These Terms and Eligibility

You must activate your Account before it can be used. You may activate your Account by using the mobile app or by visiting www.blinxPay.com. You will need to provide personal information in order to verify your identity. The Bank Secrecy Act, as amended by the USA Patriot Act, is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account.

When you activate an Account, we will ask for your name, address, date of birth, and other information that will allow us to reasonably identify you. We may also ask to see your driver’s license or other identifying documents at any time.

If we are unable to verify your identity, we may, at our option, (i) permit you to use your Account until the balance in your Account reaches zero, (ii) issue you a refund check, or (iii) require further investigation.

We may refuse to allow you to activate an Account at our sole discretion.

1.1 Your Representations and Warranties

By activating the Account or by retaining, using, or authorizing the use of the Account, you represent and warrant to us that: (i) you are at least 18 years of age (or 19 if you reside in a state where the age of majority is 19); (ii) you are a U.S. citizen or legal alien residing in one of the 50 states or the District of Columbia; (iii) you have provided us with a verifiable U.S. street mailing address (not a P.O. Box); (iv) the personal information that you provide to us in connection with the Account is true, correct, and complete; (v) you received a copy of these Terms and agree to be bound by and to comply with them; (vi) you accept the Account; (vii) you agree that the Account is our property and you will surrender it upon demand; and (viii) you are not, and are not acting on behalf of, a person or entity subject to sanctions administered by OFAC or listed on any U.S. government restricted or prohibited parties list, as described in Section 8.3.

1.2 Authorized Users

You are responsible for all authorized transactions initiated by use of your Account. If you permit another person to have access to and use your Account, we will treat such permission as if you have authorized such use and you will be liable for all transactions incurred by those persons. If you wish to revoke permission for any person you have previously authorized, you must notify us by emailing support@blinxPay.com or writing us at Account Holder Services, 2445 Winnetka Ave. N., Golden Valley, MN 55427.

1.3 Receipt of the Account

Write down your Account number and the customer service phone number provided in these Terms on a separate piece of paper in case your Account is lost, stolen, or destroyed. The Account is not active and there is no value on the Account until or unless you load funds to the Account or until or unless funds are loaded to the Account on your behalf.

2. Definitions

“Business Day” means Monday through Friday, excluding federal holidays, even if we are open for business. Any references to “days” found in these Terms are calendar days unless otherwise indicated.

“Account” means the Virtual Account issued to you by Veritec Financial Systems, Inc. Your Account is a record-keeping and program-management account maintained by Veritec; it is separate from (i) the Card, which is issued by the Issuing Bank, and (ii) your Wallet, which is non-custodial technology provided by the Wallet Provider, as further described in Section 3.1. “Account” also means the records we maintain to account for the value of claims associated with the Account.

“Issuer” means Veritec Financial Systems, Inc. (“Veritec”), the program manager for the Account. Veritec is not a bank and does not itself issue the Card; the Card is issued by the Issuing Bank, as defined below. U.S. Dollar funds held in the custodial account described in Section 3.3 are held at an FDIC-insured depository institution, as further described in that Section.

“Card” means the Visa-branded payment card issued in connection with your Account.

“Issuing Bank” means Rain (Nimbus LLC dba Third National), or such other bank or financial institution that issues the Card from time to time, pursuant to a separate Cardholder Agreement between you and the Issuing Bank.

“Cardholder Agreement” means that separate agreement between you and the Issuing Bank governing the Card.

“Wallet” means a digital wallet made available to you in connection with your Account. A Wallet that holds Digital Assets is non-custodial; a Wallet that holds U.S. Dollars is custodial, as described in Section 3.1. You may hold more than one Wallet at a time, and the protections that apply to one Wallet do not necessarily apply to another.

“Non-Custodial Wallet” means a Wallet provided using non-custodial key-management technology from the Wallet Provider, in which you hold Digital Assets, including stablecoin collateral.

“Wallet Provider” means Turnkey, or such other non-custodial key-management technology provider we use from time to time in connection with the Non-Custodial Wallet.

“Digital Assets” means cryptocurrency, stablecoins, or other blockchain-based assets held in your Wallet.

“We,” “us,” and “our” mean the Issuer, our successors, affiliates or assignees.

“You,” “your,” and “Account Holder” mean the person who requested the opening of the Account, who has received an Account, and who is authorized by the Issuer to use the Account as provided for in these Terms.

Unless it would be inconsistent to do so, words and phrases used in these Terms should be construed so that the singular includes the plural and the plural includes the singular.

3. Your Account, Card, and Wallet

You acknowledge and agree that the value available in your Account is limited to the funds loaded to your Account. The Account is a Virtual Account. In addition to your Account, you may be issued a Card by the Issuing Bank and one or more Wallets, each of which is governed by separate terms as described in Section 3.1. The Account is not a credit Account. The Account is not a gift Account, and is not intended to be used as a gift. The Account is not a checking or savings account.

You will not receive any interest on your funds in your Account. There is no credit line associated with your Account. The Account is and will at all times remain the property of the Issuer and must be surrendered upon demand. The Account is nontransferable, may not be resold, and may be canceled, repossessed, or revoked at any time without prior notice subject to applicable law. The Account is not offered in all states. If you are located in or move to a state where we do not offer the Account, we may close your Account and return any balance to you as permitted by applicable law.

The Account is for use solely at participating merchants. The Card may additionally be used wherever Visa cards are accepted, subject to the terms of the Cardholder Agreement.

The Account Holder is responsible for any and all transactions and fees on the Account and any sub-accounts associated with the Account. The Account Holder may access funds in the Account and any sub-accounts attached to the Account.

You agree to only use the Account for personal, family or household purposes. The Account is not designed for business use, and we may close your Account if we determine that it is being used for business purposes. We may refuse to process any transaction that we believe may violate these Terms. All dollar amounts stated herein are in U.S. Dollars (“dollars”) unless expressly stated otherwise.

3.1 Relationship with the Issuing Bank and Wallet Provider

The Card is issued by the Issuing Bank pursuant to a separate Cardholder Agreement between you and the Issuing Bank. The identity of the Issuing Bank and the applicable card network will be disclosed in the Cardholder Agreement and on the Card. The Issuing Bank, and not Veritec, is solely responsible for extension of credit (if any) and compliance with applicable banking laws and regulations relating to the Card. Veritec is not a bank, does not extend credit, and does not accept deposits in connection with the Card. In the event of any conflict between these Terms and the Cardholder Agreement, the Cardholder Agreement controls with respect to Card functionality, fees, and dispute resolution relating to the Card, as further described in Section 20.

Custodial and non-custodial products. Whether a blinxPay product is custodial depends on what it holds. Any Wallet or account that holds Digital Assets — including stablecoins and other blockchain-based assets — is non-custodial. For those, Veritec does not custody, control, or have access to the private keys or other credentials associated with them, and cannot recover Digital Assets on your behalf if you lose access. Any Wallet or account that holds U.S. Dollars is custodial, and those U.S. Dollar funds are held in the custodial account described in Section 3.3.

Your Non-Custodial Wallet is provided using non-custodial technology from the Wallet Provider. Veritec does not custody, control, or have access to the private keys associated with your Non-Custodial Wallet, and cannot recover Digital Assets on your behalf if you lose access to it. Digital Assets held in your Non-Custodial Wallet are not deposits, are not FDIC-insured or otherwise insured by any government agency, are not obligations of the Issuing Bank, Veritec, or the Wallet Provider, and are subject to investment risk, including possible loss of value.

You may hold more than one Wallet at the same time. The protections that apply to one Wallet do not necessarily apply to another, and you should not assume that a statement made about one Wallet applies to all of them.

3.2 No Investment, Financial, or Fiduciary Advice

Veritec is not your fiduciary, investment adviser, or financial adviser. Nothing in these Terms creates any fiduciary, advisory, or agency relationship between you and Veritec. Information provided through the Account, the Wallet, or blinxPay is for informational purposes only, does not constitute investment, financial, tax, or legal advice, and should not be relied upon as such. You are solely responsible for your decisions regarding Digital Assets, including their acquisition, retention, and disposition.

3.3 FDIC Insurance and Digital Asset Risk

When you have registered and loaded your Account, there will be enough funds at an FDIC-insured depository institution partner to cover the amount of money credited to your Account. The money credited to your Account will be held in a custodial account at that depository institution on your behalf. The amount of money in this custodial account is insured to the maximum limit provided by the FDIC.

FDIC pass-through insurance is available only for U.S. Dollar funds held in the custodial account described above at an FDIC-insured depository institution in the United States. This includes U.S. Dollar funds held in connection with custodial blinxPay products and services. It does not cover any other asset, and in particular the FDIC does not insure Digital Assets held in a Non-Custodial Wallet, which are subject to the risks described in Section 3.1.

4. Fees

Fees depend on the type of Account you hold and the program under which it was issued. We will disclose the Fees applicable to your Account when your Account is approved, in the blinxPay application, at the time of a transaction, or by updating these Terms or our website.

All fees assessed by us are deducted from the available balance on your Account. If your available balance is insufficient to cover any transaction amount or any transaction fee(s) assessed or both, the transaction may be declined.

Fees relating to the Card itself (for example, card issuance, foreign transaction, or ATM fees) are set out in the Cardholder Agreement between you and the Issuing Bank.

Merchants may charge their own fees for certain services, including cash loads performed at a Merchant location. Any such fee is charged by the Merchant and not by us.

5. Adding Money and Limits

You may add or “load” funds to your Account at any time after your Account Holder information has been verified, subject to the following limitations.

You may load a maximum cumulative amount of $7,000.00 across all loads in any 24-hour period, and the maximum balance of your Account at any time (the “Maximum Balance”) is $7,000.00.

The following individual transfer limits apply to your Account during any 24-hour period: Account-to-Account transfers may not exceed $300.00, and credit card loads may not exceed $300.00. In addition, certain transfer limits may apply to other types of transfers. For security reasons, we may also limit the amount or number of transactions you can make with your Account.

We may increase or decrease these limits or add additional limits from time to time in our sole discretion and, to the extent permitted by applicable law, without prior notice to you. We reserve the right to accept or reject any request to reload value to the Account at our sole discretion. The Account may only be reloaded by the Account Holder.

The calculation of the Maximum Balance may take into consideration all similar transactions made with any other Account(s) you may have with us. Any load may be rejected in whole or in part at any time at our discretion if the amount of such load may cause the maximum balance in your Account to exceed the Maximum Balance. For information about how to load funds to your Account, visit www.blinxPay.com.

Presenting personal checks, cashier’s checks, and money orders to the Issuer are not an acceptable form of loading. All checks and money orders sent to the Issuer for Account loading will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be loaded to the Account at the discretion of the Issuer.

You agree to present the Account and meet identification requirements to complete load transactions as may be required from time to time.

6. Using Your Account

6.1 Account Access

Subject to the limitations set forth in these Terms, you may use your Account to: (1) view balances, (2) load funds to your Account, (3) transfer funds between your Accounts whenever you request, and (4) purchase or lease goods or services wherever your Account is honored, as long as you do not exceed the value available in your Account; you may only use your Account at authorized participating merchants.

You may not use your Account Number or the Issuer’s routing number and your assigned Account Number in connection with the creation and/or negotiation of any financial instruments, such as checks, which we have not authorized.

6.2 Your Obligation for Negative Balances

Each time you use your Account, you authorize us to reduce your available balance by the amount of the transaction and any applicable fees. You cannot use the Account, either in a single transaction or a series of transactions, if the amount of the transaction(s) exceed(s) your available balance. Nevertheless, if the amount of a transaction exceeds your available balance, you shall remain fully liable to us for the amount of the transaction. You agree to pay us promptly for the negative balance. If you have not added sufficient funds to your Account to cover the negative balance within ninety (90) days of its creation, we may cancel your Account and pursue collection, including the right to collect funds, equal to or less than the negative balance, from any other Account you may have with us. We reserve the right to offset any negative balance by any current or future funds you may load to or maintain in your Account or any other Account you maintain with us now or in the future. You are responsible for all transactions initiated by use of your Account, except as otherwise set forth herein. If you do not have enough funds available in your Account, the transaction will be denied.

6.3 Fraudulent Account Activity

We may block or cancel your Account if, as a result of our policies and procedures, we detect what we reasonably believe to be fraudulent, suspicious or criminal activity or any activity that is inconsistent with these Terms. We will incur no liability to you because of the unavailability of the funds that may be associated with your Account.

6.4 No Warranty on Merchant Goods and Services

We are not responsible for the delivery, quality, safety, legality, or any other aspect of the goods and services purchased from merchants with the Account. All disputes concerning those matters should be addressed to the merchants from whom the goods and services were purchased. Merchants have no authority to make representations or warranties on our behalf, to bind us or to enter into any agreement on behalf of us.

EXCEPT AS EXPRESSLY OTHERWISE PROVIDED IN THESE TERMS OR REQUIRED BY LAW, WE MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND TO YOU, WHETHER EXPRESS OR IMPLIED, REGARDING THE ACCOUNT, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

6.5 Refunds and Replacement

You may request a refund of the funds remaining in your Account by contacting us at www.blinxpay.com and requesting a check refund. A fee may apply for check refunds. A check refund may take up to twenty (20) Business Days to be processed and delivered to you.

If you need to replace your Account for any reason, please contact us at support@blinxPay.com to request a replacement Account. You will be required to provide personal information which may include your Account number, full name and transaction history, copies of accepted identification and similar information to help us verify your identity.

7. Account Security

You are responsible for maintaining the confidentiality of your Account, Card, and Wallet login credentials and authentication factors. Unauthorized access may result in civil and criminal liability. You are responsible for all activity occurring under your Account, whether or not authorized by you, except to the extent resulting from our gross negligence or willful misconduct.

You agree not to:

• Circumvent authentication systems.
• Access restricted areas of our systems without authorization.
• Attempt penetration testing without our prior written consent.
• Interfere with the security of our systems.
• Reverse engineer the blinxPay mobile application or related Services.

We reserve the right to investigate and cooperate with law enforcement authorities in connection with any of the foregoing.

8. Prohibited Conduct and Compliance

8.1 Prohibited Conduct

You agree not to:

• Use the Account, Card, or Wallet for unlawful purposes, including but not limited to transactions involving illegal substances, gambling, or weapons.
• Engage in fraud or misrepresentation.
• Upload malware or harmful code.
• Scrape, harvest, or data-mine content from the blinxPay mobile application or website.
• Frame, mirror, or deep-link to the Services without our written consent.
• Impersonate another individual or entity.
• Submit false financial or identity documentation.

We reserve all rights and remedies available at law and in equity, including injunctive relief, for violations of this Section.

8.2 Compliance with Laws

Your use of the Account, Card, and Wallet is subject to all applicable international, federal, state, and local laws and regulations. You agree not to use the Account, Card, or Wallet in any manner that violates applicable law, including sanctions laws, anti-money laundering laws, anti-corruption laws, and financial crimes regulations.

8.3 Sanctions

You may not open, activate, or use an Account if you are located in, organized in, or a resident of any jurisdiction subject to U.S. embargo, or if you are listed on any U.S. government restricted or prohibited parties list. You represent and warrant that you are not subject to sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) or any other applicable sanctions authority, and that you are not acting on behalf of any such person or entity. You agree to comply with all applicable export control and sanctions laws in connection with your use of the Account, Card, and Wallet.

9. Statements, Balances, and Confidentiality

You are responsible for keeping track of your Account available balance. You may access your available balance by accessing your Account online through the mobile app or at www.blinxPay.com (at no cost). Statements in electronic format will be made available at no cost for each month in which a transaction occurs.

It is important you know your available balance before initiating any transaction. You will not automatically receive paper statements. A sixty (60) day history of Account transactions is also available online at no cost. You have a right to obtain a sixty (60) day written history of Account transactions by emailing support@blinxPay.com or by requesting this information in writing at Account Holder Services, 2445 Winnetka Ave. N., Golden Valley MN 55427.

9.1 Confidentiality

We may disclose information to third parties about your Account or the transactions you make: (i) where it is necessary for completing transactions; (ii) in order to verify the existence and condition of your Account for a third party, such as a merchant; (iii) in order to comply with government agency, court order, or other legal reporting requirements; (iv) if you consent by giving us your written permission; (v) to our employees, auditors, affiliates, service providers, or attorneys as needed; or (vi) otherwise as necessary to fulfill our obligations under these Terms.

10. Errors and Unauthorized Transactions

10.1 Our Liability for Failure to Complete Transactions

If we do not properly complete a transaction with respect to your Account on time or in the correct amount according to these Terms, we will be liable for your losses or damages; however, there are some exceptions. We will not be liable, for instance: (i) if through no fault of ours, you do not have enough funds available in your Account to complete the transaction; (ii) if a merchant refuses to accept your Account; (iii) if access to your Account has been blocked after you reported your Account lost or stolen; (iv) if there is a hold on your funds or your funds in your Account are subject to legal process or other encumbrance restricting their use; (v) if we have reason to believe the requested transaction is unauthorized; (vi) if circumstances beyond our control (such as fire, flood, or computer or communication failure) prevent the completion of the transaction, despite reasonable precautions that we have taken; or (vii) any other exception stated in these Terms excludes us from such liability.

IN THE EVENT THAT WE ARE HELD LIABLE TO YOU, YOU WILL ONLY BE ENTITLED TO RECOVER YOUR ACTUAL DAMAGES AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, SHALL BE FURTHER LIMITED BY THE TOTAL AMOUNT LOADED ON THE ACCOUNT. IN NO EVENT WILL YOU BE ENTITLED TO RECOVER ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY OR SPECIAL DAMAGES (WHETHER IN CONTRACT, TORT OR OTHERWISE), EVEN IF YOU HAVE ADVISED US OF THE POSSIBILITY OF SUCH DAMAGES. THIS PROVISION SHALL NOT BE EFFECTIVE TO THE EXTENT OTHERWISE REQUIRED BY LAW.

10.2 Your Responsibility and Liability for Unauthorized Transfers

Tell us AT ONCE if you believe your Account has been lost, stolen, or if you believe that an electronic funds transfer has been made without your permission. Emailing us at support@blinxPay.com is the best way to minimize your possible losses. You could lose all the money in your Account.

If you notify us within two (2) Business Days after you learn of the loss or theft of your Account, you can lose no more than $50.00 if someone used your Account without your permission. If you do not notify us within two (2) Business Days after you learn of the loss or theft of your Account and we can prove that we could have stopped someone from using your Account without your permission if you had promptly notified us, you could lose as much as $500.00.

Also, if you become aware of and/or your electronic history shows transactions that you did not make, including those made by Account or other means, notify us at once following the procedures stated in Section 10.3. If you do not notify us in writing within sixty (60) days from the earlier of the date you electronically access your Account, provided that the electronic history reflects the transfer, or the date we sent the FIRST written history on which the unauthorized transfer appeared, then you may not get back any money you lost after the sixty (60) days if we can prove that we could have stopped someone from taking the money if you had told us in time.

If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods. If your Account has been lost or stolen, we will deactivate your Account and issue you a new Account to minimize losses.

10.3 Information About Your Rights to Dispute Errors

In case of errors or questions about your electronic transactions, email us at support@blinxPay.com or write to Account Holder Services, 2445 Winnetka Ave. N., Golden Valley, MN 55427 if you think your statement or receipt is wrong or if you need more information about a transaction listed on the statement or receipt. We must allow you to report an error until sixty (60) days after the earlier of the date you electronically access your Account, if the error could be viewed in your electronic history, or the date we sent the FIRST written history on which the error appeared. You may request a written history of your transactions at any time by emailing us at support@blinxPay.com or writing us at Account Holder Services, 2445 Winnetka Ave. N., Golden Valley, MN 55427. You will need to tell us: 1. Your name and Account number; 2. Why you believe there is an error, and the dollar amount involved; 3. Approximately when the error took place.

If you provide this information orally, we may require that you send your complaint or question in writing within ten (10) Business Days. We will determine whether an error occurred within ten (10) Business Days after we hear from you and will correct any error promptly. If we need more time, however, we may take up to forty-five (45) days to investigate your complaint or question. If we decide to do this, we will credit your Account within ten (10) Business Days for the amount you think is in error, so that you will have the use of the money during the time it takes to complete the investigation. If we ask you to put your complaint or question in writing and you do not provide it within ten (10) Business Days, we may not credit your Account. For new Accounts, we may take up to twenty (20) Business Days to credit your Account for the amount you think is in error.

We will tell you the results within three (3) Business Days after completing the investigation. If we decide that there was no error, we will send you a written explanation. Copies of the documents used in the investigation may be obtained by contacting us at the email address or mailing address listed at the beginning of this Section.

11. Chargebacks

By using the Services, you waive the right to file chargebacks through your card issuer for transactions you authorized. Filing false or unauthorized chargebacks may result in account suspension or closure, reporting to credit bureaus, and legal action or debt collection. Chargeback rights relating to the Card are governed by the Cardholder Agreement between you and the Issuing Bank.

12. Communications and ESIGN Consent

12.1 Electronic Communications; ESIGN Consent

By activating and using your Account, Card, or Wallet, you consent to receive communications from us electronically, including by email, in-app notification, and website posting. You agree that electronic signatures, consents, and records have the same legal effect as paper records and handwritten signatures, and that electronic communications from us satisfy any legal requirement that a communication be in writing.

12.2 Notifications

Short Message Service Text Message (“SMS”), E-mail, Mail, Telephone Calls and Prerecorded Telephone Calls (each individually, a “Notification” and collectively, “Notifications”). We would like to send you Notifications about your Account and other matters of interest to you as an Account Holder. By activating your Account and giving us your phone numbers and email address, you agree to receive telephone calls and emails from us regarding your Account and additional products and services offered to you. When you activate your Account and set up your alert notifications when creating your online account, a box will be provided to opt in and agree to receive Notifications from us by pre-recorded telephone calls and SMS text messages regarding your Account. In order to receive SMS text messages, you must have text messaging enabled on your mobile phone and must subscribe to a participating cellular telephone carrier. Standard cellular telephone carrier messaging and data fees may apply. Check with your cellular telephone carrier for more details.

You may advise us that you wish to stop receiving (“opt-out” of) SMS Notifications by texting the word “STOP” to the short code used for the program. You may also opt-out of any Notification method at any time by e-mailing support@blinxPay.com (except as explained below). If you choose to later opt out of receiving Notifications by SMS texts or commercial emails from us, you may receive a confirmation notice confirming your decision to opt-out. You agree that we may send you such confirmations. You also acknowledge that we may send you emails or call you regarding your account, even if you have put your number on a Do Not Call list or have opted out of receiving general commercial email from us. You agree that we shall not be liable for incomplete, lost, late, damaged, illegible, or misdirected Notifications or for any technical problems, malfunctions of any telephone lines, computer systems, servers, providers, hardware/software, lost or unavailable network connections, failed, incomplete, garbled, or delayed transmissions, or damage to any phone or computer system resulting from your participation in or accessing or downloading information in connection with such Notifications.

12.3 Recording and Monitoring

From time to time, in accordance with applicable law, we may monitor and/or record telephone calls between you and us to assure the quality of our customer service or as permitted by applicable law.

13. Suspension, Cancellation, and Expiration

We may cancel or suspend your Account or these Terms at any time, subject to applicable law. You may cancel these Terms by returning the Account to us. Your termination of these Terms will not affect any of our rights or your obligations arising under these Terms prior to termination.

In the event that your Account is cancelled, closed, or terminated for any reason, you may request the unused balance to be returned to you via a check to the mailing address we have in our records. To the extent permitted by applicable law, we reserve the right to refuse to return any unused balance amount less than one dollar ($1.00). We will comply with unclaimed property laws and appropriately engage in escheatment activities as required by state law. If you do not use your Account for an extended period of time, applicable law may require us to report the balance on the Account as unclaimed property. If this occurs, we may try to locate you at the address last shown in our records. If we are unable to locate you, we may be required to deliver any money on your Account to the applicable state as unclaimed property.

Subject to applicable law, you may use or reload your Account only through its expiration date. The expiration date is three (3) years. If there is a balance remaining on the Account upon expiration and your Account is in good standing, the balance will be transferred to a new Account. We may also send you a new Account when your Account expires even if you have no money on your Account, if you have recently used your Account.

14. Changes to These Terms

We may amend or change these Terms at any time, subject to applicable law. We will provide notice of amendments by posting the updated Terms at www.blinxPay.com with a revised effective date, or by other means required by applicable law. Your continued activation or use of the Account, Card, or Wallet after the effective date of any revised Terms constitutes your acceptance of the revised terms.

15. Limitation of Liability

Veritec is not responsible for losses caused by unauthorized access due to your negligence (for example, sharing your passwords or authentication credentials), disputes between you and a merchant, disputes between you and another user, or delays due to banking partners or third-party service outages. Except as otherwise provided in Section 10.1, our total liability is limited to the amount of the transaction in dispute, up to a maximum of $500 USD.

16. Indemnification

You agree to indemnify, defend, and hold harmless Veritec and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or relating to: (i) your use or misuse of the Account, Card, or Wallet; (ii) your violation of applicable law; or (iii) your breach of these Terms. For indemnification obligations relating to the Card, including indemnification running to the Issuing Bank, please refer to the applicable Cardholder Agreement.

17. Intellectual Property

All content, trademarks, logos, service marks, software, and design elements related to the Account, the blinxPay mobile application, and related Services are owned by Veritec or its licensors. You agree not to copy, modify, distribute, create derivative works from, or reverse engineer any such intellectual property without our prior written consent. If you provide us with any suggestions, ideas, comments, or other feedback regarding the Services, we may use such feedback for any purpose without restriction or compensation to you.

18. Force Majeure

We shall not be liable for any failure, interruption, or delay in performance of the Account, Card, or Wallet arising out of or caused by events beyond our reasonable control, including acts of God, natural disasters, war, terrorism, civil unrest or governmental action, changes in law or regulation, sanctions or embargoes, labor disputes, telecommunications or internet service disruptions, power outages, failure of payment networks or banking or Wallet Provider partners, cybersecurity incidents not resulting from our gross negligence or willful misconduct, or pandemics or public health emergencies. Our obligations shall be suspended for the duration of any such event, and such suspension shall not constitute a breach of these Terms.

19. Governing Law

These Terms will be governed by the laws of the State of Minnesota except to the extent governed by federal law.

20. Dispute Resolution and Arbitration

20.1 Purpose

This Arbitration Provision sets forth the circumstances and procedures under which claims (as defined below) may be arbitrated instead of litigated in court.

20.2 Informal Resolution Requirement

Before initiating arbitration, you agree to first provide written notice of the dispute to legal@blinxPay.com describing the nature of the dispute and the relief sought. If we respond within ten (10) business days indicating a willingness to resolve the dispute, both parties agree to engage in good faith discussions for at least thirty (30) days before initiating arbitration.

20.3 Opt-Out Process

You may choose to opt out of this Arbitration Provision, but only by following the process set forth below. If you do not wish to be subject to this Arbitration Provision, then you must notify us in writing within sixty (60) calendar days of the acceptance of your Account at the following address: Account Holder Services, 2445 Winnetka Ave. N., Golden Valley, MN 55427. Your written notice must include your name, address, account number or social security number and a statement that you wish to opt out of this Arbitration Provision.

20.4 Definitions

As used in this Arbitration Provision, the term “Claim” means any claim, dispute or controversy between you and us arising from or relating to the Account or these Terms as well as any related or prior agreement that you may have had with us or the relationships resulting from these Terms, including the validity, enforceability or scope of this Arbitration Provision or these Terms. “Claim” includes claims of every kind and nature, including but not limited to initial claims, counterclaims, cross-claims and third-party claims and claims based upon contract, tort, fraud and other intentional torts, statutes, regulations, common law and equity. The term “Claim” is to be given the broadest possible meaning that will be enforced and includes, without limitation, any claim, dispute or controversy that arises from or relates to (i) your Account; (ii) the amount of available funds in your Account; (iii) advertisements, promotions or oral or written statements related to your Account, goods or services purchased with your Account; (iv) the benefits and services related to your Account; and (v) your enrollment for any Account. We shall not elect to use arbitration under this Arbitration Provision for any Claim that you properly file and pursue in a small claims court of your state or municipality so long as the Claim is individual and pending only in the court.

As used in this Arbitration Provision, the terms “we” and “us” shall for all purposes mean the Issuer, wholly or majority owned subsidiaries, affiliates, licensees, predecessors, successors, and assigns; and all of their agents, employees, directors and representatives. In addition, “we” or “us” shall include any third party using or providing any product, service or benefit in connection with your Account (including, but not limited to merchants who accept the Account, third parties who use or provide services, debt collectors and all of their agents, employees, directors and representatives) if, and only if, such third party is named as a co-party with us (or files a Claim with or against us) in connection with a Claim asserted by you. As solely used in this Arbitration Provision, the terms “you” or “yours” shall mean all persons or entities approved by us to have and/or use the Account, including but not limited to all persons or entities contractually obligated under these Terms.

20.5 Significance of Arbitration

IF ARBITRATION IS CHOSEN BY ANY PARTY WITH RESPECT TO A CLAIM, NEITHER YOU NOR WE WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT OR HAVE A JURY TRIAL ON THAT CLAIM, OR TO ENGAGE IN DISCOVERY EXCEPT AS PROVIDED FOR IN THE CODE OF PROCEDURES OF THE JAMS, OR AAA, AS APPLICABLE (THE “CODE”). FURTHER, YOU WILL NOT HAVE THE RIGHT TO PARTICIPATE IN A REPRESENTATIVE CAPACITY OR AS A MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO ANY CLAIM SUBJECT TO ARBITRATION. EXCEPT AS SET FORTH BELOW, THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING. NOTE THAT OTHER RIGHTS THAT YOU WOULD HAVE IF YOU WENT TO COURT ALSO MAY NOT BE AVAILABLE IN ARBITRATION.

20.6 Class Waiver

If either party elects to resolve a Claim by arbitration, that Claim shall be arbitrated on an individual basis. There shall be no right or authority for any Claims to be arbitrated on a class action basis or on bases involving Claims brought in a purported representative capacity on behalf of the general public, other Account Holders or other persons similarly situated. The arbitrator’s authority to resolve Claims is limited to Claims between you and us alone, and the arbitrator’s authority to make awards is limited to you and us alone. Furthermore, Claims brought by you against us or by us against you may not be joined or consolidated in arbitration with Claims brought by or against someone other than you, unless otherwise agreed to in writing by all parties.

20.7 Effect of Invalidity of Class Waiver

If the prohibition on class or representative arbitration in Section 20.6 is found to be invalid or unenforceable as to a particular Claim, then neither you nor we shall be entitled to arbitrate that Claim, and it shall instead be brought in a court of competent jurisdiction.

20.8 Initiation of Arbitration; Selection of Administrator

Any Claim shall be resolved, upon the election by you or us, by arbitration pursuant to this Arbitration Provision and the code of procedures of the national arbitration organization to which the Claim is referred in effect at the time the Claim is filed. Claims shall be referred to either the Judicial Arbitration and Mediation Services (“JAMS”), or the American Arbitration Association (“AAA”), as selected by the party electing to use arbitration. If a selection by us of one of these organizations is unacceptable to you, you shall have the right within thirty (30) days after you receive notice of our election to select either of the other organizations listed to serve as arbitrator administrator. For a copy of the procedures, to file a Claim or for other information about these organizations, contact them as follows: (i) JAMS at 1920 Main Street, Suite 300, Los Angeles, CA 92614; website at www.jamsadr.com; (ii) AAA at 335 Madison Avenue, New York, NY 10017; website at www.adr.org.

20.9 Arbitration Procedures

This Arbitration Provision is made pursuant to a transaction involving interstate commerce, and shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1-16, as it may be amended (the “FAA”). The arbitration shall be governed by the applicable Code, except that (to the extent enforceable under the FAA) this Arbitration Provision shall control if it is inconsistent with the applicable Code. The arbitrator shall apply applicable substantive law consistent with the FAA and applicable statutes of limitations and shall honor claims of privilege recognized at law and, at the timely request of either party, shall provide a brief written explanation of the basis for the decision. In conducting the arbitration proceeding, the arbitrator shall not apply the Federal or any state rules of civil procedure or rules of evidence. Either party may submit a request to the arbitrator to expand the scope of discovery allowable under the applicable Code. The party submitting such a request must provide a copy to the other party, who may submit objections to the arbitrator with a copy of the objections provided to the request party, within fifteen (15) days of receiving the requesting party’s notice. The granting or denial of such request will be in the sole discretion of the arbitrator who shall notify the parties of his/her decision within twenty (20) days of the objecting party’s submission. The arbitrator shall take reasonable steps to preserve the privacy of individuals, and of business matters. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The arbitrator’s decision will be final and binding, except for any right of appeal provided by the FAA. However, any party can appeal that award to a three-arbitrator panel administered by the same arbitration organization, which shall consider anew any aspect of the initial award objected to by the appealing party. The appealing party shall have thirty (30) days from the date of entry of the written arbitration award to notify the arbitration organization that it is exercising the right of appeal. The appeal shall be filed with the arbitration organization in the form of a dated writing. The arbitration organization will then notify the other party that the award has been appealed. The arbitration organization will appoint a three-arbitrator panel which will conduct an arbitration pursuant to its Code and issue its decision within one hundred twenty (120) days of the date of the appellant’s written notice. The decision of the panel shall be by majority vote and shall be final and binding.

20.10 Location of Arbitration; Payment of Fees

Any arbitration hearing that you attend shall take place in the federal judicial district of your primary residence. At your written request, we will consider in good faith making a temporary advance of all or part of the filing administrative and/or hearing fees for any Claim you initiate as to which you or we seek arbitration. At the conclusion of the arbitration (or any appeal thereof), the arbitrator (or panel) will decide who will ultimately be responsible for paying the filing, administrative and/or hearing fees in connection with the arbitration (or appeal). If and to the extent you incur filing, administrative and/or hearing fees in arbitration, including for any appeal, exceeding the amount they would have been if the Claim had been brought in the state or federal court which is closest to your billing address and would have had jurisdiction over the Claim, we will reimburse you to that extent unless the arbitrator (or panel) determines that the fees were incurred without any substantial justification.

20.11 No Jury Trial

If for any reason a Claim proceeds in court rather than arbitration, both parties knowingly and irrevocably waive any right to a jury trial.

20.12 Confidentiality

All arbitration proceedings, including their existence, content, and outcome, shall be kept confidential except as required to enforce an award or as otherwise required by law.

20.13 Equitable Relief

Notwithstanding the foregoing, we may seek injunctive or equitable relief in any court of competent jurisdiction to protect our intellectual property, confidential information, or security interests.

20.14 Continuation

This Arbitration Provision is binding upon and benefits you, your respective heirs, successors and assigns. This Arbitration Provision is binding upon and benefits us, our successors and assigns, and related third parties. This Arbitration Provision shall survive termination of your Account as well as voluntary payment of any debt in full by you, any legal proceeding by us to collect a debt owed by you, and any bankruptcy by you or us. If any portion of this Arbitration Provision is deemed invalid or unenforceable under any principle or provision of law or equity, consistent with the FAA, it shall not invalidate the remaining portions of this Arbitration Provision, these Terms or any prior agreement you may have had with us, each of which shall be enforceable regardless of such invalidity.

21. General Terms

21.1 Assignment

Your Account and your obligations under these Terms may not be assigned. We may transfer our rights under these Terms. We do not waive our rights by delaying or failing to exercise them at any time. We may assign our rights and obligations under these Terms without restriction, including in connection with a merger, acquisition, corporate reorganization, or sale of assets.

21.2 Address or Name Changes

You are responsible for notifying us of any change in your physical address, mailing address, e-mail address, text message address, or your name no later than two (2) weeks after said change. Any notice of change of address or name required by these Terms may be provided to us by email at support@blinxPay.com, or by mail to: Account Holder Services, 2445 Winnetka Ave. N., Golden Valley MN 55427.

We will attempt to communicate with you only by use of the most recent contact information you have provided to us. You agree that any notice or communication sent to you at an address noted in our records shall be effective unless we have received an address change notice from you.

21.3 Attachment, Garnishment, and Levy

If we receive an order of attachment, garnishment, or levy, we will immediately send you a copy of the order and the name of the creditor and contact person, if any. Veritec Financial Systems, Inc. will cooperate and comply with any court ordered actions. If you have any questions about a creditor’s right to remove funds from your Account, contact your benefit agency or your local legal services organization.

21.4 English Language Controls

Any translation of these Terms is provided for your convenience. The meanings of terms, conditions and representations herein are subject to definitions and interpretations in the English language.

21.5 Entire Agreement

These Terms set forth the entire understanding and agreement between you and us, whether written or oral, with respect to their subject matter and supersede any prior or contemporaneous understandings or agreements with respect to their subject matter. These Terms, together with the Cardholder Agreement, the Wallet Provider’s applicable terms of service, and our Privacy Policy, constitute the entire agreement between you and us regarding the Account, Card, and Wallet. In the event of a conflict between these Terms and the Cardholder Agreement or the Wallet Provider’s terms with respect to the Card or the Non-Custodial Wallet, respectively, the Cardholder Agreement or the Wallet Provider’s terms, as applicable, will control. If any of these Terms are invalid, or declared invalid by order of court, change in applicable law, or regulatory authority, the remaining Terms shall not be affected.

21.6 Third-Party Beneficiaries

Except as expressly provided with respect to the Issuing Bank and the Wallet Provider, nothing in these Terms creates any third-party beneficiary rights in any person or entity that is not a party to these Terms.

21.7 Survival

The following Sections survive termination of these Terms: Section 3.1 (Relationship with the Issuing Bank and Wallet Provider); Section 3.2 (No Investment, Financial, or Fiduciary Advice); Section 11 (Chargebacks); Section 15 (Limitation of Liability); Section 16 (Indemnification); Section 17 (Intellectual Property); Section 18 (Force Majeure); Section 20 (Dispute Resolution and Arbitration); Section 21.4 (English Language Controls); Section 21.5 (Entire Agreement); Section 21.6 (Third-Party Beneficiaries); and any other provisions that by their nature should survive termination or expiration of these Terms.

22. Contact Us

For customer service or additional information regarding your Account, please contact us at the following address: Account Holder Services, 2445 Winnetka Ave. N., Golden Valley, MN 55427, support@blinxPay.com. For legal notices, please contact us at legal@blinxPay.com.

This Account is issued by Veritec Financial Systems, Inc.

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