Book traversal links for Article (29): Transactional Information
Article (29): Transactional Information
2/2024 Effective from 21/8/20241. | In this Article (29), “Payment Token Service Provider” refers to a Licensee or a Registree, with the exception of Registered Foreign Payment Token Issuers. | ||||||||||||
2. | Payment Token Service Providers shall provide Customers with a written or an electronic statement of the Payment Token Transfers initiated, facilitated, effected, directed or received by a Payment Token Service Provider under a Customer Agreement at least once per month free of charge. The statement shall include details of (insofar as relevant) the amounts, fees, charges and commissions, the dates and times of performance and the reference numbers for each Payment Token Transfer. | ||||||||||||
3. | Immediately after the receipt of an instruction for initiation, facilitation, effecting or directing of a Payment Token Transfer, the Payment Token Service Provider of the Payer shall provide a receipt for the Payer with the following information insofar as relevant:
| ||||||||||||
4. | The Payee’s Payment Token Service Provider shall, immediately after receipt of a Payment Token Transfer, provide to the Payee with a statement with the following information insofar as relevant:
| ||||||||||||
5. | The Payer’s Payment Token Service Provider shall ensure that instructions for a Payment Token Transfer are accompanied by the necessary information so that they can be processed accurately and completely, and also, be easily identified, verified, reviewed, audited and for any subsequent investigation if needed. | ||||||||||||
6. | The Payee’s Payment Token Service Provider shall implement procedures to detect when any necessary information is missing or inaccurate for a Payment Token Transfer. |