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October 19, 2023
In light of the regulatory role of this bank with regard to electronic payment services and a reference to Clause (twelve) of the controls for participating in the infrastructure of the retail payment system via cards,
we would like to point out that all banks and electronic payment service providers/collectors must adhere to the controls and instructions issued by This bank includes the customer not paying any commission resulting from financial transactions with stores, stores, professionals, service providers and other private sector entities and facilities via (POS devices and electronic payment gateways).
It is the responsibility of the private sector entities (the merchant) to pay these commissions to the collecting party..
To act accordingly
https://cbi.iq/news/view/2454
October 19, 2023
In light of the regulatory role of this bank with regard to electronic payment services and a reference to Clause (twelve) of the controls for participating in the infrastructure of the retail payment system via cards,
we would like to point out that all banks and electronic payment service providers/collectors must adhere to the controls and instructions issued by This bank includes the customer not paying any commission resulting from financial transactions with stores, stores, professionals, service providers and other private sector entities and facilities via (POS devices and electronic payment gateways).
It is the responsibility of the private sector entities (the merchant) to pay these commissions to the collecting party..
To act accordingly
https://cbi.iq/news/view/2454
