RESOLUTION OF BOARD OF CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

of March 10, 2021 No. 28/21

About approval of the Regulations on rules of the bank card issue and their address in the territory of the Republic of Uzbekistan

According to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" and "About payments and payment systems" the board of the Central bank of the Republic of Uzbekistan DECIDES:

1. Approve Regulations on rules of the bank card issue and their address in the territory of the Republic of Uzbekistan according to appendix.

2. This resolution becomes effective from the date of its official publication.

Appendix

to the Resolution of Board of the Central bank of the Republic of Uzbekistan of March 10, 2021 No. 28/21

Regulations on rules of the bank card issue and their address in the territory of the Republic of Uzbekistan

This Provision according to the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan" and "About payments and payment systems" determines rules of release by banks of bank cards, their address and implementation of calculations for the performed operations.

Chapter 1. General provisions

1. In this Provision the following basic concepts are used:

authorization - the procedure of receipt of permission of the issuer of bank card to making of transactions with use of bank card by means of telephone, electronic or different way of communication by the rules provided by the payment operator;

system antifrod - set of the processes directed to prevention of fraudulent transactions when implementing payments by means of bank cards;

bank card - the means of payment giving to his holder opportunity of implementation of payments by means of payment infrastructures or receipt of cash or implementation of currency exchange and accomplishment of other transactions established by the issuer of bank card;

issue of bank cards - activities for release into the stream of commerce and provision in use of bank cards;

the holder of bank card - the client or the person authorized by the client, using bank card based on the contract of the client with the issuer or bank extending bank cards;

the ATM - the device allowing the holder of bank card to receive cash and to perform other transactions according to the procedure of self-service, and also creating slip-documents on the executed transactions;

the virtual card - the bank card electronically linked to the main card or to the account which is the means of payment containing the obligatory details of bank card necessary for implementation of payments;

the card account - the bank account, the order by money of which can be performed by means of bank card;

PIN code - the personal identification number of the holder of bank card certifying the order right money on the card account and confirmatory that for the order means it is granted permission by the holder of bank card;

the subject of trade and services industry - the legal entity and (or) physical person performing business activity without formation of legal entity, enabling sales of goods (works, services) by means of bank cards based on the agreement signed with ekvayer;

slip - the document in paper or electronic form (check) confirming making of transactions by means of bank card and containing data on transaction amount, transaction type, transaction date, and also information allowing to identify unambiguously bank card, the terminal or the ATM used when forming this document;

payment system - the complex of the relations of the operator of payment system, members of payment service provider and (or) payment institutes providing implementation of payments by means of interaction through application of procedures, infrastructure and rules of payment system established by the operator of payment system;

the operator of payment system - the legal entity performing activities for ensuring functioning of payment system in the territory of the Republic of Uzbekistan;

the terminal - the device or the software allowing the holder of bank card to perform payment transactions and creating slipa (in paper or electronic form) on committed transactions;

the issuer - the bank performing issue of bank cards, incurring on its own behalf obligations to holders of bank cards and ekvayer on implementation by them is right by calculations with use of bank cards;

acquiring - implementation of settlings with sellers of goods (works, services, etc.) on transactions with use of bank cards, and also cash disbursement of money to the holder of bank card directly in cash desk or via the ATM;

ekvayer - the resident bank performing acquiring.

2. The bank card cannot be used by other person without the permission of the holder of bank card.

The bank card shall be protected from counterfeit and other types of its illegal use.

Effective period of bank card is determined by the rules of payment system established by the operator of payment system.

Chapter 2. Legal regulation of use of bank cards and obligation of members of payment service provider

3. Legal regulation of the relations connected with implementation of issue by banks, servicing and use of bank cards is performed according to this Provision and acts of the legislation, and also rules of payment system and agreements signed between members of payment service provider.

4. Relations between members of payment service provider are regulated by this Provision, other acts of the legislation, and also agreements and rules of payment system signed according to them.

Resident banks of the Republic of Uzbekistan have the right to be members of domestic, international and foreign payment service providers.

Resident banks of the Republic of Uzbekistan are members of payment service providers, apply the standards established by the relevant payment service provider when implementing issue of bank cards, their servicing and accomplishment of transactions if other is not established by the legislation of the Republic of Uzbekistan.

5. Members of payment service provider shall:

follow established procedure and rules of issue, servicing and implementation of calculations for transactions with use of bank cards in the territory of the Republic of Uzbekistan;

provide security measures for the purpose of the prevention of cases of illegal use of bank cards;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info