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Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
A Payment Service Provider which issues Card-Based Payments may request that a Payment Account Service Provider confirms whether an amount necessary for the execution of Payment Transactions related to the provided service is available on the Payment Account of the Payer. Before submitting such a confirmation request, the Payer consent must be provided and the authentication and secure communication requirements set forth by SAMA must be applied.
(2)
A Payment Account Service Provider must immediately, when receiving a request to confirm the availability of funds from the Payment Service Provider, provide the requested confirmation in the form of a ‘yes’ or ‘no’ answer, and in accordance with the following conditions:
(a)
The Payment Account is accessible online when the Payment Account Service Provider receives the request;
(b)
The Payer has given the Payment Account Service Provider in advance consent to provide confirmation in response to such requests by that Payment Service Provider.
(3)
If the Payer so requests, the Payment Account Service Provider must also inform the Payer of the Payment Service Provider which made the request and the provided answer.
(4)
A Payment Account Service Provider must not include with a confirmation provided under this Article a statement of the account balance or block Funds on a Payer’s Payment Account as a result of a request.
(5)
The Payment Service Provider which makes a request under this Article must not store any confirmation received or use the confirmation received for a purpose other than the execution of the Card-Based Payment Transaction for which the request was made.
(6)
This Article does not apply to Payment Transactions initiated through Electronic Money which is stored and executed through Card-Based Payments.
