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2.13.7 Statementing

No: BCT/15631 Date(g): 2/5/2012 | Date(h): 11/6/1433 Status: In-Force

The prepaid payment service Operator shall mail or deliver by other means a periodic statement to the merchant relating to prepaid transactions credited to the merchant account. The statement shall disclose the following items:

a.Transactions. A summary of all prepaid payment service transactions, categorised by the charges disclosed in 2.13;
 
b.Charges. A disclosure of the amount itemised and identified by type of any charges debited to the merchant account during the statement cycle;
 
c.Address for notice of statement errors. The address to be used for notice of statement errors.