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Here is detailed information on the reported new systems for the settlement of bank accounts by the Central Bank .... Thanks to deniscanada I had mentioned the relationship of this system to POS purchases and the linking up in real time of ATM transactions...Optical translations are rough but ....enjoy
(E-payment system for funds) ON CBI SITE: OCR Translation
Page 1
Asntada to the provisions of article albetd rthaltha) t 0 8) of the Constitution and article 27 of the law on electronic signature
Transactions alalczesonet # ^ 78 for him in 2012.
Issued the following order; ~
2/we shall take/t 20 t
* M
Electronic funds payment services
JjVIJu&JI
/Samref
Article. 1. The following terms shall mean for the purposes of these rules, her opposite meanings ~ a 3. World Bank: Central Bank of Iraq.
Nania. الادارؤ v Council Council condemnation of the Iraqi Central Bank 1.
III. payment services provider I lalkensoni: alaekhs who carried a license from Bank
To provide electronic payment services.
IV. electronic payment services agent t alsachs entitled alasaroni payment services provider to provide and facilitate the implementation of payments.
VA h electronic payment system: a group of aloaed and raw procedures and rules to transfer funds between the raised in order that the transfer of funds through the use of alputih to payment systems.
VI. electronic payment system operator with the technical operations of the tthghabl payment system
الالكتروني•
VII. Electronic payment order: the order of the payer or payee to the payment service provider requesting the tvbez payment transaction.
Nasha-agent service provider demanded Latvian foreign payment service provider by sending and receiving the loyalists in Iraq finance wekhangh without maintaining bodana to customers.
Page 2
Shatat ndemat e-payment rule. 2 ■ the electronic payment services activities also comes t ~ first. Payment tools version 1 latktzoni of funds.
II. Management of deposits walmhoiat cash through ATMs and POS.
Thalaea. Implementation of payment azektroni debit and credit funds are guaranteed by the credit limit for online payment services user.
IV "implementation of electronic payments, creditor and debtor by any means of communication or any means of information technology or network operator acting as an intermediary between the payment service and served with the goods or services or any recipient of funds include altsablat on mobile. daniaq
VA. Implementation of on-line payments total alzha system real-time or little
Disciple of the financial or automated clearing house system.
Mmsal/seth
Menms engage in electronic payment services
Article. 3 ■ 17 ■ V may pursue payment service amhasaroni only bshkhis from the Bank.
II. The Bank modify aldakhis by adding online payment service provided for collapse in the system, or change the type of service upon the request of Licensor, collapsing the House amendment in magazines.
Article. 4. Yaetrt in a lalksoni payment service provider for terms of verse; ' first. Be a legal entity.
II. To have technical and organizational almhalat for system Elbe allanma of internal wadargh akdkik controls the risks related to the operation of the وادابئ system.
Nthalaea. to lalarf the system technically qualified persons, governed from janaabah or wekir gnmaa dishonourable.
Page 3
IV • access criteria must be safe and regulations do not discriminate between system users. VA ▪ there should be a asshraret service webtwafrih high VI • the fixed work location is known lmmarbeh activity balmkhibs VII. An economic feasibility study.
VIII, young and financial requirements are met to participate in the electronic payment system
1 memory.
IX. measures to reduce the risk of the system and the management of this scarce
Risks.
Lived. Measures for developing and protecting processes 1 electronic and store operations almarita order against disclosure or misuse, damage, or loss or tenderness.
Hady was found. Ensure that the Bank's electronic payment services provider user electronic funds directly for the purpose of supervision and control.
XII. non-stop activity authorized or integration with other
Or waiver or pound of alshvis to others during the term carried only after amthasal approval of alpaca.
Article. 5. Must yshamn request alshkhis what comes t "
Certified sustainable logging companies.
II. The name of the estate and title.
III the name of almghazeir llshankh, a Commissioner from the founders and big o wegnsianhm and addresses
Permanent.
Driven. Title or lease the building of td-based llmaerkh. VA • capital determined by the Bank from time to time.
Page 4
VI. Alaetsadih feasibility study requirements include the following: —
N. The plan of action and speculative llmnwat initial three Maronites that will bemmgbha the system.
B. objective of incorporation.
C. Service to be performed by.
Dr. alkaka operational.
E. A contingency plan for any unforeseen circumstances.
VII. Zdarh actions and grid risks that may face service provider.
VIII. الاجؤءات that are used to protect payment service users funds, including the establishment of separate accounts for the funds.
IX. Licence fees for the Lord under under mtfez for dlhek gross settlement system (RTGS a as determined by; the Bank,
X.. Zayed the competent authorities in the absence of a security barrier would prevent grant of license.
Article. 6. First. To the requirements of ntwavr collapse in article 4 of this regulation that apply to the Bank in accordance with regret the form prepared for this alghartes for licensing pay service I lalkensoni with balmstdath and data stated in article (e)
Of this regulation,
▪ II. The Council shall decide a request لادارؤ khash (6) 60 days from the date of submission,
Alrm is determined during this time as a rejection of the request.
Salata. If there is a lack of requirements on the applicant completed during the period latnid at thirty (30) days from the date of service on the shortcomings and reverse tsaria threatened request void.
IV. Cheap Bank issued in accordance with the form prepared for that purpose.
Article. "7.. The duration of effectiveness of altrkhates) five years.
TAA aldakhids may be renewed at the request of the payment service provider regrets alalhel "of the area. .
To the Bank within ninety (90) days prior to aaethaa a alnskhis.
Page 5
II. the Bank shall decide on the request by (6) 60 days from the request in skrtanet proficient nankh Council الادارؤ salata. Non-bank demand within the period laid down in the regulation of folded II a of this article as a rejection of the request.
Article. 8. First. The World Bank stop working balshkobbs in any of the verse.
■ Failure of the provider of electronic payment services payment 1 lalketronthi by t 0 8 1 a and eighty days from the tamkh alshghis.
B ▪ prevention of electronic payment service provider mimzy Bank entry into premises for inspection or trkolh work.
C. violation of laws or regulations or instructions or related commands.
D ■ fsl old service standards and specifications spent or ziha quality of the services provided by him.
H. service lasdker! threatening freedom of electronic payment system.
And users of the affected جؤء. service.
II. On your cancellation alshkhis in any of the following cases
A. the Manager or owner, Imke a felony or a misdemeanour prejudicial to honour.
B. electronic payment service provider request cancellation of license 0 c. Stop payment on meanness provider doing business for more than collapse (30)
30 days.
D. loss of any of the conditions for granting almkhils shust.
E. A provider of electronic payment alshkis collapsible agility through forged papers, or any other illegal tutti.
3jLe.I1 . 9. i. a licence holder with decision aivav work bamkhis or cancelled at the ادارئ company, Manager of the battle or one of the partners, as the case may be or the mills alaamlerr ' a
In the company.
Page 6
ثانيا— upon delivery of the paper to the required notice is taken of its signature or thumbprint scientific recognition in the second version of the paper-based reporting with patch her statement
Mikh reporting.
Thalaea. If the required notice is the most enjoyable Groove of alorfh or from valid existing service is notified, witnesses to abstinence frees explanation proves it and log the mikh, time and place of an abstinence and signed with the witnesses almalomi identity.
Labaa. The Bank announced the suspension or cancellation of krara aldakhis in the electronic board for this purpose.
Chapter IV agents dalai shedt services/MUNSHI
Article ■ 10. Not be handling foreign remittance services agency except with the consent of the Bank. Article 11. First. A request is submitted for approval by the World Bank for handling services agency urged foreign workers according to the World Bank model for this purpose.
II. The Bank shall decide on the request by t 0 6) years days _ date submitted, is no action during this period, a rejection of the request.
Thalka. Approval in accordance with the model drawn up by the Bank and be effective for a period of five years) 4-renewable at the request of the owner of alataqa.
IV. The Bank determines the remuneration of the approval,
Article 12. First. For SQL Server alhollat a foreigner set agents to work in Iraq under the Agency provided to the Bank.
Tanya-proxy is committed to dealing with banks and companies resolved from the Bank under the conventions prepared for this alghorbani with the consent of the Bank.
Talita. Meet the agent to provide any information or bekarir Bank ytalbhn bank financial transactions attached to the apartment.
Page 7
IV. bank remittance service provider agent people deal with any bank or company for which he deems necessary.
VA. To link the f h approval for its entry into force, to be communicated to the agent by t 0 3)
30 days at least.
VI. the agent service provider demanded Latvian foreign measures to reduce money mule operations and full control over financial transfers.
Chapter محنئ MES
Supervision and control
Article 3 1 0 — first under lasnav Bank services electronic payment systems and providers walmtharkine and card issuers.
II. the provider of electronic payment and mutism participants and any third party providing information and data and any acts that affect or prevent a reference _ raza walrkaa _ and cooperation as deemed necessary to accomplish the task of supervision and control of the Bank,
III. The Bank's cooperation with institutions in States 1 for other llashan and control systems and electronic payment systems services and any entities or international organizations and foreign missions are similar. And request and exchange information with organizations that perform functions 1 control
Under an agreement between the الطرفين•
IV. Lmmetli bank payment service provider premises inspection only 1 kzezozei anhamam with his supervisor over standards and policy oversight of payment systems only 1 czezozi.
Khasa. To access the Bank system of electronic payment service providers whenever they need to.
The authorized access when alathkhas data protection walaltzam the principle of professional almaea.
VI. World Bank to provide regulatory authorities in another country with information that got folded 12 h for process control and supervision in accordance with the principles that develop on information protection for 1 year and that corroborates the principle of not using mother llavezadni that were folded which give that information.
Page 8
Chapter 6//records
5.4 n. Ott. Ymest llshasin bow wokhalhm broadcast include teh service provider name and the proxy address, werfm and _ altrkhihas issue date and type of service screening of alsaks, and penalties. Wemikh license waltghabilat access to payment service provider alalhenzoni.
II. ythom Council on the principle of openness, the relevant authorities may request access to its contents and obtain a certified copy of such content.
III. The record is published on the official website and it happens constantly.
Article 15. Is operator of electronic payment system and electronic payment service provider or agents maintain journals relevant to the operational and administrative functions over a period of five years of piss رءا aaethaa amkhis.
Freckle VII
Obligations of the payment service provider
Article 16.-first • electronic payment services provider is as follows
A. kvase settlement operations through real-time gross settlement system.
B. provide bootable anilmh alzebadli and Deuteronomy that standards of the Bank.
C. provide the Bank measures and procedures allanma and according to the anti-money laundering Act.
D. Developing appropriate measures to protect the confidentiality of amenbh and penetration protection
r
Records and information customers based on international laws and the best the promise and
Review دسا■
H. establish procedures that work accross the agents and points of sale.
F. Run payment system kabir on a shkenh of altahmh in an effective and stable performance in the financial system and that is in line with international best retardants walmaaibr mm
Page 9
On the electronic payment systems sent her principles of financial market infrastructure الصادرؤ akoiat International Bank.
G. Amkal electronic payment services for الخادرؤ standards and instructions of the Bank.
H. Adopt appropriate regulatory measures to reduce the risk of losing or under nkomn or related assets.
Y. erbal's class: ikenzoni payment services accounts data to the Bank favouring his seas on
The consolidated budget that came with it in the event of online payment services provider to other non-electronic payment services vinogb herewith.
K. Provide the Bank with the requested data and information for submission of electronic payment services and comply with requirements which go her bank.
L. Determine the appropriate means of access to the electronic system used electronic payment complete recitation provider directly for the purpose of supervision and control.
M.. database of customers.
Tanba • payment service provider committed to alalhtzoni via mobile phone to come; "
N. The knowledges under collapsed item t; walaa from this article.
B. Compensation agreements with operators of mobile phone networks and the old copy to the Bank.
C ■ payment process within the race in national currency.
D. Shola accounts through the RTGS system or do special settlement msova guarantor if there a little bank account
Kusch asan
وكلاءضربي ends of electronic payment article 17. First. Electronic payment service provider to a third party in performing services for customers
II. khzemh payment provider offers a electronic information for the agents to the Bank in accordance with the model set up a purpose together with documents and the data alaeh ~
Page 9
N. Name and address of the agent.
B. internal oversight baht description used by agents. C. a description of the services provided by the agent. D. Any information the Bank may deem necessary thoroughly;.
III. Insert name of the agent in the register of the Bank's action is available to the public.
Driven by service provider shall – notice the Bank to set foot on the proxy
Article 18: eliminates the power of Attorney provided for in article (7 1 a of the system
In ahadii cases alamhan; "
1. no judgment is folding the proxy for a felony or misdemeanor charge. II. Building collapse a request from the service provider provides to the Bank.
Article, 9 1. She comply with you cancel the power of Attorney in any of the following cases.
First ■ no proxy for the information required by the Bank.
II ▪ ineligibility proxy llaeam the work entrusted to us at inspection reports or althathiaeh problem commissions for this purpose.
Salata. Contrary to laws or alatma or instructions or orders.
Chapter IX
7 * 191 i. stabia the push the electronic
Article ■ • 2 • on electronic payment service provider as follows: "•
First. Inform the neon in advance the maximum execution time of payment a/tsaroni.
II. Provide almalomabi, next to the payee. "
N. 1 for number of migraine and dormant information motivation and his father information associated with the treatment of electronic payment and transaction currency electronic payment account where the applicant
Amount.
B. The exchange rate used by the payment service provider and the amount of wages
Electronic payment transaction before the rgraa process,
Page 10
C – due date of the payment alalksoni value.
Article 21-first. The payment order received at the time of the receipt of payment to mbasrh or VBR مباشرئ of motive.
II. If the time of receipt of a payment order for a days work of electronic payment service provider it is succeeding epoch as a first order on the next business day.
ئالئا-electronic payment service provider to specify a time for the end of the working day and each electronic payment orders received after this time are the first orders shalmh to the next business day.
Article. 22. my electronic payment service provider in the event of refusal to perform the payment asmctroni to inform
The user has come; '
. Causes of alriboud.
II. Corrective actions for errors that led to the rejection.
Article. 23. I may not of electronic payment service user withdraw payment after receiving the order. Provider payment scam.
II. No motive in the case of direct debit electronic payment order to withdraw after the end of the business day preceding the day of approval. discount funds.
Article 24. -The payment of wages deducted from client to service provider of electronic payment and distribution
The almarita system as issuer, acquirer and operator of electronic payment system, and officers of the Bank.
II. Online payment service providers to make sure the process of migration and not dipped p
Any fees from the amount transferred, except in the cases provided for in item folded رثالناءا of this article.
III. May be agreed between the payer and the payment service provider of the electronic payment service provider baskataa wages from the amount transferred before being recorded in the beneficiary's account, provided the amount of the payment order alzi; lalkenroni and the amount of wages in the information given to the motivation.
Page 11
For Chapter 7 router contract to spread electronic payment rule. 25. The tawd service as follows:-
I. المستمرؤ service and tawd contracts governing payment services will pass; llziaen, include the following:
A. service provider name.
B the address and contact information for the Office providers khelmh edais electronic payment. Or the old service.
C. Controls for electronic payment service providers including rasem date alrthkhsh from Bank 0 d, described the appointments of electronic payment service to be provided.
E • wages paid by linking service.
And information to be submitted in color in order to realized request payment.
G. information on protection measures and mechanisms of correction in case of an error.
H. duration of the contract.
I. maximum approved electronic payment services.
The methods of interest calculation and the changes thereto.
K _ means a mutually agreed between a folded latmal t _ the parties for the purpose of communicating information; Or alathaadat.
M. guarantees of fair use of the service.
II. Alkhednh almenmdh and contracts are contracts governing the use of the service once and include the
Come;-
N. Sender information walmnaslm, amount, date, time, and is inserted بالاسشارؤ payment ordering.
Page 12
B the maximum time to complete the process.
ح• wages •
D. Exchange rate,
Mmsal first evil
Collar s
Article 26 ▪ electronic payment service provider complies with the following
First inform neon on rights and obligations including billboards at the entrance to the company.
II. Ensure compensation in the case of corrosive material alzion remittances for the period agreed upon, collapsed.
Tulsa. Ensure that the customer's material be Tamils lost or narrative hook his negligence or mismanagement.
The second evil Freckle
/Mtshmh
Article. 27. You must provide money and guarantees allanma in the Bank, and that such funds or securities available for immediate settlement purposes as Dragon controls established by the Bank.
Article. 28. Transactions that are completed maeastha and resolution through real time gross settlement system and the automated clearing house system wetam financial Terminal filing nashak wetam benefit baltgzet; hetaih and may be irreversible.
Chapter djjllll akomr atam public
Article 29. First 0.. Electronic payment services provider appointed auditor approved by the Board of control and auditing profession to a folding رءا five years and with the consent of the Bank.
II. On the contrary, the Bank notified the accounts comes; —
N. Violation of electronic payment service provider for the lantern and waltaaymat systems and commands with UNESCO's 1st almoza electronic payment service.
Page 13
B. Any information the Bank to determine the extent of chicken's alnkha email service provider وامتمراؤ obligations.
J. echo matching lists of accounting standards.
D. Any information required by the Bank in respect of the service.
Article. 0 3. i. electronic payment services provider alashmak miashnh the PBX or the d 1 onto the agent
Address mrkhls from the Bank, or through foreign sniff.
II • electronic payment service provider asshar part of his money in liquid assets faithful with the consent
The Bank put the assets in a separate account.
III. The payment service provider shall be subject alalksoni for voluntary liquidation or foreground.
Article 31. this system of prose? In the appointment, calling.
[url=http://www.cbi.iq/documents/E-payment system for funds.pdf][You must be registered and logged in to see this link.] for funds.pdf[/url]
(E-payment system for funds) ON CBI SITE: OCR Translation
Page 1
Asntada to the provisions of article albetd rthaltha) t 0 8) of the Constitution and article 27 of the law on electronic signature
Transactions alalczesonet # ^ 78 for him in 2012.
Issued the following order; ~
2/we shall take/t 20 t
* M
Electronic funds payment services
JjVIJu&JI
/Samref
Article. 1. The following terms shall mean for the purposes of these rules, her opposite meanings ~ a 3. World Bank: Central Bank of Iraq.
Nania. الادارؤ v Council Council condemnation of the Iraqi Central Bank 1.
III. payment services provider I lalkensoni: alaekhs who carried a license from Bank
To provide electronic payment services.
IV. electronic payment services agent t alsachs entitled alasaroni payment services provider to provide and facilitate the implementation of payments.
VA h electronic payment system: a group of aloaed and raw procedures and rules to transfer funds between the raised in order that the transfer of funds through the use of alputih to payment systems.
VI. electronic payment system operator with the technical operations of the tthghabl payment system
الالكتروني•
VII. Electronic payment order: the order of the payer or payee to the payment service provider requesting the tvbez payment transaction.
Nasha-agent service provider demanded Latvian foreign payment service provider by sending and receiving the loyalists in Iraq finance wekhangh without maintaining bodana to customers.
Page 2
Shatat ndemat e-payment rule. 2 ■ the electronic payment services activities also comes t ~ first. Payment tools version 1 latktzoni of funds.
II. Management of deposits walmhoiat cash through ATMs and POS.
Thalaea. Implementation of payment azektroni debit and credit funds are guaranteed by the credit limit for online payment services user.
IV "implementation of electronic payments, creditor and debtor by any means of communication or any means of information technology or network operator acting as an intermediary between the payment service and served with the goods or services or any recipient of funds include altsablat on mobile. daniaq
VA. Implementation of on-line payments total alzha system real-time or little
Disciple of the financial or automated clearing house system.
Mmsal/seth
Menms engage in electronic payment services
Article. 3 ■ 17 ■ V may pursue payment service amhasaroni only bshkhis from the Bank.
II. The Bank modify aldakhis by adding online payment service provided for collapse in the system, or change the type of service upon the request of Licensor, collapsing the House amendment in magazines.
Article. 4. Yaetrt in a lalksoni payment service provider for terms of verse; ' first. Be a legal entity.
II. To have technical and organizational almhalat for system Elbe allanma of internal wadargh akdkik controls the risks related to the operation of the وادابئ system.
Nthalaea. to lalarf the system technically qualified persons, governed from janaabah or wekir gnmaa dishonourable.
Page 3
IV • access criteria must be safe and regulations do not discriminate between system users. VA ▪ there should be a asshraret service webtwafrih high VI • the fixed work location is known lmmarbeh activity balmkhibs VII. An economic feasibility study.
VIII, young and financial requirements are met to participate in the electronic payment system
1 memory.
IX. measures to reduce the risk of the system and the management of this scarce
Risks.
Lived. Measures for developing and protecting processes 1 electronic and store operations almarita order against disclosure or misuse, damage, or loss or tenderness.
Hady was found. Ensure that the Bank's electronic payment services provider user electronic funds directly for the purpose of supervision and control.
XII. non-stop activity authorized or integration with other
Or waiver or pound of alshvis to others during the term carried only after amthasal approval of alpaca.
Article. 5. Must yshamn request alshkhis what comes t "
Certified sustainable logging companies.
II. The name of the estate and title.
III the name of almghazeir llshankh, a Commissioner from the founders and big o wegnsianhm and addresses
Permanent.
Driven. Title or lease the building of td-based llmaerkh. VA • capital determined by the Bank from time to time.
Page 4
VI. Alaetsadih feasibility study requirements include the following: —
N. The plan of action and speculative llmnwat initial three Maronites that will bemmgbha the system.
B. objective of incorporation.
C. Service to be performed by.
Dr. alkaka operational.
E. A contingency plan for any unforeseen circumstances.
VII. Zdarh actions and grid risks that may face service provider.
VIII. الاجؤءات that are used to protect payment service users funds, including the establishment of separate accounts for the funds.
IX. Licence fees for the Lord under under mtfez for dlhek gross settlement system (RTGS a as determined by; the Bank,
X.. Zayed the competent authorities in the absence of a security barrier would prevent grant of license.
Article. 6. First. To the requirements of ntwavr collapse in article 4 of this regulation that apply to the Bank in accordance with regret the form prepared for this alghartes for licensing pay service I lalkensoni with balmstdath and data stated in article (e)
Of this regulation,
▪ II. The Council shall decide a request لادارؤ khash (6) 60 days from the date of submission,
Alrm is determined during this time as a rejection of the request.
Salata. If there is a lack of requirements on the applicant completed during the period latnid at thirty (30) days from the date of service on the shortcomings and reverse tsaria threatened request void.
IV. Cheap Bank issued in accordance with the form prepared for that purpose.
Article. "7.. The duration of effectiveness of altrkhates) five years.
TAA aldakhids may be renewed at the request of the payment service provider regrets alalhel "of the area. .
To the Bank within ninety (90) days prior to aaethaa a alnskhis.
Page 5
II. the Bank shall decide on the request by (6) 60 days from the request in skrtanet proficient nankh Council الادارؤ salata. Non-bank demand within the period laid down in the regulation of folded II a of this article as a rejection of the request.
Article. 8. First. The World Bank stop working balshkobbs in any of the verse.
■ Failure of the provider of electronic payment services payment 1 lalketronthi by t 0 8 1 a and eighty days from the tamkh alshghis.
B ▪ prevention of electronic payment service provider mimzy Bank entry into premises for inspection or trkolh work.
C. violation of laws or regulations or instructions or related commands.
D ■ fsl old service standards and specifications spent or ziha quality of the services provided by him.
H. service lasdker! threatening freedom of electronic payment system.
And users of the affected جؤء. service.
II. On your cancellation alshkhis in any of the following cases
A. the Manager or owner, Imke a felony or a misdemeanour prejudicial to honour.
B. electronic payment service provider request cancellation of license 0 c. Stop payment on meanness provider doing business for more than collapse (30)
30 days.
D. loss of any of the conditions for granting almkhils shust.
E. A provider of electronic payment alshkis collapsible agility through forged papers, or any other illegal tutti.
3jLe.I1 . 9. i. a licence holder with decision aivav work bamkhis or cancelled at the ادارئ company, Manager of the battle or one of the partners, as the case may be or the mills alaamlerr ' a
In the company.
Page 6
ثانيا— upon delivery of the paper to the required notice is taken of its signature or thumbprint scientific recognition in the second version of the paper-based reporting with patch her statement
Mikh reporting.
Thalaea. If the required notice is the most enjoyable Groove of alorfh or from valid existing service is notified, witnesses to abstinence frees explanation proves it and log the mikh, time and place of an abstinence and signed with the witnesses almalomi identity.
Labaa. The Bank announced the suspension or cancellation of krara aldakhis in the electronic board for this purpose.
Chapter IV agents dalai shedt services/MUNSHI
Article ■ 10. Not be handling foreign remittance services agency except with the consent of the Bank. Article 11. First. A request is submitted for approval by the World Bank for handling services agency urged foreign workers according to the World Bank model for this purpose.
II. The Bank shall decide on the request by t 0 6) years days _ date submitted, is no action during this period, a rejection of the request.
Thalka. Approval in accordance with the model drawn up by the Bank and be effective for a period of five years) 4-renewable at the request of the owner of alataqa.
IV. The Bank determines the remuneration of the approval,
Article 12. First. For SQL Server alhollat a foreigner set agents to work in Iraq under the Agency provided to the Bank.
Tanya-proxy is committed to dealing with banks and companies resolved from the Bank under the conventions prepared for this alghorbani with the consent of the Bank.
Talita. Meet the agent to provide any information or bekarir Bank ytalbhn bank financial transactions attached to the apartment.
Page 7
IV. bank remittance service provider agent people deal with any bank or company for which he deems necessary.
VA. To link the f h approval for its entry into force, to be communicated to the agent by t 0 3)
30 days at least.
VI. the agent service provider demanded Latvian foreign measures to reduce money mule operations and full control over financial transfers.
Chapter محنئ MES
Supervision and control
Article 3 1 0 — first under lasnav Bank services electronic payment systems and providers walmtharkine and card issuers.
II. the provider of electronic payment and mutism participants and any third party providing information and data and any acts that affect or prevent a reference _ raza walrkaa _ and cooperation as deemed necessary to accomplish the task of supervision and control of the Bank,
III. The Bank's cooperation with institutions in States 1 for other llashan and control systems and electronic payment systems services and any entities or international organizations and foreign missions are similar. And request and exchange information with organizations that perform functions 1 control
Under an agreement between the الطرفين•
IV. Lmmetli bank payment service provider premises inspection only 1 kzezozei anhamam with his supervisor over standards and policy oversight of payment systems only 1 czezozi.
Khasa. To access the Bank system of electronic payment service providers whenever they need to.
The authorized access when alathkhas data protection walaltzam the principle of professional almaea.
VI. World Bank to provide regulatory authorities in another country with information that got folded 12 h for process control and supervision in accordance with the principles that develop on information protection for 1 year and that corroborates the principle of not using mother llavezadni that were folded which give that information.
Page 8
Chapter 6//records
5.4 n. Ott. Ymest llshasin bow wokhalhm broadcast include teh service provider name and the proxy address, werfm and _ altrkhihas issue date and type of service screening of alsaks, and penalties. Wemikh license waltghabilat access to payment service provider alalhenzoni.
II. ythom Council on the principle of openness, the relevant authorities may request access to its contents and obtain a certified copy of such content.
III. The record is published on the official website and it happens constantly.
Article 15. Is operator of electronic payment system and electronic payment service provider or agents maintain journals relevant to the operational and administrative functions over a period of five years of piss رءا aaethaa amkhis.
Freckle VII
Obligations of the payment service provider
Article 16.-first • electronic payment services provider is as follows
A. kvase settlement operations through real-time gross settlement system.
B. provide bootable anilmh alzebadli and Deuteronomy that standards of the Bank.
C. provide the Bank measures and procedures allanma and according to the anti-money laundering Act.
D. Developing appropriate measures to protect the confidentiality of amenbh and penetration protection
r
Records and information customers based on international laws and the best the promise and
Review دسا■
H. establish procedures that work accross the agents and points of sale.
F. Run payment system kabir on a shkenh of altahmh in an effective and stable performance in the financial system and that is in line with international best retardants walmaaibr mm
Page 9
On the electronic payment systems sent her principles of financial market infrastructure الصادرؤ akoiat International Bank.
G. Amkal electronic payment services for الخادرؤ standards and instructions of the Bank.
H. Adopt appropriate regulatory measures to reduce the risk of losing or under nkomn or related assets.
Y. erbal's class: ikenzoni payment services accounts data to the Bank favouring his seas on
The consolidated budget that came with it in the event of online payment services provider to other non-electronic payment services vinogb herewith.
K. Provide the Bank with the requested data and information for submission of electronic payment services and comply with requirements which go her bank.
L. Determine the appropriate means of access to the electronic system used electronic payment complete recitation provider directly for the purpose of supervision and control.
M.. database of customers.
Tanba • payment service provider committed to alalhtzoni via mobile phone to come; "
N. The knowledges under collapsed item t; walaa from this article.
B. Compensation agreements with operators of mobile phone networks and the old copy to the Bank.
C ■ payment process within the race in national currency.
D. Shola accounts through the RTGS system or do special settlement msova guarantor if there a little bank account
Kusch asan
وكلاءضربي ends of electronic payment article 17. First. Electronic payment service provider to a third party in performing services for customers
II. khzemh payment provider offers a electronic information for the agents to the Bank in accordance with the model set up a purpose together with documents and the data alaeh ~
Page 9
N. Name and address of the agent.
B. internal oversight baht description used by agents. C. a description of the services provided by the agent. D. Any information the Bank may deem necessary thoroughly;.
III. Insert name of the agent in the register of the Bank's action is available to the public.
Driven by service provider shall – notice the Bank to set foot on the proxy
Article 18: eliminates the power of Attorney provided for in article (7 1 a of the system
In ahadii cases alamhan; "
1. no judgment is folding the proxy for a felony or misdemeanor charge. II. Building collapse a request from the service provider provides to the Bank.
Article, 9 1. She comply with you cancel the power of Attorney in any of the following cases.
First ■ no proxy for the information required by the Bank.
II ▪ ineligibility proxy llaeam the work entrusted to us at inspection reports or althathiaeh problem commissions for this purpose.
Salata. Contrary to laws or alatma or instructions or orders.
Chapter IX
7 * 191 i. stabia the push the electronic
Article ■ • 2 • on electronic payment service provider as follows: "•
First. Inform the neon in advance the maximum execution time of payment a/tsaroni.
II. Provide almalomabi, next to the payee. "
N. 1 for number of migraine and dormant information motivation and his father information associated with the treatment of electronic payment and transaction currency electronic payment account where the applicant
Amount.
B. The exchange rate used by the payment service provider and the amount of wages
Electronic payment transaction before the rgraa process,
Page 10
C – due date of the payment alalksoni value.
Article 21-first. The payment order received at the time of the receipt of payment to mbasrh or VBR مباشرئ of motive.
II. If the time of receipt of a payment order for a days work of electronic payment service provider it is succeeding epoch as a first order on the next business day.
ئالئا-electronic payment service provider to specify a time for the end of the working day and each electronic payment orders received after this time are the first orders shalmh to the next business day.
Article. 22. my electronic payment service provider in the event of refusal to perform the payment asmctroni to inform
The user has come; '
. Causes of alriboud.
II. Corrective actions for errors that led to the rejection.
Article. 23. I may not of electronic payment service user withdraw payment after receiving the order. Provider payment scam.
II. No motive in the case of direct debit electronic payment order to withdraw after the end of the business day preceding the day of approval. discount funds.
Article 24. -The payment of wages deducted from client to service provider of electronic payment and distribution
The almarita system as issuer, acquirer and operator of electronic payment system, and officers of the Bank.
II. Online payment service providers to make sure the process of migration and not dipped p
Any fees from the amount transferred, except in the cases provided for in item folded رثالناءا of this article.
III. May be agreed between the payer and the payment service provider of the electronic payment service provider baskataa wages from the amount transferred before being recorded in the beneficiary's account, provided the amount of the payment order alzi; lalkenroni and the amount of wages in the information given to the motivation.
Page 11
For Chapter 7 router contract to spread electronic payment rule. 25. The tawd service as follows:-
I. المستمرؤ service and tawd contracts governing payment services will pass; llziaen, include the following:
A. service provider name.
B the address and contact information for the Office providers khelmh edais electronic payment. Or the old service.
C. Controls for electronic payment service providers including rasem date alrthkhsh from Bank 0 d, described the appointments of electronic payment service to be provided.
E • wages paid by linking service.
And information to be submitted in color in order to realized request payment.
G. information on protection measures and mechanisms of correction in case of an error.
H. duration of the contract.
I. maximum approved electronic payment services.
The methods of interest calculation and the changes thereto.
K _ means a mutually agreed between a folded latmal t _ the parties for the purpose of communicating information; Or alathaadat.
M. guarantees of fair use of the service.
II. Alkhednh almenmdh and contracts are contracts governing the use of the service once and include the
Come;-
N. Sender information walmnaslm, amount, date, time, and is inserted بالاسشارؤ payment ordering.
Page 12
B the maximum time to complete the process.
ح• wages •
D. Exchange rate,
Mmsal first evil
Collar s
Article 26 ▪ electronic payment service provider complies with the following
First inform neon on rights and obligations including billboards at the entrance to the company.
II. Ensure compensation in the case of corrosive material alzion remittances for the period agreed upon, collapsed.
Tulsa. Ensure that the customer's material be Tamils lost or narrative hook his negligence or mismanagement.
The second evil Freckle
/Mtshmh
Article. 27. You must provide money and guarantees allanma in the Bank, and that such funds or securities available for immediate settlement purposes as Dragon controls established by the Bank.
Article. 28. Transactions that are completed maeastha and resolution through real time gross settlement system and the automated clearing house system wetam financial Terminal filing nashak wetam benefit baltgzet; hetaih and may be irreversible.
Chapter djjllll akomr atam public
Article 29. First 0.. Electronic payment services provider appointed auditor approved by the Board of control and auditing profession to a folding رءا five years and with the consent of the Bank.
II. On the contrary, the Bank notified the accounts comes; —
N. Violation of electronic payment service provider for the lantern and waltaaymat systems and commands with UNESCO's 1st almoza electronic payment service.
Page 13
B. Any information the Bank to determine the extent of chicken's alnkha email service provider وامتمراؤ obligations.
J. echo matching lists of accounting standards.
D. Any information required by the Bank in respect of the service.
Article. 0 3. i. electronic payment services provider alashmak miashnh the PBX or the d 1 onto the agent
Address mrkhls from the Bank, or through foreign sniff.
II • electronic payment service provider asshar part of his money in liquid assets faithful with the consent
The Bank put the assets in a separate account.
III. The payment service provider shall be subject alalksoni for voluntary liquidation or foreground.
Article 31. this system of prose? In the appointment, calling.
[url=http://www.cbi.iq/documents/E-payment system for funds.pdf][You must be registered and logged in to see this link.] for funds.pdf[/url]
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