Regulations Governing Identity Verification Mechanism and Transaction Amount Limits of Electronic Payment Institutions Article 5

When an electronic payment institution accepts users to register, open an electronic payment account, or register their stored value cards, it shall check with the Joint Credit Information Center (JCIC) for the following information and keep relevant records for future reference:1. Information on deposit account with suspicious or unusual transactions.2. Data and information circulated by electronic payment institutions pursuant to Article 28 and Article 35 of the Rules Governing the Administration of Electronic Payment Business.3. Notation data where the users’ requests to enhance identity verification.4. Other data as required by the competent authority.Electronic payment institutions shall use the data obtained from JCIC prudentially, according to the preceding paragraph; and they shall decide whether to approve or reject user's registration application based on objectivity and autonomy.