Rules Governing the Administration of Electronic Payment Business Article 5

When an electronic payment institution signs or terminates a contract with a contracted institution, the electronic payment institution shall report to the Joint Credit Information Center (JCIC).Where an electronic payment institution accepts a registration application of a non-individual contracted institution or an individual contracted institution with an average transaction amount generated from the business of collecting and making payments for real transactions as an agent that reaches NTD 80,000 in the most recent six months, the electronic payment institution shall request the following information from JCIC and retain related records for reference. However, these requirements do not apply if a dual-status electronic payment institution has completed the information check of the contracted institution with the JCIC, in accordance with related regulations governing the assessment of credit card contracted merchants, and the said contracted institution agrees to provide the checked information to the electronic payment institution under business purposes:1. Information of contracts signing and termination with the contracted institution reported by the electronic payment institution;2. Information of contracts signing and termination with the contracted merchant reported by the credit card business institution;3. Other information required by the competent authority.Where the contracted institution applies for a new electronic payment account or engaging in stored value cards related services of collecting and making payments for real transactions as an agent, the electronic payment institution shall implement the information check again with the JCIC in accordance with the preceding paragraph.Where the electronic payment institution does not meet requirements in the preceding three paragraphs, they shall make adjustments to meet the requirements before June 30 of 2022.