Act Governing Issuance of Electronic Stored Value Cards Article 4

(Approval System)No entity other than an issuer is allowed to issue electronic stored value cards or sign up contracted merchants.The regulations governing the security strength level, security requirements design, protection measures and relevant matters of electronic stored value cards issued in accordance with this Act shall be prescribed by the Competent Authority.
中文原文 電子票證發行管理條例第4條
非發行機構不得發行電子票證或簽訂特約機構。
依本條例發行之電子票證,其應用安全強度等級、安全需求設計、防護措施及相關事項之準則,由主管機關定之。

English translation for reference only; the Chinese text prevails. Not legal advice.