Article Content
Chapter One General Provisions
| Article 1 | These Regulations are enacted pursuant to Article 47-1 of the Banking Act. |
| Article 2 | The terms referred to in these Regulations are defined as below:
1. "Credit card" shall mean a payment instrument which is used by a cardholder to obtain in advance, by virtue of the card issuer's credit, products, services, money or other benefits from certain contracted parties, and repay the relevant indebtedness thereafteror in accordance with other arrangements.
2. "Credit card business" shall mean one of the following businesses:
(1) Issuing credit cards and handling matters related thereto.
(2) Businesses relating to revolving credit and cash advances using credit cards.
(3) Entering into a contractual relationship with merchants and handling matters related thereto.
(4) Paying or collecting bills through credit cards on behalf of merchants.
(5) Matters relating to the authorization of the use of trademarks or service mark on credit cards.
(6) Providing services in connection with the authorization or settlement of credit card transactions.
(7) Other credit card businesses as approved by the Competent Authority.
3. "Card issuing business" shall mean businesses specified in Items (1) and (2) of the preceding subparagraph.
4. "Card acquiring business" shall mean businesses specified in Items (3) and (4) of the second subparagraph.
5. "Credit card company" shall mean any institution incorporated as a company limited by shares to specialize in credit card business with the approval of the Competent Authority.
6. "Foreign credit card company" shall mean a Taiwan branch of any foreign company incorporated in accordance with foreign laws to specialize in credit card business within the Republic of China under the Company Act and these Regulations.
7. "Credit card business institution" shall mean any of the following institutions:
(1) A credit card company.
(2) A foreign credit card company.
(3) A bank, credit co-operative or other institution which has been approved by the Competent Authority to engage in a credit card business as a concurrent business.
(4) Other institutions approved by the Competent Authority to engage in a credit card business.
8. "Specialized credit card business institution" shall mean an institution referred to in Item (1), (2) or (4) of the preceding subparagraph.
9. "Card issuer" shall mean a credit card business institution that engages in card issuing business.
10. "Card acquirer" shall mean a credit card business institution that engages in card acquiring business.
11. "Contracted merchant" shall mean an entity having entered a written contract with a card acquirer, agreeing that a cardholder may use a credit card to pay for products or services. However a written contract does not apply for the contracted merchant thatis the same entity as the card acquirer.
12. "Electronic document" shall mean electronic documents referred to in Subparagraph 1, Paragraph 1, Article 2 of the Electronic Signature Act. |