| Article 2 |
The terms as used in these Rules are defined as follows:
1. “Electronic payment business” shall mean businesses under the subparagraphs of Paragraphs 1 and 2, Article 4 of the Act.
2. “Payment via agreed linked deposit account” shall mean the service where in conducting its electronic payment business, an electronic payment institution gives a financial institution at where an user opens his/her account (referred to as “the financial institution holding the account” hereunder) an account payment deduction instruction according to the agreement between the user and the financial institution to transfer funds from the user's deposit account with the financial institution for the electronic payment institution to collect payment from the user and record the payment amount and the fund transfer activity under the user's electronic payment account (“e-payment account”) or a stored value card. The mechanisms of the operation are as follows:
(1) “Direct link mechanism” means the mechanism where an electronic payment institution directly gives a financial institution holding the said institution’s account a payment deduction instruction to transfer funds from the user's linked deposit account.
(2) “Indirect link mechanism” means the mechanism where an electronic payment institution indirectly gives a payment deduction instruction through the financial information service enterprise or clearing house to transfer funds from the user's linked deposit account.
3. “Integration and conveyance of receipt/payment information by contracted institutions” means that an electronic payment institution is entrusted by contracted institutions and other institutions to provide services of integrating and conveying receipt/payment information.
4. “Conveyance of information between users and conveyance of information between a user and a contracted institution” shall mean the service provided by the electronic payment institution to deliver information between users and between a user and a contracted institution with electronic equipment through the Internet.
5. “Related services such as the custody of payment funds for product (service) gift vouchers or tickets and assistance for issuance, sales, and reimbursement” means that an electronic payment which is entrusted by the issuer of product (service) gift voucher or ticket, to interface or set up the information systems for providing custody services of payment funds raised from product(service) gift voucher or ticket related real transactions collected and made as an agent business and to assist for the issuance, sales, or reimbursement of the vouchers or tickets.
6. “Reward points” means that points issued or provided by the reward point issuers or institutions in collaboration with the reward points issuer for marketing, business promotion or purposes of policy to persons engaged in business or policy-related behaviors without compensation. The points shall be used by the point holders in accordance with these Rules and the agreement of purposes and usage signed by the reward point issuer or the party in collaboration with the reward points issuer.
7. “Stored value cards annexed to electronic payment accounts” mean registered stored value cards issued by electronic payment institutions that are linked to the user's electronic payment account are authorized to implement payment deduction under the business of collecting and making payments for real transactions as an agent.
8. “Watch-listed e-payment account” shall mean an e-payment account that a court, public prosecutors office, or a judicial police authority has, for the purpose of a criminal investigation, electronic payment institutions to classify as watch-listed.
9. “Derivative watch-listed account” means all other e-payment accounts opened by a user of a watch-listed e-payment account. |