Outcomes
Understanding payment cards and the licenses granted by regulatory and supervisory authorities.
Understanding the regulatory and compliance framework for payment cards.
Familiarity with payment card fees in Jordan.
Understanding the Central Bank of Jordan's requirements regarding pricing structures.
Ensuring that fees comply with consumer protection laws.
The role of the compliance function in relation to payment cards.
Target Group
Compliance, risk, audit, customer service, product development, and payment systems staff
Contents
This course aims to clarify the regulatory and compliance framework for payment cards in Jordan and the most prominent requirements of the Central Bank regarding the granting of licenses to conduct card issuance activities and the licenses granted by international payment companies, in addition to focusing on pricing structures and fees associated with cards and identifying the most prominent financial consumer protection laws related to cards and pricing and the role of compliance in ensuring transparency, commitment and risk management associated with payment cards.