Regulatory Alerts2019-12-29
Added · Updated
Circular on Correcting Bank Identification Numbers and Classifying Domestic ATM Transactions
The Central Bank of Jordan requires banks operating in the Kingdom to correctly define Bank Identification Numbers (BINs) in their systems and monitor them continuously. The Circular mandates that all cash withdrawals using domestic payment cards at ATMs within the Kingdom be classified as local transactions, regardless of the routing network. Banks must implement these measures and report their compliance to the Central Bank within five working days of the Circular's date.
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