Circular Regarding Electronic Payment Means No. 8518/2/10 dated 2011/7/17

In the name of God, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Number: 8518 / 2 / 10
Date: 5 / 8 / 1432 AH
Corresponding to: 7 / 7 / 2011 AD

Circular to Licensed Banks

Following our circulars No. (10 / 2 / 1811) dated 17 / 2 / 2008, No. (10 / 2 / 1464) dated 27 / 1 / 2009, and No. (10 / 2 / 14443) dated 23 / 11 / 2009, and in light of the Central Bank of Jordan's pursuit of greater transparency in banks' dealings with their clients and reducing the risks associated with electronic banking, I emphasize the necessity of the following:

1. Producing explanatory leaflets regarding the nature and uses of both (Credit Card) and (Debit Card) and the differences between them.

2. Adhering to the principle of transparency regarding the pricing of commissions and fees collected on the aforementioned cards and their uses.

3. Producing explanatory leaflets for your clients to encourage them to exercise caution and care when using electronic payment means.

Please accept the highest regards,

Governor
Fares Abdul Hamid Sharaf

[Signature]

---

P.O. Box: 37 Amman 11118 Jordan • Phone: 4630301 • Fax: 4638889, 4639730, 4639731 • E-mail: info@cbj.gov.jo • Website: www.cbj.gov.jo Form (1/1/10) 17/11/2011 ---