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  • Limits on Payment Transactions

    • OB-2.3.5

      The PISP may agree on payment transaction limits based on its own discretion or on account of the following limitations:

      (a) limits imposed by the CBB from time to time;
      (b) limits imposed by any of the licensees; and/or
      (c) limits imposed based on customer request.
      Added: December 2018

    • OB-2.3.6

      Subject to the framework contract, a PISP has the right to stop the use of a payment instrument on reasonable ground relating to:

      (a) the security of the payment instrument; or
      (b) the suspected unauthorised or fraudulent use of the payment instrument.
      Added: December 2018

    • OB-2.3.7

      PISPs must ensure that a customer to whom a payment instrument has been issued must keep safe the personalised security credentials and must:

      (a) use it in accordance with the terms and conditions governing such use; and
      (b) notify the PISP in an agreed manner and without undue delay on becoming aware of the loss, theft, misappropriation or unauthorised use of the payment instrument.
      Added: December 2018