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Islamic retail bank licenseesG that offer to a payer a customer account that is accessible online must have in place at least one interface which meets each of the following requirements:

(a) PISPs must identify themselves in sessions with Islamic retail bank licenseeG ;
(b) PISPs must communicate securely to request and receive information on one or more designated payment accounts and associated payment transactions; and
(c) PISPs must communicate securely to initiate a payment order from the payer's payment account and receive information on the initiation and the execution of payment transactions.
Added: December 2018
(1 Version)
Dec 1 2018 onwards
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