boi statement, 2018-02-25
the Governor’s intention to use her authority pursuant to Section 9k and 9l of the Banking (Service to the Customer) Law, 5741–1981, and to declare the service provided by a merchant acquirer to a merchant in connection with the settlement of payment card transactions as a supervised service in regard to the rate of the fee collected from the merchant by the acquirer and transferred to the issuer.
Sentiment: neutral
Topic: mp_credit