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QA2019-61 - Credit cards

QA2019-61 - Credit cards

Owned by SRB Services
Feb 01, 2024
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Resolution Reporting Subject Matter Guidance
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QA2019-61

Question


Please confirm that Credit Cards must not be considered in the list of “Payment system” except when a direct license with the Credit Card Company for the issuing of an own-branded card is in force and the reporting company is the final owner of the customer credit risk.


Response


Payment cards circuits have to be reported only if the legal entity owns the credit risk for the cards issued, handles customer relationships and is responsible for transaction authorization, billing and pricing. Please report this under “Other”.