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Multi-purpose prepaid card scheme

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Definition Edit

The multi-purpose prepaid card scheme is

a scheme in which at least three parties are involved: the issuer, the cardholder and the acceptor of the card. (Where one acceptor currently exists, it must be possible for other legally distinct acceptors to join the scheme.[1].

References Edit

  1. Report on Electronic Money, Annex 1, Glossary, at 40.

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