Document background
The Tolling Agreement Credit Card is a crucial document used in the Indonesian banking and financial services sector to establish and govern the relationship between credit card issuers and processing service providers. This agreement becomes necessary when a credit card issuer needs to engage external processing services while maintaining compliance with Indonesian banking regulations, particularly Bank Indonesia Regulation No. 14/2/PBI/2012 on credit card operations and related financial services regulations. The document addresses essential aspects such as transaction processing, settlement procedures, security requirements, and regulatory compliance, while incorporating specific Indonesian legal requirements and local banking practices. It serves as a fundamental framework for ensuring smooth credit card operations while protecting the interests of all parties involved, including end consumers, under Indonesian law.
