Payment and Settlement Systems Act, 2007
21. Duties of a
system provider. -
1.
Every
system provider shall disclose to the existing or potential system
participants, the terms and conditions including the charges and the
limitations of liability under the payment system, supply them with copies of
the rules and regulations governing the operation of the payment system,
netting arrangements and other relevant documents.
2.
It
shall be the duty of every system provider to maintain the standards determined
under this Act.