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THE
STATE BANK OF VIETNAM
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SOCIALIST
REPUBLIC OF VIETNAM
Independence Freedom Happiness
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No.
38/2007/QD-NHNN
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Hanoi,
October 30, 2007
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DECISION
ON
THE ISSUANCE OF REGULATION ON THE GRANT, USE AND MANAGEMENT OF BANK CARD
ISSUERS CODE
THE GOVERNOR OF THE STATE
BANK OF VIETNAM
- Pursuant to the Law on the
State Bank of Vietnam in 1997 and the Law on the amendment, supplement of
several articles of the Law on the State Bank of Vietnam in 2003;
- Pursuant to the Law on Credit Institutions in 2007 and the Law on the
amendment, supplement of several articles of the Law on Credit Institutions in
2004;
- Pursuant to the Decree No. 64/2001/ND-CP dated September 20th, 2001 of the
Government on payment activity through payment service suppliers;
- Pursuant to the Decree No. 52/2003/ND-CP dated May 19th, 2003 of the
Government providing for the function, assignment, authority and organizational
structure of the State Bank of Vietnam;
Upon the proposal of Chief of Payment Board,
DECIDES:
Article 1. To issue in
conjunction with this Decision Regulation on the grant, use and management of
bank card issuers code.
Article 2. This Decision
shall be effective after 15 days since its publication on Official Gazette.
Article 3. The Director
of the Administrative Department, Chief of Payment Board, Head of units of the
State Bank, General Manager of the State Bank branch in provinces, cities under
the Central Governments management; Chairperson of the Board of Directors,
General Director (Director) of card issuers shall be responsible for the
implementation of this Decision./.
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FOR
THE GOVERNOR OF THE STATE BANK OF VIETNAM
DEPUTY GOVERNOR
Phung Khac Ke
REGULATION
ON
THE GRANT, USE AND MANAGEMENT OF BANK CARD ISSUERS CODE
Issued in conjunction with the Decision No. 38/2007/QD-NHNN dated October
30th, 2007 of the Governor of the State bank of Vietnam.
Chapter I
GENERAL PROVISIONS
Article 1. Governing
scope
1. This regulation shall adjust
activities of grant, use and management of bank card issuers code (hereinafter
referred to as PIN code) of card issuers in Vietnam.
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Article 2. Subjects of
application
This Regulation shall be applied
to organizations, individuals relating to the grant, use and management of PIN
code.
Article 3. Use of PIN code.
The State Bank of Vietnam shall
manage the grant of PIN code in respect of following types of card in
accordance with this Regulation:
1. Cards issued by Vietnamese
card issuers for the transaction within the territory of the Socialist Republic
of Vietnam.
2. Cards issued by Vietnamese
card issuers (except for cards with international card issuers trademark) for
the transaction inside and outside of the Socialist Republic of Vietnam.
Chapter II
SPECIFIC PROVISIONS
Article 4. Subjects
entitled to be granted PIN code
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Article 5. Composition of PIN code
1. PIN code is a chain of 6
numbers according to ISO/IEC 7812-1:2006(E) standard of International Standard
Organization and International Electronic Technique Organization, issued in
2006, being formatted as 9704xx, of which:
a) The first 04 numbers of PIN
code reflect national code of card issuer performing card issuance operation in
Vietnam.
b) The last 02 numbers from 00
to 99 are decided upon by the State bank of Vietnam for each card issuer.
2. Where number bank (including
100 numbers) according to ISO/IEC 7812-1:2006(E) standard, stipulated in
Paragraph 1 of this Article, is all granted to card issuers, the Governor of
the State Bank of Vietnam shall provide for new composition of PIN code in line
with conditions of grant, use and management of PIN code at that time.
Article 6. Procedures to
grant PIN code
1. In case of having demand for
grant of PIN code, the card issuer has to send to the State Bank of Vietnam
(Payment Board) a file set consisting of:
a) An application for grant of
PIN code according to Model No. 01;
b) 01 copy of establishment and
operation license for card issuer being a credit institution or license of banking
operation for card issuer which is not a credit institution.
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Article 7. Management of
PIN code
1. The State Bank of Vietnam
grants only 01 PIN code to each card issuer entitled to be granted PIN code.
The card issuer shall be permitted to use numbers after PIN code for
distinguishing types of product, service, card technology or geographical
location.
2. The card issuer changing its
transaction name shall be still entitled to use current PIN code granted by the
State Bank of Vietnam, however, it has to give a written notice of the change
in its name to the State Bank of Vietnam.
3. Within 180 days since the
grant of PIN code, the card issuer shall be responsible to put PIN code into
use. If the card issuer fails to use PIN code upon the time-limit above
stipulated, it has to send a written request for the extension to the State
Bank of Vietnam (Payment Board). The maximum extended time limit is 90 days
since the receipt of the request for extension of card issuer by the State Bank
of Vietnam.
4. The card issuer has to use
PIN code granted by the State Bank of Vietnam according to the right purpose as
mentioned in the application for grant of PIN code and shall not be permitted
to transfer PIN code in any form.
5. Where card issuers (having
PIN code granted by the State Bank of Vietnam) carry out the merger,
integration or acquisition, card issuer formed from the merger, integration or
acquisition as mentioned above shall be entitled to choose an unique PIN code
among existent PIN codes of card issuers. Within 3 years since the merger,
integration or acquisition, the new card issuer shall be responsible for converting
cards with unselected PIN codes to the unique chosen PIN code. Upon the expiry
of the period stipulated above, the card issuer shall be responsible for giving
a written notice of granted PIN codes that have not yet been in use to the
State Bank of Vietnam.
Article 8. Revocation of PIN code
1. The State Bank of Vietnam
shall revoke PIN code granted to a card issuer when one of the following cases
occurs:
a) The information, evidence
contained in the application file for the grant of PIN code is inaccurate or
divergent.
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c) The card issuer has not yet
put PIN code into use after the period stipulated in Paragraph 3 of Article 7.
d) Upon the expiry of the period
stipulated in Paragraph 5 of Article 7.
e) PIN code is not used for the
right purpose as mentioned in the application for the grant of PIN code.
2. Upon revocation of PIN code,
the State Bank of Vietnam has to make a decision on the revocation of PIN code
and send it to the card issuer.
Article 9. Time of application of PIN code
1. For card products deployed or
registered to issue before the effectiveness of this Regulation, the card
issuer shall be entitled to use the old PIN code (other than the PIN code
granted by the State Bank of Vietnam) as of June 30th, 2011 or the PIN code
granted by the State Bank of Vietnam for newly issued cards belonging to these
card products.
2. Since the effectiveness of
this Regulation, the card issuer shall be responsible to put the PIN code
granted by the State Bank of Vietnam to use for newly issued cards belonging to
card products that have just been registered to issue.
3. On June 30th, 2011 at the
latest, all card issuers using old PIN code have to take necessary measures for
amendment of technology system and internal process in order to convert cards
using old PIN code into cards using the stipulated PIN code according to this
Regulation.
4. From July 1st, 2011, card
issuers that do not use PIN code according to this Regulation shall be obliged
to stop card issuance operation and take full responsibility for damages and
risks resulting from incompliance with the PIN code stipulated in this
Regulation.
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IMPLEMENTING PROVISIONS
Article 10.
Responsibilities of Departments of the State Bank of Vietnam
1. Payment Board shall be
responsible:
a) To provide guidance for the
implementation of this Regulation.
b) To grant, revoke PIN code;
supervise the use of PIN code in accordance with provisions of this Regulation.
c) To coordinate with related
units to provide advices to the Governor of the State Bank of Vietnam on
dealing with cases of violating this Regulation.
d) To give a written notice of
the grant or revocation of PIN code to card issuers.
e) On a 6 month basis, to
publish the list of PIN codes granted by the State Bank of Vietnam in the
website of the State Bank of Vietnam.
2. Banking Informatics
Technology Department shall be responsible:
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b) To coordinate with the
Payment Board in the supervision, inspection of the use of PIN code in
accordance with provisions of this Regulation.
3. Banks Department shall be
responsible:
a) To provide the Payment Board
with information of the establishment and operation of card issuers.
b) To provide the Payment Board
with information of changes of card issuer, including bankruptcy, dissolution,
splitting, separation, merger, integration, acquisition, change in trading
name, revocation of license of banking operation.
4. The State Bank Inspectorate
shall be responsible:
a) To carry out the inspection,
examination, assessment of the use of PIN code of card issuers and treatment of
violation acts within their competence and to inform the Payment Board of
results.
b) To give advices to the
Governor of the State Bank of Vietnam on the treatment of violation acts of
provisions in this Regulation.
Article 11. Responsibility of Head of card issuer
General Directors (Directors) of
card issuers shall be responsible for following up, supervision, examination of
the use of PIN code by their units in accordance with this Regulation.
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FORM NO. 01
SOCIALIST
REPUBLIC OF VIETNAM
Independence Freedom Happiness
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……., Date…………
APPLICATION FOR THE GRANT OF
CARD ISSUERS CODE
To:
The State Bank of Vietnam (Payment Board)
- Pursuant to the establishment
and operation License of credit institution/ License of banking operation
Nodated;
- Pursuant to the Decision No,
dated..of the Governor of the State Bank of Vietnam on the issuance of the
Regulation on the grant, use and management of card issuers code.
We would like to request the
State Bank of Vietnam to consider granting the card issuers code (PIN code) to
the card issuer:
1. Name of card issuer:
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3. Estimated time for putting
the PIN code into use:
4. Summary of purposes of the
use of PIN code attached to a specific card product:
After being granted PIN code, we
undertake to use PIN code within the regulated time, for the right purpose of
use and to strictly comply with the Regulation on the grant, use and management
of bank card issuers code and to take responsibility for the accuracy of the
file enclosed with this application.
Attached file:
LEGAL
REPRESENTATIVE OF CARD ISSUER
(sign and clearly state full name, position and seal)