Romania: Ministry of Communications and Information Society Issues Order Regulating Procedure for Endorsement of Electronic Payment Instruments with Remote Access

On June 14, 2019, the Ministry of Communications and Information Society (MCIS) released Order No. 553 of June 5, 2019 regulating the procedure for endorsement of electronic payment instruments with remote access, which was published in Official Gazette No. 485.

The order regulates the procedure for notifying the MCIS about electronic payment instruments with remote access provided by payment service providers authorised by the National Bank of Romania, which includes internet banking, mobile banking, as well as the registration of IT auditors, in accordance with the procedures set out in Chapter 3.

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