Private label card compliance
Various rules and regulations apply when creating and marketing or providing a branded card programme, whether Mastercard ®, Maestro ®, VISA ® or other networks. The rules and regulations that apply as listed below are a combination of policies laid down by the above providers, the issuing banks we work with and our principals policies.
Compliance
Companies or businesses wishing to create a branded card programme must provide the following information to us, on agreement to proceed with a program creation;
1. Copy of the certificate of incorporation of the company
2. Copy of the memorandum and articles of association or constitution of the company.
3. Copy of the passports or national identification cards of each director of the company and each shareholder holding 20% or more of the voting power and/or equity in the company.
4. A list of all shareholders names and equity holding by percentage and a list of all directors with their home addresses and telephone numbers.
5. A letter signed by the secretary or administrator of the company certifying that the said lists as laid out in point 4. are accurate at the date of submission.
6. For companies exceeding 18 months old, a set of the most recent company audited accounts or the companies D-U-N-S number if they have one. Any company less than 18 months old that has filed audited accounts should also supply these.
