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Recommended Payment Service Rules The rules drawn up by the Association of Lithuanian Banks 1. Introduction 1.1. The present Payment Service Rules have been drawn up by the Association of Lithuanian
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Recommended payment service rules are guidelines and regulations set forth by a governing body to ensure compliance and best practices in the payment service industry.
All payment service providers and financial institutions are required to file recommended payment service rules.
Recommended payment service rules can be filled out online through the designated portal provided by the regulatory authority.
The purpose of recommended payment service rules is to promote transparency, security, and efficiency in payment transactions.
Recommended payment service rules require the reporting of transaction details, customer information, and security measures implemented.
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