Legal analysis of the conflict of interests in Iran's electronic card payment industry

Abstract

Nowadays, the provision of public services by the government has been increasingly expanded. The electronic payment system is one of the public services which, due to its sensitivity, requires the regulation of the supervision of the relevant institutions. The electronic card payment network. created to organise the country's electronic payment system and monitors all transactions. This network creates online and instant transactions by creating the necessary infrastructure and provides a platform for card-based transactions in a robust monitoring process. Provides security in the country's banking exchange system. Providing these services requires powers and duties for the Central Bank and Shaparak, among which the responsibilities of providing the necessary infrastructure, identifying violations and imposing fines can be mentioned. These powers and duties can potentially cause a conflict of interest. Conflict of interests can potentially cause disruption in the provision of public services and damage private and public property. By examining the legal dimensions of the conflict of interest in Iran's electronic payment industry and the challenges in this field, the present research has concluded that by approving the approvals related to the conflict of interest in the card payment network, the rule-maker and the executive; The supervisor and the supervised should be separated from each other. Also, the conflict between the income and duties of organisations and between the organisational duties of actors involved in this industry should be resolved, and the rules should be changed in expert-oriented processes.

Keywords

• the electronic card payment network
• shaparak
• payment service provider company
• conflict of interest