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LINE Pay iPASS Account Contract have been amended

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It is hereby announced that Article 1 and Article 2 of the “iPASS Standard Form Contract for the Business of Electronic Payment Institutions” have been amended and will be implemented from August 8, 2019.

For the contents amended, please refer to the following comparison table showing the difference between the previous and new terms. If the user disagrees with this amendment, please inform the Company to terminate the contract in accordance with Article 23 of the “iPASS Standard Form Contract for the Business of Electronic Payment Institutions.” If the user does not make such objection within seven days, it is presumed that the user accepts the modification, addition or deletion of the terms.

Comparison Table of the Amendment to the Standard Form Contract
for the Business of Electronic Payment Institutions

Items

After the amendment

Before the amendment

Article 1

Company Information

  1. Permit No. issued by the competent authority: Jin-Guan-Yin-Piao-Zi No.10600168000
  2. Company Name: iPASS Corporation
  3. Representative: Hsiu-Chi Chang
  4. Complaint (customer service) hotline: (02) 6631-5190, (07) 791-2000
    Service hours: 09:00~22:00
    Email address: linepayipass@i-pass.com.tw
  5. Website: http://www.i-pass.com.tw/
  6. Business address: 4F., No.1, Zhong’an Rd., Qianzhen Dist., Kaohsiung City

Company Information

  1. Permit No. issued by the competent authority: Jin-Guan-Yin-Piao-Zi No.10600168000
  2. Company Name: iPASS Corporation
    Representative: Sheng-Yao Shih
  3. Complaint (customer service) hotline: (02) 6631-5190, (07) 791-2000
    Service hours: 09:00~22:00
    Email address: linepayipass@i-pass.com.tw
  4. Website: http://www.i-pass.com.tw/
  5. Business address: 4F., No.1, Zhong’an Rd., Qianzhen Dist., Kaohsiung City

Article 2

The definitions of terms used in this Contract are as follows:

  1. A “user” shall mean a person who registers and opens an electronic payment account (hereinafter referred to as “e-payment account”) at the Company and uses the services provided by the Company to transfer funds or deposit stored value funds.
  2. A “recipient user” shall mean a user who uses the service of collecting and making payments for actual transactions as an agent offered by the Company to collect payments.
  3. An “e-payment account” shall mean an online account opened by a user with the Company to keep track of its fund transfers and deposit records.
  4. “Service of collecting and making payments for actual transactions as an agent” shall mean the service of the Company, independent of the users of actual transactions accepting under the mandate of both parties to an actual transaction, the amount of the transaction transferred from the payer, and after certain conditions are fulfilled, or a certain period of time has expired or receiving an instruction from the payer, transferring the amount of the actual transaction to the recipient.
  5. “Service of accepting deposits of funds as stored value funds” shall mean the service of the Company receiving funds from the user in advance and storing the funds in the user’s e-payment account for future transfer of funds between said user and other users other than the Company.
  6. “Service of funds transfer between e-payment accounts” shall mean the service of the Company transferring funds in the e-payment account of the user according to the user’s payment instruction for purposes other than any actual transaction into the e-payment accounts of other users at the Company.
  7. A “deposit account” shall mean a same-currency demand deposit account opened by the user at a financial institution and designated in advance when the user registers an e-payment account or withdraws funds from his/her e-payment account.
  8. A “dedicated deposit account” shall mean a demand deposit account opened by the Company at a bank as required by law and used exclusively for depositing funds received from users.
  9. “Electronic document” shall mean a record in electronic form made of any text, sound, picture, image, symbol, or other information generated by electronic or other means not directly recognizable by human perceptions, and which is capable of conveying its intended information.
  10.  “Integration and delivery of recipient users’ collection and payment messages” shall signify that the Company accepts the appointment of recipient users and other organizations to provide the service of integrating and delivering collection and payment messages in terminal devices or applications.
  11.  “Price deposit” shall mean the payment of the transaction amount which the user paid by the Company’s e-payment account will be deposited in the designated bank account for a certain period of time, and will then be disbursed to the recipient user. The period of price deposit will be adjusted according to the recipient user’s attribute.
  12.  “Immediate transfer” means once the payment made by the user has been transferred to the designated bank account, such amount of payment will be immediately disbursed to the e-payment account of the recipient user.
  13.  “Payment via agreed linked deposit account” shall mean the service wherein conducting its electronic payment business, the Company gives a financial institution at which the user opens his/her account, an account payment deduction instruction according to the agreement between the user and the financial institution, to transfer funds from the user’s linked deposit account with the financial institution for the Company to collect payment from the user and to record the payment amount and the fund transfer activity under the e-payment account of such user.

The definitions of terms used in this Contract are as follows:

  1. A “user” shall mean a person who registers and opens an electronic payment account (hereinafter referred to as “e-payment account”) at the Company and uses the services provided by the Company to transfer funds or deposit stored value funds.
  2. A “recipient user” shall mean a user who uses the service of collecting and making payments for actual transactions as an agent offered by the Company to collect payments.
  3. An “e-payment account” shall mean an online account opened by a user with the Company to keep track of its fund transfers and deposit records.
  4. “Service of collecting and making payments for actual transactions as an agent” shall mean the service of the Company, independent of the users of actual transactions accepting under the mandate of both parties to an actual transaction, the amount of the transaction transferred from the payer, and after certain conditions are fulfilled, or a certain period of time has expired or receiving an instruction from the payer, transferring the amount of the actual transaction to the recipient.
  5. “Service of accepting deposits of funds as stored value funds” shall mean the service of the Company receiving funds from the user in advance and storing the funds in the user’s e-payment account for future transfer of funds between said user and other users other than the Company.
  6. “Service of funds transfer between e-payment accounts” shall mean the service of the Company transferring funds in the e-payment account of the user according to the user’s payment instruction for purposes other than any actual transaction into the e-payment accounts of other users at the Company.
  7. A “deposit account” shall mean a same-currency demand deposit account opened by the user at a financial institution and designated in advance when the user registers an e-payment account or withdraws funds from his/her e-payment account.
  8. A “dedicated deposit account” shall mean a demand deposit account opened by the Company at a bank as required by law and used exclusively for depositing funds received from users.
  9. “Electronic document” shall mean a record in electronic form made of any text, sound, picture, image, symbol, or other information generated by electronic or other means not directly recognizable by human perceptions, and which is capable of conveying its intended information.
  10.  “Integration and delivery of recipient users’ collection and payment messages” shall signify that the Company accepts the appointment of recipient users and other organizations to provide the service of integrating and delivering collection and payment messages in terminal devices or applications.
  11.  “Price deposit” shall mean the payment of the transaction amount which the user paid by the Company’s e-payment account will be deposited in the designated bank account for a certain period of time, and will then be disbursed to the recipient user. The period of price deposit will be adjusted according to the recipient user’s attribute.
  12.  “Immediate transfer” means once the payment made by the user has been transferred to the designated bank account, such amount of payment will be immediately disbursed to the e-payment account of the recipient user.