Document background
The Third Party Credit Card Authorisation Form is essential when a credit card holder needs to delegate purchasing authority to another individual or entity while maintaining control and establishing clear boundaries. This document, governed by English and Welsh law, provides a formal mechanism to specify authorization terms, including usage limits, duration, and permitted activities. It addresses requirements under the Payment Services Regulations 2017, Data Protection Act 2018, and other relevant financial regulations, while ensuring compliance with card scheme rules and security standards. The form is particularly useful for business relationships, family arrangements, or situations where delegated purchasing authority is required.
