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An Authorization Letter For Credit Card Payment is a crucial document used when a cardholder needs to formally authorize a third party to process credit card payments in Nigeria. This document is particularly relevant in situations involving recurring payments, one-time large transactions, or when the cardholder cannot be physically present for the transaction. The letter must comply with Nigerian banking regulations, including the CBN Guidelines on Electronic Banking and the Nigeria Data Protection Regulation (NDPR) 2019. It typically includes specific details about the authorized payment amount, duration of the authorization, card details (partially masked for security), and clear identification of all parties involved. The document serves as a legal protection for both the cardholder and the merchant, establishing clear terms for the authorized credit card usage while maintaining necessary security measures.

1. Date and Location: Current date and place of writing the authorization letter

2. Recipient Details: Name and address of the merchant/company receiving the authorization

3. Subject Line: Clear indication that this is a credit card payment authorization

4. Cardholder Information: Full name and contact details of the credit card owner

5. Card Details: Partial credit card information (last 4 digits only) and card type for security

6. Authorization Statement: Clear statement of authorization, including payment amount and purpose

7. Duration of Authorization: Validity period of the authorization

8. Security Declaration: Statement confirming the authenticity of the authorization

9. Signature Block: Space for cardholder's signature and date