(1) Where a business operator uses an electronic means prescribed by Presidential Decree in the payment of the purchase price (hereinafter referred to as "electronic payment"), the persons related to electronic payment who are prescribed by Presidential Decree, such as the business operator, issuer of the means of electronic payment and provider of electronic payment services (hereinafter referred to as "electronic payment business operator, etc.") shall take measures necessary for maintaining security of the relevant information.
(2) Where an electronic payment is made, the business operator, electronic payment business operator, etc. shall clearly notify the following to confirm whether the consumer's subscription is his or her true expression of intent and shall prepare procedures for the consumer to confirm the same, as prescribed by Presidential Decree:
1. Contents and types of goods, etc.;
2. Prices of goods, etc.;
3. Service period.
(3) Where an electronic payment is made, the business operator, electronic payment business operator, etc. shall notify the consumer of such fact by a method prescribed by Prime Ministerial Decree, such as transmission of an electronic document, and enable the consumer to access the data on the electronic payment at any time.
(4) Any person who issues the means of advance payment for the purchase or use of goods, etc. as one of the means of electronic payment in a cybermall shall indicate or announce matters regarding the confirmation of confidence in such means of payment, restrictions on the use, or other precautions, as prescribed by Prime Ministerial Decree.
(5) Where a dispute arises between a business operator and a consumer over electronic payment, the electronic payment business operator, etc. shall cooperate in the resolution of such dispute by allowing the perusal, etc. of the information regarding payment, as prescribed by Presidential Decree.[This Article Wholly Amended on Feb. 17, 2012]