Wednesday, April 01, 2015

Russian national payment system: Visa and MasterCard play by new rules

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Russian domestic transactions on cards Visa and MasterCard from April 1, will go to the processing of the National System of payment cards ( NBTS ) of the Bank of Russia.

With the adoption of the law on the establishment of a Russian national payment system, all MEAs were to March 31, 2015 to transfer NBTS processing card transactions within Russia. For local payment systems installed until December 31.
At the same time, the Bank of Russia reported that the process of connecting to the banks operational and clearing center NBTS within MasterCard payment system is completed.
At the same time, cardholders will not notice any changes in their work and assured control.

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