The international payment system Visa, which does not meet the deadline translation domestic transaction processing in the national system of payment cards and will have to make in this regard within a month a security deposit in the Central Bank will be able to get money back once fully translate these operations NBTS. This follows from the amendments to the position of the Bank of Russia № 423-P of 12 June 2014 “On security contributions payment system operators who are not nationally important payment systems” (project posted on the site controller).
According to the above-mentioned provision number 423-P, a security fee payable to the operator of the payment system for transactions made in the territory of the Russian Federation in the framework of the payment system that is not of national importance. A security deposit is formed by eight quarterly payments to the amount of one fourth of the average daily volume of such transactions. The total amount of the contribution is thus equal to 2% of the average daily volume; each of the tranches to be paid during the month following the reporting quarter. In the event of any service interruptions domestic operations of payment systems, which are not related to national significance, the Central Bank of that security will charge a penalty fee, the operator of the payment system will have to then add back to recover the amount of the account to record a security fee (note that failures in nationally important payment systems also provide for penalties, but they charged in another size and order). At the same time, according to the amendments to the CBA designation number 3294-U dated 25 June 2014 “On the application of payment systems operators to penalties …” (project also posted on Friday), and provides for a penalty for failure security contributions on time.
Specify that of the 33 existing payment systems, which are registered in the register of the Central Bank, a nationally recognized significant 14: UNIStream, NCC (National Credit Cards), Union Card, HandyBank, Blizko, National Settlement Depository, “Customs Card”, ” Leader “,” Universal Electronic Card “Multi-payment system, payment system, VTB, Rexpay, Contact and” MultiCarta ».
International payment system Visa and MasterCard, recognized socially significant in the Russian Federation, the list of nationally important not includes; until March 31 of this year, banks issuing cards in these payment systems had to translate domestic transactions on them in the NBTS.
The Bank of Russia on March 31, reported the launch of the National System of Payment Cards and clearing center for the treatment of domestic transactions within the international payment systems. It was stated that the NBTS and MasterCard have completed the process of connecting to the operating banks and clearing center NBTS in the timeframe established in legislation (to be confirmed that Sberbank has completed the translation of transactions on the cards MasterCard for processing NBTS in the first half of April). The registry operators of payment systems on April 2 entry was made to exclude from the payment infrastructure subjects MasterCard payments clearing center “MasterCard” and the operations center “MasterCard Europe” (as part of the payment infrastructure in Russia remained MasterCard Savings Bank and the Central Bank as the settlement centers and JSC “NBTS “as a payment clearing center and operations center).
Meanwhile, regarding the payment system Visa regulator said that it is” actively cooperates with the NBTS and banks for the transfer of in-traffic on Visa cards in the coming months. ” The head of «NBTS” Vladimir Komlev said the other day that this work will be completed within a month or two, and in the first days after March 31, the real transactions on Visa cards through the NBTS will not be held.
The draft amendments to the position of interim fee, which the Central Bank published on Friday, the list of cases, return the operator of the payment system of the security deposit. So, initially, the operator of the payment system is fully get back the money already made in the case of its exclusion from the register or in the event that the relevant payment system of national importance; In addition, in the case of an overpayment refund is provided in the amount of the overpayment.
Because of the added switch 423-P of another subparagraph should be, which is also “a security deposit is returned to the operator of the payment system … when submitting direct participants in the payment system of international payment cards on all orders within the Russian Federation transfers of funds from the use of international payment cards in payment clearing center NBTS ».
Specifies that after the receipt of the information from the operator that all participants in the system of international payment cards already passed orders to process transactions in Russian NBTS, the Central Bank has recheck this information in the most NBTS. Taking into account the period of time allowed for all these interactions and the very payment, a security deposit will be refunded within a maximum of 12 working days after full translation Russian card transactions corresponding international system NBTS.
RBC estimated the size of the first tranche of a security fee (for I quarter of 2015), which will have to make a Visa for missed deadlines translation Russian operations in the NBTS, 60 million dollars.
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