From October 1 Visa refuses from the guaranteed servicing of card transactions of Russian banks, as it is said in the Visa letter, sent to system members, Prime reports.
By October 1 the National System of Payment Cards (NSPC) should completely take over all Visa transactions.
«Visa informed that from October 1, if the authorization requests (getting system’s approval for conducting transactions) on local transactions (in Russia) are submitted to Visa, it won’t guarantee its processing», one of the sources on payment card market toldф the newspaper.
Therefore, VISA actually disclaims any liability for refusal to process transactions for which it would have to open another security deposit in the Central Bank.
Visa has confirmed the sending of its letter to all banks.
