Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

03/04 19:34   Interior Minister reports increase in number of indentified cases of corruption among officials
 
03/04 19:33   Aggregated results for trading of shares in Moscow Exchange
 
03/04 19:32   Rosneft's business plan based at $50 oil, allows for temporary drop to $40 (Part 2)
 
03/04 19:30   Interior Ministry to face further cuts - Kolokoltsev
 
03/04 19:29   Number of foreigners entering Russia down 5%, excluding citizens of Ukraine - Romodanovsky
 
03/04 19:27   Prosecutor General seeks to arrest over 100 judges - Yatseniuk's People's Front
 
03/04 19:25   Russia's violent crime rate drops in 2014 - interior ministry
 
03/04 19:25   Rosneft planning to maintain capex on refinery modernization at about 150 bln rubles in 2015
 
03/04 19:24   SOGEPA ups stake in NLMK's Belgian division to 49%
 
03/04 19:23   Rosneft raises bonds equivalent to $6.2 bln through REPO in Dec - report
 




 

Interfax.com  |  Interfax news  |  Security requirements for Visa, MasterCard to be...


News headlines


June 18, 2014 20:15

Security requirements for Visa, MasterCard to be lowered, but not eliminated - Shuvalov (Part 2)

GORKI. June 18 (Interfax) - After amendments are made to Russia's law on a national payment system, security requirements for Visa and MasterCard will be lowered compared with the previously proposed variant, but they will not be eliminated completely, Russia's First Deputy Prime Minister Igor Shuvalov said.

"They [restrictive measures] will be lowered substantially if the federal law is passed that gives the government and Central Bank of Russia the authority [to set deposits], but this will be an entire system that presents serious relief for them, but does not completely eliminate responsibility. A certain responsibility for them remains," Shuvalov said at a briefing following a meeting on Wednesday with Russian Prime Minister Dmitry Medvedev on the national payment system.

He did not say how much the deposit payment would be that the companies must pay to operate in the country. Shuvalov noted that on June 25 the Central Bank commission would determine on which basis the technological platform would be developed for the Russian payment system and how it would work with banks and create joint hosting relations.

Shuvalov said he hoped the law, which gives the Central Bank and the government the right to approve regulations and introduce features of the payment systems' operation, would be approved in the coming weeks. "Of course we are not going to create any limitations to force out Visa and MasterCard from the market, but we understand that the situation that occurred, the restrictive decisions that were made, must not happen again," he said.

Shuvalov added that the solutions discussed at Wednesday's meeting should reassure Visa and MasterCard.

"We are expecting the first reading today. If all goes well, the second reading [will be] on Friday. If we pass [the law] soon, then we will immediately show the governmental decree," he said, adding that if the law is passed the government's decree will it clear how much and when the payment systems will pay the security deposit. "They will have significantly easier conditions for carrying out business in the Russian Federation if processing will take place on Russian territory," Shuvalov said.

Kh of

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

March 04, 2015
 
19:27
Prosecutor General seeks to arrest over 100 judges - Yatseniuk's People's Front
 
19:25
Russia's violent crime rate drops in 2014 - interior ministry
 
19:25
Rosneft planning to maintain capex on refinery modernization at about 150 bln rubles in 2015
 
19:24
SOGEPA ups stake in NLMK's Belgian division to 49%
 
19:23
Rosneft raises bonds equivalent to $6.2 bln through REPO in Dec - report
 
19:22
Capitalization of Russian stock market decreases 0.84% on Wednesday
 
19:22
Results of Interregional Trading for OFZ & OBR
 
19:21
Interior Ministry press center on media publications on alleged Kolokoltsev resignation: they don't cause anything but a smile
 
19:20
Kyiv trying to delay constitutional reform - Naryshkin
 
19:19
Rosneft only to prepare for offshore drilling this year
 
19:18
Death toll from Zasyadko mine blast reaches ten Donetsk - state administration
 
19:15
 
19:09
Rosneft mgmt recommends 8.2 rubles a share div for 2104
 
19:05
Rosneft IFRS net profit falls 9.8% to 350 bln rubles in 2014, above forecast (Part 2)
 
 more headlines 



Interviews
 

.
Russian Foreign Minister Sergei Lavrov has given an interview with Interfax, in which he summed up the results of this foreign policy year and spoke about the priorities of Russian diplomacy in 2015

more
.
.
Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.

more
.
.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.

more

 
  
 ©   1991—2015   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100