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Alexander Rogers: Payment systems and whiners

Alexander Rogers: Payment systems and whiners

Yesterday we all witnessed another "nuvotivso" wave. true, It turned out in the express version - long music played, long cry Liberal.

Now, the details.
First came the news that, that the State Duma is going to 23 July to consider an updated version of the law "On National Payment System".
In it the law requires as a condition of functioning in the territory of different international payment systems (MV) the continuity of the provision of services.

Or, I quote, "a ban on the establishment of criteria for the suspension of, termination of participation in the payment system on the initiative of the payment system operator, related, respectively, with suspension, termination of participation in the foreign payment system ".
I.e, translating into a normal Russian language with the legal, payment system, if you want to work in Russia, It has no right to support anti-Russian sanctions.

drafter, head of the Duma Committee on Financial Markets Anatoly Aksakov said, that amendments have been made to, «to prohibit any payment systems to prescribe in its rules of Russian banks the ability to disable of the calculations on the cards. We should not encourage such disconnection and tolerate discriminatory rules».

The central bank also approves such an initiative: «We guess, that the Russian "daughter" of foreign companies, operating on the territory of the Russian Federation, We shall operate in accordance with the Russian legislation, that protects the interests of citizens, financial infrastructure and the Russian Business. Based on this, we support the proposed amendments. They are aimed at ensuring the continuity of operations in the payments market, and the protection of the rights of payment service users. Forward to their adoption in this session».

But a variety of "experts" immediately turned to their favorite songs about "well, that's all", "Only in this country" and "self-isolation Raska". In this case - "Visa and MasterCard will be forced to leave Russia, because they can not comply with these rules. And the Russians will not be able to pay by cards abroad». Reference "sob-sob".

quote: «However, According to the expert, intimately familiar with the work of the international payment systems, they will not change the rules, but simply folded his business in Russia. Since the proposed rules is not feasible for them because, it is difficult or inconvenient to do, but because, it is impossible from a legal point of view».

added: «bring their rules into line with the requirements of the Central Bank in the Russian Visa, MasterCard and others simply do not have the possibility».

And continue to escalate: «Payments on the cards already issued will pass through the NBTS, but outside the Russian card elimination system will not work. Furthermore, with the departure of some of the systems from the Russian foreign card market, issued by it, in Russia also will not work».

Last name of "experts", note, do not call. One out of two: or "my name is too well known, to you it is called here ", or they simply ashamed to bear such nonsense.

But in less than a couple of hours, as the press service of the company «Visa» issued a rebuttal: «Russia is a strategically important market for Visa. Visa is committed to its mission to ensure trouble-free operation of non-cash payments for all participants in the payment ecosystem: banks, TSP and consumers. Visa company does not comment on third party statements about possible future events, based on assumptions and expressing personal opinions of the author's position».

Months and months and months, a good reason pohnykat and ponyt about the "wrong country", but the evil capitalists of «Visa» on the vine broke off this buzz.

And no one is going to leave (there probably "try to drive - will balk"). And the rules brought into line with the legislation ready. And generally speaking, "It is not necessary to broadcast on our behalf".

I remember, some time ago, almost the same HYIP tried to inflate relatively "soon White Lord shut off a resurgent Russian cattle from SWIFT, nuvotivsjo!». But then broken off.

In fact, these "experts" are not guided by the actual practice, and inherent liberals servility to the West and cockroaches ideas about, "How to speak through clenched teeth have Western White Lord with Russian nedolyudmi".

In practice, it is exactly the opposite - it is the Russian government is building a Western company, "If you want to work in our market, something you do like this and like that ", and those dutifully answered "Yes, sir, will be done".

However, such a harsh (for some) reality is too contrary to the laid down in the neoliberal dogma of the head, so they will continue to try to carry out "very soon, soon, our hosts Persons with light all of you will be punished". Although in recent years even ukropeytsy believe in it with all the great difficulty ...

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