Date: 4 months ago   Category: Finance

Visa will increase the extreme sum of contactless payment without PIN code — Rambler News Service


Photo: Pixabay the Visa System since April 13 will increase the extreme sum of purchase which can be paid without contact without input of a PIN code to 3 thousand rubles, reported in the press service of Visa. "It agrees to the changes in rules of Visa payment service provider which came into force, since April 13, 2019 participating banks of Visa payment service provider in Russia can not request the PIN code for confirmation of transactions on Visa proximity cards for the sum which is not exceeding 3 thousand rubles that is 3 times more, than now. We are sure that our initiative considers today's stage of development of the payment market and the created new payment habits of Russians" — said in the press service. As the vice president reported, the Head of Department of acquiring of VTB Alexey Kirichek, the bank knows of the specified initiative and VTB supports increase in a limit of contactless payment at which it is not necessary to enter the PIN code. "In my opinion, the movement towards such sum is explained by a macroeconomic situation and market condition. The main risk when carrying out contactless operations without input of the PIN code lays down on the issuer. But we do not regard it as a serious factor as in banks there are strong antifrodovy cursors which cut and instantly block fraudulent operations", - he added.

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