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Bank Kuznetsky now in National Payment Card System

15:05 | 26.03.2015 | Economy

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Penza, 26 March 2015. PenzaNews. Penza Bank Kuznetsky started processing transactions made with bank cards through the national payment system (NPCS).

Bank Kuznetsky now in National Payment Card System

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Now all operations with bank cards of international payment systems within the country will be processed through the clearinghouse of NPCS.

“Working in NPS allows securing and providing uninterrupted service on fund transfers, as well as increasing the security of bank card transactions,” Evgeny Zhuravlev, deputy chairman of Bank Kuznetsky, informed PenzaNews agency.

He noted that the connection to the system takes place following the federal law “On the National Payment Card System,” according to which all banks that work in international payment systems have to collaborate with the NPCS operational and payment clearing center.

Bank Kuznetsky was founded as a limited liability company and registered by the Bank of Russia on October 26, 1990, under No. 609. On January 19, 2012, it was transformed into OJSC Bank Kuznetsky.

On January 14, 2005, OJSC Bank Kuznetsky was included into the register of banks that are enrolled in the compulsory deposit insurance system under No. 428. In July 2014, AK&M rating agency confirmed the bank credit rating at “B++” on the national scale with a “stable” outlook.

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