21 May 2018

Russia's NSD and National Payment Council form partnership

01 July 2014  |  1805 views  |  0 Source: National Settlement Depository

National Settlement Depository (NSD), Russia's central securities depository and operator of the systemically important NSD Payment System, has concluded a cooperation agreement with National Payment Council Non-Commercial Partnership.

The parties agreed to cooperate on improving the national payment system of the Russian Federation.

According to the signed document, NSD and National Payment Council intend to work together on the infrastructural development and on improving the regulatory aspects of the national payment system participants' activities, in particular, on:
• enhancing mechanisms of providing settlement services in Russian and international financial markets;
• improving regulation and standardization of non-cash settlements and money transfers;
• protecting information in the payment systems and combating fraud;
• developing measures for stimulating non-cash payments;
• combating money laundering and terrorism financing;
• developing standards for procedures of control over payments;
• combating illegal use of insider information and market manipulation.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit response.ncr.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9969 views comments | 5 tweets | 8 linkedin
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
8150 views comments | 14 tweets | 27 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7619 views comments | 2 tweets | 2 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
7505 views comments | 6 tweets | 5 linkedin
Worldline to acquire SIX Payment ServicesWorldline to acquire SIX Payment Services
7246 views comments | 14 tweets | 24 linkedin

Featured job

Find your next job