T-Bank denied information about the risk of problems with Visa and Mastercard cards

“The information is not true. T-Bank terminals and ATMs work correctly, made the necessary updates on time and support transactions with Visa and Mastercard cards,” he highlighted in the press service.

Previously, on December 13, T-Bank’s customer newsletter reported that some terminals would stop accepting Visa and Mastercard cards starting in early 2025. The email did not specify which specific devices and equipment were being addressed by which credit institutions. .

In mid-October, RBC sources in the payments market reported that at the end of 2024, Visa and Mastercard card chip security certificates will expire for some domestic credit institutions, after which their future performance will depend on the issuing and acquiring bank. bank.

Deputy Chairman of the VTB Board of Directors Georgy Gorshkov said that the restrictions may affect only a part of the transactions, so a card with an expired certificate “will definitely not become a brick.” The head of the Transaction Banking block of Sberbank, Dmitry Malykh, stated that the Central Bank and the National Payment Card System (operator of the Mir system) are working to ensure the operation of the cards after the expiration of the certificates.

Visa and Mastercard suspended their operations in Russia in March 2022, following the start of military operations in Ukraine. The cards of these payment systems, issued by Russian banks, continued to work within the country, but stopped working outside its borders and in foreign online stores.