Regulation and Compliance
January 16, 2025
Less than a month after Samsung announced the commencement of the Samsung Pay payment service in Russia, VTB24 has become the first partner of this service, powered by MultiCarta processing services and supported by Compass Plus. This project saw the implementation of the Mastercard Digital Enablement Service (MDES) with MultiCarta’s processing system. MDES provides safe cardholder data storage and transmission and allows users to pay for goods and services via an NFC-enabled smartphone instead of a payment card. The testing of a cloud-based Visa Token Service, which will enable customers to use their Visa cards to make mobile payments, is currently being completed. Read more here.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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