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The document ceased to be valid since  November 6, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of August 31, 2016 No. 205

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 24, 2000 No. 331

About approval of Rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan

(as amended on 28-01-2016)

For the purpose of enhancement of the regulatory legal base regulating the address of payment cards in the Republic of Kazakhstan, the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan (further - Rules) and to enact them after two weeks from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan, except for Item 35, which becomes effective after three months from the date of enforcement of Rules.

2. To management of payment systems (Musayev R. N.):

1) together with Legal department (Sharipov S. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution and Rules;

2) in two weeks from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution and Rules to the attention of the interested divisions of central office and territorial branches of National Bank of the Republic of Kazakhstan.

3. To territorial branches of National Bank of the Republic of Kazakhstan to bring this resolution and Rules to the attention of banks of the second level and the organizations performing separate types of banking activities.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Zhangeldin E. T.

Chairman of National Bank

G. A. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan on August 24, 2000 No. 331

Rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan

1. General provisions

1. These rules of release of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan (further - Rules) determine procedure for release of payment cards when implementing payments with use of payment cards, and also requirements to activities for servicing of transactions with their use in the territory of the Republic of Kazakhstan.

2. Action of Rules does not extend to the systems of payment cards of the legal entity intended for rendering services only to workers of this legal entity.

3. In Rules concepts, the stipulated in Article 3 Laws of the Republic of Kazakhstan of June 29, 1998 "About payments and money transfers" (further - the Law on payments), by article 2 of the Law of the Republic of Kazakhstan of July 5, 2004 "About communication", and also the following concepts are used:

1) authorization - permission of the issuer to implementation of payment with use of payment card. The procedure of receipt of authorization is established according to the agreements signed between participants of system of payment cards;

2) pre-paid payment card - the payment card giving to her holder opportunity to make payments and/or to receive cash within amount of money, previously brought by her initial holder and considered on the consolidated account of the issuer. The microprocessor card or other special electronic means in which information about the available holder of such card or special electronic means to amount of money within which payments and other transactions are made is stored do not belong to pre-paid payment cards. In pre-paid payment card lack of the details allowing to identify her holder is allowed;

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