In the Russian Federation, deposit of money on virtual cards will be restricted

Banks are preparing to restrict the deposit of money on virtual cards issued less than two days ago. This was reported to Izvestia by the largest players in the market. They plan to join a new security service from the NSPC, which is going to be launched in the spring of 2025. It will allow, on behalf of the bank, to limit the operations of depositing money on tokenized (or virtual) cards, if they were issued less than two days ago.

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We are talking about cards that are generated in a banking application or in a separate special utility (for example, Mir Pay) and stored on the mobile device where they are issued. But several tokens can be issued to one physical "plastic" on different devices.

VTB told Izvestia that they support its implementation. They plan to launch the service in PSB (they are already working on its implementation), as well as in OTP Bank and Dom.RF Bank. Novikom Bank, Pochta Bank and BBR Bank are also considering the possibility of introducing the NSPK service.

Such a service was required, as in Russia now massively spreads the method of deception with tokenized cards, wrote earlier "Izvestia". Attackers persuade the client to link in his electronic wallet, for example in Mir Pay, a certain virtual card, and then through an ATM to transfer cash to it allegedly for the sake of their salvation. True, the owner will never see them again. In this case, the person does not worry about security, as he uses his own phone.

Read more in the Izvestia exclusice piece:

Token of consciousness: in the Russian Federation will limit the deposit of money on virtual cards