The analyst spoke about the importance of re-issuing old cards of foreign payment systems

An expired bank card from foreign payment systems poses a risk for fraud, and it must be replaced to secure accounts. This was announced on July 14 by an analyst of the financial platform "Banks.<url>" by Erania Bochkina in an interview with the Prime agency.

"The longer the card is in circulation, the higher the risk of its compromise, and plastic authentication by expiration date is one of the ways to protect against intruders," the analyst believes.

According to her, many Russian banks have replaced expired customer cards by issuing them under the Mir system. Bochkina clarified that foreign cards are gradually being withdrawn from circulation against the background of the development of the national payment system in the country.

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On July 3, Alla Bakina, head of the Department of the National payment system of the Central Bank of the Russian Federation, said that the regulator wants to limit the validity period of expired bank cards. She clarified that the card's validity period is one of the elements hindering the Bank of Russia's anti-fraud operations.