RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of February 18, 2006 No. 54

About approval of Service regulations and uses Pos-terminalov in the territory of the Azerbaijan Republic

Due to the execution of Item 1.2.1 of the Order of the President of the Azerbaijan Republic "About additional measures in the field of enhancement of payment systems in the Azerbaijan Republic" of November 22, 2005 the No. 1114 Cabinet of Ministers of the Azerbaijan Republic decides:

1. Approve "Service regulations and uses Pos-terminalov in the territory of the Azerbaijan Republic" (are applied).

2. This resolution becomes effective from the date of signing.

Approved by the resolution of the Cabinet of Ministers of the Azerbaijan Republic of February 18, 2006 No. 54

Service regulations and uses Pos-terminalov in the territory of the Azerbaijan Republic

1. These rules are prepared according to the Order of the President of the Azerbaijan Republic "About additional measures in the field of enhancement of payment systems in the Azerbaijan Republic" of November 22, 2005 No. 1114.

2. For the purposes of these rules the following basic concepts are used:

2.1. Payment card - plastic (debit or credit) the card used by the card holder for payment of goods, works and services, and also for receipt of cash.

2.2. Transaction - complete or partial payment of goods, works and services to Pos-terminale by means of the international or local payment card.

2.3. The international payment card - the card emitted by the banks operating in the Azerbaijan Republic and being members of the international organizations (Visa, Master Card, etc.), or foreign banks, bearing logo of the international card organizations, used for carrying out transactions within the country and outside the country.

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