New identification standards won’t affect banks’ performance, SKB-Bank says
16 January 2008 (09:09)
The new law on identification requirements for people who make bank payments came into effect on January 15, 2008.
'The Federal Law 275 that makes it obligatory for banks to supply some information on the payment-makers is not going to affect the banks’ performance or create difficulties for their customers,’ says SKB-Bank’s Commission-based Services Director Lyudmila Belyaeva.
'To start with, banks are already using a certain amount of personal data for processing payments, when they handle money orders, for instance. So, most banks’ customers are already used to having their passports with them when going to a bank,’ she adds.
'Then, the identification procedure is nothing complicated; nor does it infringe on the customers’ privacy. The law only requires their last, first, and middle names and their place and date of birth, which is not likely to be hard for banks to tackle,’ Ms Belyaeva notes.
'The Federal Law 275 that makes it obligatory for banks to supply some information on the payment-makers is not going to affect the banks’ performance or create difficulties for their customers,’ says SKB-Bank’s Commission-based Services Director Lyudmila Belyaeva.
'To start with, banks are already using a certain amount of personal data for processing payments, when they handle money orders, for instance. So, most banks’ customers are already used to having their passports with them when going to a bank,’ she adds.
'Then, the identification procedure is nothing complicated; nor does it infringe on the customers’ privacy. The law only requires their last, first, and middle names and their place and date of birth, which is not likely to be hard for banks to tackle,’ Ms Belyaeva notes.
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