The cooperation of Sberbank of Russia with the American international payment system (MPS) Mastercard, founded in 1966 (with headquarters in New York and a permanent representative office in Moscow), occurs by selling a license to the bank, as well as storing the deposit of this bank with this system. . The base card for the interaction of the largest domestic financial market player with the “legislator of online settlements” is the Sberbank Mastercard Standard card.
For its part, Sberbank receives the right to issue cards belonging to the trademark company: Mastercard, Mastercard Electronics, Cirrus, Maestro. The currency for international payments is the US dollar as well as the euro. Servicing of cards from MPS “Mastercard” to Sberbank is guaranteed in any country in the world. This, of course, is very convenient for customers, as it relieves them of obvious inconvenience when storing and transporting cash.
Bank cards of this system allow you to perform transactions both in real time (ATMs, POS-terminals , etc.) and in virtual (Internet transactions).
In order to receive a Mastercard card (Sberbank), an individual applies to any branch of this banking institution, having identity documents with him.
Briefly describe the typical cards of this system for Sberbank.
The first group: electronic, the cheapest Maestro cards from all that Mastercard offers. Sberbank practices their use for salary projects. Sberbank- “Maestro” “social” card is used to issue pensions and social benefits to citizens . Abroad, with their help, you can withdraw cash from ATMs.
The second - “Mastercard Electronic” - is intended solely for electronic service, bypassing the risks present when servicing in acquiring.
“Mastercard Mass” (standard) is a base card of the “classic” category, which has full functionality both domestically and abroad. By the way, it has greater potential for maximum cash withdrawals than the “Visa” of the same class (meaning the so-called Bean limit).
Has Sberbank "Mastercard Gold". In addition to full functionality, this card includes additional opportunities for obtaining discounts for hotel and trade services, attending cultural events. These cards traditionally have popular health insurance programs when traveling abroad.
It should also be noted a number of premium-class cards licensed by the Mastercard payment system that are not issued (not manufactured) by Sberbank. This is “Mastercard Platinum”, which implies an increased credit limit, individual banking services, concierge service. The highest premium class - “Signy Mastercard” - a card that involves around-the-clock support and a personal manager.
Speaking about the cooperation of banks with payment systems, it should be recognized that we are not always dealing with harmony of interests. This refers to precedents when the American "Mastercard" and "Visa", acting as monopolists, unjustifiably increased the cost of licenses and the size of deposits for banks - members of the payment system. In these cases, there is a practice of disputes between the antitrust committees of states (USA, Austria, Poland, Israel) and the IPU. Switzerland and the United Kingdom constantly monitor the activities of the Ministry of Railways in their domestic market. Although, on the other hand, developing on its high-tech platform, “Mastercard” and “Visa” are certainly promising and determine the universality of many “card” banking products.