ORS integrated settlement system

The NPO of ORS (JSC) is an Operator and Settlement center of INTEGRATED SETTLEMENT SYSTEM Payment system. The ORS payment system consolidates on uniform technology and financial conditions of ATM network, points of cash disbursement and payment acceptance about 200 credit institutions under the uniform ORS trademark. Cumulative infrastructure of service of holders of bank cards consists of more than 35,000 ATMs and more than 4,000 offices of banks of participants now.

Ideology of the ORS Payment system – providing cards of participating bank of the greatest possible number of services to holders on the minimum wage rates, in most cases similar rates in own devices of participating bank. Difference of ORS is broad geographical presence in regions, brand recognition, universality of the provided services, simplicity of an algorithm of the made transactions and implementation of new services including unavailable to the international payment systems (IPS).

History

2014

The NPO of Objedinennaya raschetnaya sistema (JSC) which is the operator of the ORS Payment system and processing company Multikarta (enters into VTB Group) completed in the summer of 2014 the project of creation of host-to-host connection. In this Multikarta project acts as the operator of services of payment infrastructure of the above-stated Payment system as a result of creation of host-to-host connection of processing centers Multikarta's partner banks which entered PS ORS get access to extensive ATM network of this Payment system through Multikarta's interface that significantly simplifies for them the procedure of connection to a system. At the same time participants of PS ORS have a service opportunity in ATMs of partner banks of Multikarta.

Implementation of this project opens to banks new opportunities for increase in efficiency of retail business due to decrease in operating costs and costs for creation and support of own network of devices and also economy of investments on expansion of infrastructure and regional development. The organization of local clearing between PS ORS participating banks and banks by Multikarta's partners creates additional guarantees for ensuring uninterrupted acceptance of cards through the extensive network of devices of self-service numbering about 40,000 units.

2015

Since January, 2016 the NPO of ORS enters new economically attractive rates. So, the activity charge decreases from 0.05% to 0.04%; the commission of interbank remuneration raises from 0.45% to 0.50% for benefit of ekvayer; the monthly payment in the amount of 2,500 rubles for participation in a system is cancelled.

At the same time, since January 1, 2016 credit institutions need to organize interaction and receiving operational services and services of payment clearing in money transfers using cards of Ministry of Railways with JSC NSCP which settlement center is the Bank of Russia (the Instruction of the Central Bank of the Russian Federation No. 3493-U), after the specified date there are restrictions for a possibility of processing of operations with cards of Ministry of Railways and carrying out interbank settlements within the ORS Payment system. At the same time transfer process of transactions on routing through the National Payment Card System will not demand difficult settings that allows ORS participating banks to continue to work on operations with cards of Ministry of Railways until the end of the current year.

Today ORS provides to the participants a number of services and services which are not offered Ministry of Railways, and the number of new services constantly extends. The service of "Cash by code" is implemented (issue of money from personal accounts of mobile phones), implementation of such services as operations with cards of self-collection (on-line collection and transfer of funds for accounts of entrepreneurs by means of the banking application in cash-in devices and points of issue of nalichiny participating banks), the transactions "MobiCash" is planned in the nearest future (technology of payment of goods and services from customer accounts using QR codes, including without use of the payment card, by means of smartphones/tablets and applications of MobiCash). In a high stage of readiness there is a project on service of "e-wallets", its start will allow clients of participating banks to use network of ORS devices for replenishment and receiving cash from different "e-wallets".

ORS offers the partners work with payment systems American Express, UnionPay International (China) and JCB (Japan); interaction with local payment systems Zolotaya Korona, NCC, Union Card and JSC Arksbank. Negotiations with National bank of Tajikistan (Korti Millie payment system) and a number of banks of Mongolia within intersystem interaction and operations with local cards are completed.

Moreover, activity of ORS company, including as payment system, and partner mutually beneficial relations between participating banks will become stronger further in the direction of development of the offer of services, perspective for banks, and hi-tech services for their clients.