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Friday, August 18, 2017

The Bank of Moscow implements non-cash payment system for housing services, utilities

The Bank of Moscow has implemented a payment service for customers in the Lyuberetsky municipal district that allows them to pay for housing services and utilities using their bank cards.

The system has enabled 100,000 residents of the district to pay their bills with the cards without being charged a commission. The transactions use the most recent 3-D Secure technology to increase the security of the operations.

The Lyuberetsky Municipal Housing Trust is one of the largest housing services enterprises in the Moscow region, providing technical operations, repairs and maintenance to the 854 residential houses located in the city of Lyubertsy.

Similar projects have been implemented with municipal housing services in the Reutov and Domodedovo districts.

"The Bank of Moscow has a long-term successful experience in the sphere of processing of payments for housing services and utilities both in Moscow and in the Moscow region," Denis Seredenko, the director of e-commerce and electronic channels development at the Bank of Moscow, said. "This service implemented by the Bank allows citizens to make payments for housing services and utilities online and without commission, and it enables the maintenance company to increase the collection and reduce the number of debtors."