At the Olympic sites the company closes 30 payment points that accept Mastercard and American Express. Instead, in the Olympic Park in East London, and Excel will be the center of eight ATMs, which can only work with cards Visa. The company has received exclusive rights to payment transactions in the Games in London. Visa does not violate the antitrust laws, the head of government, "Moscow Legal Agency" Alex Linetsky:
"During the Olympic National Olympic Committees, as a rule, the requirements for the conduct of companies offering a variety of services to guests of the Olympics. Moreover, the company must provide a quality service, it still pays quite a serious contribution to the Olympic Committee for their very right to provide this service to make the provision of services, especially in advertising. I do not think that in this case, Visa or any other company that provides these services on an exclusive basis, violates the antitrust laws, including the national legislation of Great Britain. "
In Visa's belief that many of the participants and guests enjoy the Olympiad is their system. In the UK alone more than 100 million cards of this company. Experts note, Visa spent more to get exclusive rights than receive income from work at the Olympics. Competitors - Mastercard and American Express virtually nothing to lose from what turned out to be beyond the Olympics. Says Vice President "Spartak-bank" Paul Gennel:
"I think that is unlikely to be significant losses, it is rather a fashion course. The volume of withdrawals and payments, which will take place during the Olympics, will definitely big, but in the total turnover of all the world Mastercard and American Express is not likely to be even 1%. Likely to be even billions, it will be a few dozen, a hundred or two may be millions - within pennies of earnings of these systems. "
After the decision to close dozens of Visa payment settlements, without ATM were many objects of the Olympics, including Wembley Stadium. This is unacceptable, says one of the directors of the British Council on Payment Systems Ron Delnevo. He points out that more than 80% of transactions are used cash. In most Visa's say that for the first time at the Olympic Games will run contactless payment system. And cash is not required.
"During the Olympic National Olympic Committees, as a rule, the requirements for the conduct of companies offering a variety of services to guests of the Olympics. Moreover, the company must provide a quality service, it still pays quite a serious contribution to the Olympic Committee for their very right to provide this service to make the provision of services, especially in advertising. I do not think that in this case, Visa or any other company that provides these services on an exclusive basis, violates the antitrust laws, including the national legislation of Great Britain. "
In Visa's belief that many of the participants and guests enjoy the Olympiad is their system. In the UK alone more than 100 million cards of this company. Experts note, Visa spent more to get exclusive rights than receive income from work at the Olympics. Competitors - Mastercard and American Express virtually nothing to lose from what turned out to be beyond the Olympics. Says Vice President "Spartak-bank" Paul Gennel:
"I think that is unlikely to be significant losses, it is rather a fashion course. The volume of withdrawals and payments, which will take place during the Olympics, will definitely big, but in the total turnover of all the world Mastercard and American Express is not likely to be even 1%. Likely to be even billions, it will be a few dozen, a hundred or two may be millions - within pennies of earnings of these systems. "
After the decision to close dozens of Visa payment settlements, without ATM were many objects of the Olympics, including Wembley Stadium. This is unacceptable, says one of the directors of the British Council on Payment Systems Ron Delnevo. He points out that more than 80% of transactions are used cash. In most Visa's say that for the first time at the Olympic Games will run contactless payment system. And cash is not required.
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