OREANDA-NEWS. November 29, 2012. The Central Bank of the Republic of Azerbaijan held a meeting jointly with the Ministry of Taxes with respect to Regulations on Installation, Usage and Application of POS-Terminals in the territory of the Republic of Azerbaijan approved at Order # 219 of the Cabinet of Ministers of the Republic of Azerbaijan dated October 4, 2012.

Representatives from commercial banks and card processing entities were provided with in-depth information on usage of the software developed for e-registration and withdrawal from registration of POS-terminals, the procedure on rejection of installation of POS-terminals by a bank-acquirer followed by an exchange of opinions during the meeting.

The ways out of the problems likely to emerge when applying new Regulations, phased installation of POS-terminals throughout the country and other issues were among the matters touched upon during the meeting.