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Iran CNP Transactions

  • EghtesadOnline: In what the Central Bank of Iran has referred to as the “first step in improving the security level of platforms for people’s monetary transactions”, the regulator has issued a directive stating that as of Feb. 4, all card not present (CNP) transactions without end-to-end encryption, except those aimed at paying public bills, will be prohibited and any bank that engages in them will be cut off from Shetab interbank and Shaparak payment networks.