Millikart to Function Independently from 1 Oct
The processing center of payment cards Millikart will start functioning independently from 1 October 2006 and become an organization limited responsibilities. The Center made the resolution in the first meeting of the Board of Directors of Mllikart Ltd on 26 September.
The handover procedures will be complete by the end of the week and the National and 18 founder banks will sign a contract on handover of property and immaterial property of the Processing Center of Card Payments. Following the commencement of the activities on 1 October the employees of the NBA working at the Center will be transferred to Millikart.
The gathering adopted the 34-member staff and discussed the structure of the organization, tariffs, development plan of the Center, as well different important issues.
The NBA signed a constituent agreement on its transfer to management of 18 banks. The Millikart was founded on 14 July 2006. The founders of the Center are Atabank, Azerdemiryolbank, Azerturkbank, Bank of Baku, CIBank Debutbank, Amrahbank, Khalgbank, Kredobank, the Azerbaijani Micro Finance Bank, Parabank, Rabitabank, Respublikabank, Bank Standard, Texnikabank, Turanbank, UniBank and Zaminbank.