Announcement of upcoming changes in the General Terms and Conditions for the servicing of payments with local and international cards at POS terminals – effective 29.05.2019

  • 03/28/2019
  • in force of 05/29/2019
  • Общи условия

Announcement of upcoming changes in the General Terms and Conditions for the servicing of payments with local and international cards at POS terminals – effective 29.05.2019

Dear Customers,

We would like to inform you that there will be changes, effective 29.05.2019, in the General Terms and Conditions for the servicing of payments with local and international cards at POS terminals, pursuant to a decision of the Management Board of UniCredit Bulbank AD.

The changes are made in accordance with the new changes in and the provisions of the Payment Services and Payment Systems Act, Ordinance No 3 of the Bulgarian National Bank on the Terms and Procedure for the Execution of Payment Transactions and Use of Payment Instruments, the Public Finance Act and Regulation (EU) 2015/751 of the European Parliament and of the Council of 29 April 2015 on interchange fees for card-based payment transactions.

By providing this announcement, UniCredit Bulbank AD fulfills its obligation as a payment services provider, pursuant to Art. 62 of the Payment Services and Payment Systems Act, to give a 2-month prior notice to its customers (payment services users) about any upcoming changes to the terms and conditions of the framework agreement concluded between the parties.

Within the 2-month period, the payment services user has the right to terminate the framework agreement with immediate effect. In the event where until the effective date of the changes the payment services user does not terminate the framework agreement, the payment services provider (UniCredit Bulbank AD) will consider that the payment services user accepts the changes.

The full text of the updated General Terms and Conditions can be viewed in the attached file.