Blocking of Overseas POS Terminals Continues

The nationwide payment settlement network, Shaparak, announced Wednesday that it continues blocking Iranian Point of Sale devices operating abroad.  
Extending a series of efforts launched since last winter to clamp down on the illegal activities of such payment instruments overseas, the key payment regulator said it has blocked more than 1,750 devices so far. 
The widespread blocking came after the Central Bank of Iran enforced a decision in February to ban such systems in foreign countries spurred by growing concern that access to such devices was helping the huge outflow of money and disruption in the domestic financial market. 
“All transactions are under continuous monitoring through different methods to prevent any misdoings by using the overseas POS terminals”, Shaparak said on its website.