Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/28 21:54   Slain Armenian family's successors seek 450,000 euro compensation from Russia
 
05/28 21:14   Russia to show off 60 military products at Kazakhstan arms exhibition
 
05/28 20:54   Calls on Rome to solve sanctions problem with Russia should continue - Forte dei Marmi mayor
 
05/28 20:32   St. Petersburg policeman gets suspended sentence for beating pastor
 
05/28 20:12   Kyiv reaffirms loyalty to West by appointing Rasmussen as presidential advisor - political analyst Pavlovsky
 
05/28 19:42   Kyiv lifts sanctions on 29 foreign journalists, including Russia's - Poroshenko's decree
 
05/28 18:05   Italian man becomes new Vatican ambassador to Russia
 
05/28 17:51   Syrian troops to attack terrorist positions with support from Russian Aerospace Forces - Syrian ambassador to Russia
 
05/28 17:46   Eight "A" doping samples of Russian athletes from London Olympics test positive (Part 2)
 
05/28 17:40   Eight "A" doping samples of Russian athletes from London Olympics test positive
 




 

Interfax.com  |  Interfax news  |  Seven banks suffered from Visa, MasterCard...


News headlines


March 21, 2014 18:09

Seven banks suffered from Visa, MasterCard actions - CB official (Part 2)

MOSCOW. March 21 (Interfax) - Seven banks suffered from the actions of Visa and MasterCard, the head of Central Bank's national payment system department, Timur Batyrev, said at a conference organized by the Association of Regional Banks of Russia.

"This concerns several hundred thousand cards issued by these three banks, as well as by banks for which they were sponsors [settlement banks]," he said, adding that the total number of banks affected was seven.

Batyrev did not disclose the names of these banks, as the Central Bank is not commenting on the banks in question.

The U.S. Department of the Treasury placed sanctions on Bank Rossiya on Thursday, as well as on two of the bank's shareholders: Yury Kovalchuk and Gennady Timchenko. SMP Bank, Investcapitalbank and Sobinbank, a Bank Rossiya subsidiary, were also subjected to sanctions.

"The current situation concerns processing , that is, we are actually talking about information processing that takes place at the processing center of the respective payment system and is not connected with the organizations of the three banks included in this list [the list of banks subjected to U.S. sanctions in connection with the events in Ukraine]," he said.

"There are certain issues with the international payment systems," Batyrev said, adding that the Central Bank is "in the process of resolving these issues."

The "scale of disaster" is not very substantial, he said, and the measures taken by Visa and MasterCard largely concern payroll cards.

"Overall, cardholders did not suffer because they can withdraw funds from their accounts at bank branches," Batyrev said.

Additionally, he said he believed the situation surrounding the inability to pay with cards issued by the sanctioned banks could be resolved through reserve banks. After the license of Master Bank, which carried out processing for a number of banks, was withdrawn last fall, cardholders were unable to make payments with their cards. After this, the Central bank recommended that banks have "reserve" partners for such services.

"Having learned from Master Bank's experience, we have established recommendations [on how to] act in such situations. Among other things, they include the requirements for payment system operators, settlement banks, acquiring banks and emitting banks in reserving their services to guarantee the uninterrupted operation of these payment systems," Batyrev said.

He did not rule out the possibility for the affected banks to resume card services through partner banks. This procedure could take a few days, he said.

Kh ak

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

May 28, 2016
 
21:54
Slain Armenian family's successors seek 450,000 euro compensation from Russia
 
21:14
 
20:54
Calls on Rome to solve sanctions problem with Russia should continue - Forte dei Marmi mayor
 
20:32
St. Petersburg policeman gets suspended sentence for beating pastor
 
20:12
Kyiv reaffirms loyalty to West by appointing Rasmussen as presidential advisor - political analyst Pavlovsky
 
19:42
Kyiv lifts sanctions on 29 foreign journalists, including Russia's - Poroshenko's decree
 
18:05
Italian man becomes new Vatican ambassador to Russia
 
17:51
Syrian troops to attack terrorist positions with support from Russian Aerospace Forces - Syrian ambassador to Russia
 
17:46
Eight "A" doping samples of Russian athletes from London Olympics test positive (Part 2)
 
17:40
Eight "A" doping samples of Russian athletes from London Olympics test positive
 
17:22
IOC NOTIFIES ROC OF POSITIVE RESULTS OF TESTS ON EIGHT "A" SAMPLES TAKEN FROM RUSSIAN ATHLETES DURING LONDON OLYMPICS - RUSSIAN OLYMPIC COMMITTEE'S STATEMENT
 
17:03
Control over Raqqa freed from terrorists must be handed over to Syrian authorities - Kosachyov (Part 2)
 
16:58
No significant risk of Zika virus spread during Rio Olympics - Rospotrebandzor chief
 
16:49
Control over Raqqa freed from terrorists must be handed over to Syrian authorities - Kosachyov
 
 more headlines 



Interviews
 

.
U.S. Department of State Special Envoy and Coordinator for International Energy Affairs Amos Hochstein has given an interview to Interfax‘s special correspndent in the United States Ksenia Baygarova in which he speaks about why the United States has started to export oil and gas, how realistic the intention of oil producing countries to freeze oil production is, and how U.S. energy companies react to sanctions against Russia.

more
.
.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about LondonСs position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more

 
  
 ©   1991—2016   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100