Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/28 05:05   Russia political and economic calendar: May 28
 
05/28 05:00   INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
05/27 20:00   Sobyanin to seek re-election, as he views completing Moscow life-improving programs as his duty
 
05/27 18:49   Number of Russian naval ships in Mediterranean to be rapidly changed depending on its tasks - commander-in-chief
 
05/27 17:39   Australia's allegations of Moscow's involvement in MH17 crash groundless - Russian ambassador to Australia
 
05/27 15:09   Court arrests 6 opposition activists in Azerbaijan, one of them lived in Russia
 
05/27 14:28   Two SBU's Alfa Group servicemen killed in Donbas, another heavily wounded - press service
 
05/27 13:14   Macron to visit Azerbaijan at end of year - French FM
 
05/27 13:04   Paris to continue efforts in Karabakh settlement - French FM
 
05/27 12:23   Four Russian troops killed in militants' attack in Syria, over 40 militants eliminated - Russian Defense Ministry (Part 2)
 


 

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, 2018
 
05:05
Russia political and economic calendar: May 28
 
05:00
INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
May 27, 2018
 
20:00
Sobyanin to seek re-election, as he views completing Moscow life-improving programs as his duty
 
18:49
Number of Russian naval ships in Mediterranean to be rapidly changed depending on its tasks - commander-in-chief
 
17:39
Australia's allegations of Moscow's involvement in MH17 crash groundless - Russian ambassador to Australia
 
15:09
Court arrests 6 opposition activists in Azerbaijan, one of them lived in Russia
 
14:28
Two SBU's Alfa Group servicemen killed in Donbas, another heavily wounded - press service
 
13:14
Macron to visit Azerbaijan at end of year - French FM
 
13:04
Paris to continue efforts in Karabakh settlement - French FM
 
12:23
Four Russian troops killed in militants' attack in Syria, over 40 militants eliminated - Russian Defense Ministry (Part 2)
 
12:07
 
12:06
Four Russian troops killed in militants' attack in Syria, over 40 militants eliminated - Russian Defense Ministry
 
11:53
FOUR RUSSIAN MILITARY ADVISERS KILLED IN SYRIA, THREE MORE WOUNDED IN MILITANTS' ATTACK IN DEIR EZ-ZOR GOVERNORATE - RUSSIAN DEFENSE MINISTRY
 
11:51
Two Russian military advisers killed, 5 wounded in militants' attack - Russian Defense Ministry
 
 more headlines 



Interviews
 

.
The director of the Executive Committee of the SCO Regional Anti-Terrorist Structure, Yevgeny Sysoyev, gave an interview to Interfax in which he discussed threats that Russia and the world face in the light of ISILs transformation, as well as the structures achievements in the fight against terrorism.

more
.
.
Ahead of his visit to Moscow newly-elected Austrian Chancellor Sebastian Kurz has given an interview to Olga Golovanova for Interfax. In the interview he speaks about his expectations from the upcoming meeting with the Russian president, his vision of solving the energy-security problem in Europe, the migration crisis, and explains conditions under which some sanctions could be lifted from Russia.

more
.
.
Palestinian Ambassador to Russia Abdel Hafiz Nofal has given an interview to Interfax correspondent Veronika Vishnyakova ahead of a visit of Palestinian leader Mahmoud Abbas to Russia in which he speaks about the main topics of the upcoming Russian-Palestinian summit, prospects for the Palestinian-Israeli settlement and the initiative of creating a new mediating mechanism for the Palestinian-Israeli settlement.

more

 
  
 ©   1991—2018   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