Subscription and demo access

About Interfax
Press Releases
Products & Services
Contact Us
Customer Login


01/30 18:21   Defense still paramount to Russia despite economic woes - NATO
01/30 18:20   By depriving Russia of voting rights, PACE causes itself major damage - Russian Foreign Ministry
01/30 18:17   Vimpelcom Ltd. sells 51% of Omnium Telecom Algeria, formerly Djezzy, to Algeria (Part 2)
01/30 18:12   Kyiv expects ceasefire to be signed in Minsk on Saturday
01/30 18:11   Shuvalov: Russian govt has no liberals or conservatives
01/30 18:09   Yamal LNG approves $4.6 bln in bonds, to receive 150 bln rubles from NWF (Part 2)
01/30 18:06   Russia has to respond to creation of missile defense system by U.S. - General Staff (Part 2)
01/30 18:00   Uzbekistan raises two loans from JICA for $126 mln
01/30 18:00   Ukraine blames militias for civilians deaths in Donetsk
01/30 17:59   Rosneft completes formation of order book for Zvezda shipyard - USC  |  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

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.



First name:


Last name:


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:

January 30, 2015
Kyiv expects ceasefire to be signed in Minsk on Saturday
Shuvalov: Russian govt has no liberals or conservatives
Yamal LNG approves $4.6 bln in bonds, to receive 150 bln rubles from NWF (Part 2)
Russia has to respond to creation of missile defense system by U.S. - General Staff (Part 2)
Uzbekistan raises two loans from JICA for $126 mln
Ukraine blames militias for civilians deaths in Donetsk
Russia could help Belarus financially if need arises
Sokol plant to begin full assembly of MiG-29M aircraft
Alexander Levkovsky named to head SMP Bank
Russia to continue participation in Council of Europe Committee of Ministers - Foreign Ministry
Russian investigators probing Donetsk shelling
Russia and CIS political and economic calendar: February 1 - April 24
Russian naval ships conduct live exercise in Mediterranean - Defense Ministry (Part 2)
 more headlines 


Russian Foreign Minister Sergei Lavrov has given an interview with Interfax, in which he summed up the results of this foreign policy year and spoke about the priorities of Russian diplomacy in 2015

Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.

Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.


 ©   1991—2015   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:   |   IFX.RU   |   Interfax Group   Rambler's Top100