Visa

Tag: Visa

Russia to ease operation terms for Visa and MasterCard

Russia’s Ministry of Finance has published a draft resolution to ease the terms of operation for Visa and MasterCard before they are assigned the status of nationally significant card payment systems.

13:04 25.06.2014

Russian parliament mulls relaxing rules for Visa and MasterCard

The State Duma Financial Markets Committee will hear amendments to the law on the national card payment system to relax requirements for Visa and MasterCard after the four-day holiday in mid-June, said committee head Natalya Burykina.

14:46 06.06.2014

Visa, MasterCard to remain in Russia

Visa and MasterCard have reached preliminary agreement on the terms of operating in Russia with the authorities, according to the companies' statements made on Friday.

14:42 23.05.2014

Sanctioned Russian bank won't go after Visa, MasterCard

SMP Bank, one of the banks affected by sanctions from the US, does not intend to sue Visa or MasterCard international payment systems at this point although there would be a good chance of winning such a suit, an official representative of the Russian loan organization told RIA Novosti.

17:16 20.05.2014

Visa and MasterCard block Rotenberg’s bank operations

Visa and MasterCard payment systems on Friday blocked operations with SMP Bank owned by Russian businessmen Arkady and Boris Rotenbergs added to a list of targeted economic sanctions by the United States on Thursday, according to the bank’s statement.

12:14 21.03.2014