27 Sep 16 @ 13:16

Ten years after the founding of the Payment Card Industry Security Standards Council (PCI SSC), we present a mid-term report on the industry’s data security efforts. As both cyber attacks... read more

03 Aug 16 @ 07:28

THE EUROPEAN COMMISSION is proposing to expand its anti-money-laundering rules to cover virtual currencies and prepaid cards, in a bid to fight terror financing and tax evasion as revealed in... read more

02 Feb 16 @ 10:14

Russia has launched its own domestic payment system, aiming to boost its financial independence and compete with international payment systems, such as Visa and MasterCard. The Bank of Russia and... read more

02 Oct 14 @ 15:23

Russia’s MDM Bank has partnered with Chinese payment network UnionPay (UP) to issue UP-branded cards. Other Russian banks, including Alfa Bank, Gazprombank and Bank of Moscow are also preparing to... read more

29 Jul 14 @ 21:56

The launch of RuPay in India and plans for a Russian payment network indicate a resurgence in domestic schemes, but at what cost to the international players? While Europe’s banks... read more

29 Jul 14 @ 21:41

Visa and MasterCard have reached a compromise agreement with Russian officials that would allow the global payment networks to continue operating in the country. Russia’s finance minister, Anton Siluanov, said... read more

30 May 14 @ 11:25

One of the consequences of the ongoing Russia/Ukraine crisis has been the imposition of economic sanctions against Russia, something which has provoked a stringent response from the country’s president Vladimir... read more