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Russian Card Exec Freed To Build National Payment System?

According to a recent RAPSI article, Pavel Vrublevsky, the co-founder and owner of ChronoPay – one of Russia’s largest e-payment providers – was released on parole this week. Last summer, Vrublevsky was convicted of masterminding a DDoS attack on Aeroflot’s website in 2010 and sentenced to 2.5 years in prison.

Denis Dunyushkin, Vrublevsky’s spokesman, spoke with the news source earlier this week, and reported that Vrublevsky had been released.

In addition to masterminding the DDoS attack, investigators believe that Vrublevsky tried to terminate a service contract to sell e-tickets between Aeroflot and Assist in July 2010, which would have eliminated a rival firm.

A recent Finextra article cited reporter Irek Murtazin, who said that he had been informed that Vrublevsky was released as part of a deal to help build Russia’s new National Payment System. Furthermore, in a Russian blogpost, Murtazin said that Vrublevsky was made an “offer he couldn’t refuse.

Just last month, Putin approved amendments to recently enacted legislation he signed into law that had put Visa and MasterCard operations in Russia in jeopardy. According to reports, Putin approved amendments to a law that was introduced in response to Western sanctions against various Russian banks that led the two networks in March to stop offering services to customers of SMP-Bank and Bank Rossiya.

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