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Russia
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InternationalRussian Antivirus Firm Duped Rivals With Fake Malware
Former employees of one of the world’s largest security companies are claiming the firm purposely triggered its antivirus software to misidentify malicious...
- International
China’s Quest To Prompt More Cross-Border eCommerce
The Chinese government released on Saturday (June 20) a series of guidelines to support cross-border eCommerce, its new pet project. China-based eCommerce...
- International
Alibaba Plotting an eCommerce Revolution With Russia
After less than a month, Alibaba CEO Jack Ma is back in Russia to attend the St. Petersburg International Economic Forum, but also...
- Controversial
From Russia, With Luxury (Retail)
Depending on one’s age and nationality, the word “Russia” will conjure any number of images. Some beautiful. Some terrifying. And others are...
- International
Alibaba opens office in Russia
Alibaba is doing well. So well that its owner, Jack Ma, decided to expand to Russia, following long time rival eBay as...
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NewsIRS Skipped Steps That May Have Prevented Breach
IRS is in the eye of the tiger, as the agency’s inspector general told Congress yesterday that the IRS failed to implement...
- News
IRS Points Toward Russia As Breach Source
When the news of the IRS data breach hit earlier this week (May 26), IRS Commissioner John Koskinen said the agency was...
- Alternative Finances
Bitcoins Are Back in Business in Russia
Bitcoins will be be allowed in Russia after all. At least for now. In January, Russian telecommunications regulator Roskomnadzor banned access to...
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InternationalAndroid Malware Creator And Gang Nabbed In Russia
Russian police have arrested five alleged members of a cybercrime gang responsible for Android malware that both stole payment card data and...
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InternationalCredit Card Cybercriminal Sentenced To 12.5 Years
A New Jersey man has been sentenced to more than 12 years in prison and a $50 million fine for his part...
- Europe
PayPal/eBay First To Bend To Russia’s New Data Rules
Despite complaints that the new rules are costly and difficult to follow, PayPal and its parent company eBay have announced that they...
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InternationalRussia Unlikely To Be Banned From SWIFT Network
Despite pressure from politicians, the U.S. and its allies won’t push to expel Russia from the SWIFT global financial-messaging network, Bloomberg News...
- B2B Payments
Heavy Regulation Won’t Stop Russia’s B2B E-Commerce Growth
Russia’s business-to-consumer e-commerce industry yields more than $8 billion a year, but economists are now focusing on the strengthening presence of B2B...
- News
JPMorgan’s Military-Style Cybersecurity Response
JPMorgan Chase is not taking cyberthreats lightly. On the contrary, it has chosen to respond to them with military-grade strength when it...
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AcquiringMasterCard, Visa Win Back Crimea Payments Market
Once transaction processing for Visa and MasterCard has been transferred to the new Russian National Payment Card System in April, the cards...
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Apple PayVisa Pushes Tokens For Apple Pay — And Beyond
Visa is already looking beyond Apple Pay. The world’s largest payment-card brand announced on Thursday (Jan. 29) that it beat analysts’ expectations,...
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InternationalShoppers Drop the Ruble, Russian Retail Sales Roll
To offset the effect of the sinking ruble, Russian consumers have been buying — and business is good. In the midst of...
- Europe
Russia Warns Exclusion From Swift Tantamount To “War”
Andrei Kostin, chief executive of Russia’s second-largest bank VTB, warned Friday that keeping his country from the Swift banking payment system would...
- Europe
Russian e-Commerce Giant Ulmart Heading Toward IPO
Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed...
- Europe
In Russia’s Wake, Belarus Wants Visa And MasterCard Alternatives
Just days after Russia’s central bank said both MasterCard and Visa are back in its good graces, the payment-card giants are being...
- What's Hot
Bitcoin Websites Banned in Russia
As Russia continues to suffer under the weight of plunging gas prices, a currency in free-fall, and crippling economic sanctions, the efforts...
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InternationalStaples Cyberthieves Also Got $25 Million From Russian Banks
The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen...
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EuropeApple Shuts Down Russian E-Sales Due to Ruble
Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple...
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EuropeRussian Payment Card To Materialize Mid-Month
Russia’s National System Of Payment Cards (NSPC) will materialize and start accepting payments in mid-December, according to a report Monday (Dec. 8)...
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InternationalRussian Shoppers To Double Ecommerce Spending
Russian shoppers are expected to spend up to $5.1 billion this year on foreign commerce websites, twice as much as they spent...
- Europe
PayPal Offers Cash Option in Russia
PayPal is jumping onto the cash-based electronic payments business trend in Russia, The Moscow Times reported. The online payment platform launched in Russia...
- News
Money-Laundering, Russian Style
Several close aides to Russian President Vladimir Putin are now the target of a U.S. Justice Department probe into an elaborate money-laundering...
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InternationalMoscow Cracks Down On The Dollar
Russia may ban circulation of the U.S. dollar in the country, the Azeri-Press Agency reported on Wednesday (Nov. 5). A bill has...
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InternationalPutin Puts Visa/MC Deadline On Ice
Visa and MasterCard have won a reprieve from Russia’s demand that the card brands pay more than $1 billion each to continue...
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NewsFeds Figure Out Who Did Not Attack Chase
At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of...
- Europe
MasterCard Stays The Course On Russia
After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now...
- B2B Payments
SWIFT Says It “Has No Authority” To Unplug Russia Or Israel
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions,...
- Europe
How The Russians Plan To Ignite Their Own Payments System
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly...
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NewseBay Embracing Some Of Its Russian Rivals
The gray area that distinguishes a rival from a friend is amorphous anywhere in payments and E-Commerce, but no more so than...
- Alternative Finances
Kiosk-based Money Transfers In Russia Double
Money transfers sent through kiosks in Russia have nearly doubled in the past year, according to Self Service World. Payment services provider...
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NewsSwift Moves to Ban Russia
British prime minister David Cameron is urging EU nations to cut off Russian banks from the SWIFT financial messaging network, in order...
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Breach Round UpHuge Cyberattack Hits JPMorgan
The attack, which stole copies of gigabytes of banking and checking account details, hit JPMorgan Chase & Co. “and at least one...
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B2B PaymentsThe B2B Frustration: The Hottest Biz Travel Spenders Have The Least Friendly Payment Environments
The business travel itinerary is no longer limited to the already developed world, and while European and American markets are still growing,...
- Europe
Russia Backs Off Deadline For Visa, MasterCard Security Deposits
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet...
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HmmmVisa and MasterCard CEOs Discuss EMV, Mobile and Russia
Visa and MasterCard have a lot to contend with these days. With use of mobile devices for payment increasing, EMV on the...
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InternationalAfter Russian Sanctions, Putin Considering National Payments System
Putin is considering to launch a national payments system in Russia.
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InternationalUkraine Crisis May Force Russia Out of Markets
The U.S. Treasury Department is capable of freezing Russia’s access to bank loans, credit cards, clearing and settlements of transactions, which would...
- International
Russia Plans to Fine International Payment Systems for Freezing Accounts
Russia Plans to Fine International Payment Systems for Freezing Accounts
- Europe
Russia To Amazon: ‘No Chance’
05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s...
