Russia’s answer to Amazon, Ulmart, has confirmed that it plans to IPO in the next year. Russia’s leading e-commerce company confirmed...
Just days after Russia’s central bank said both MasterCard and Visa are back in its good graces, the payment-card giants are being...
As Russia continues to suffer under the weight of plunging gas prices, a currency in free-fall, and crippling economic sanctions, the efforts...
The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen...
Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple...
Russia’s National System Of Payment Cards (NSPC) will materialize and start accepting payments in mid-December, according to a report Monday (Dec. 8)...
Russian shoppers are expected to spend up to $5.1 billion this year on foreign commerce websites, twice as much as they spent...
PayPal is jumping onto the cash-based electronic payments business trend in Russia, The Moscow Times reported. The online payment platform launched in Russia...
Several close aides to Russian President Vladimir Putin are now the target of a U.S. Justice Department probe into an elaborate money-laundering...
Russia may ban circulation of the U.S. dollar in the country, the Azeri-Press Agency reported on Wednesday (Nov. 5). A bill has...
Visa and MasterCard have won a reprieve from Russia’s demand that the card brands pay more than $1 billion each to continue...
At a briefing from the FBI and the U.S. Secret Service, authorities say that they no longer suspect the Russian government of...
After initial signs that MasterCard might resist new rules, which required billions of dollars of security deposits, the card brand has now...
Global financial-messaging network SWIFT will not unplug either Russia or Israel from the system unless the European Union officially adopts appropriate sanctions,...
Against the backdrop of global political tensions and tit-for-tat diplomatic and economic sanctions involving Russia and the United Nations, Russia is publicly...
The gray area that distinguishes a rival from a friend is amorphous anywhere in payments and E-Commerce, but no more so than...
Money transfers sent through kiosks in Russia have nearly doubled in the past year, according to Self Service World. Payment services provider...
British prime minister David Cameron is urging EU nations to cut off Russian banks from the SWIFT financial messaging network, in order...
The attack, which stole copies of gigabytes of banking and checking account details, hit JPMorgan Chase & Co. “and at least one...
The business travel itinerary is no longer limited to the already developed world, and while European and American markets are still growing,...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet...
Visa and MasterCard have a lot to contend with these days. With use of mobile devices for payment increasing, EMV on the...
Putin is considering to launch a national payments system in Russia.
The U.S. Treasury Department is capable of freezing Russia’s access to bank loans, credit cards, clearing and settlements of transactions, which would...
Russia Plans to Fine International Payment Systems for Freezing Accounts
05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s...