Russia

Staples Cyberthieves Also Got $25 Million From Russian Banks

Staples Cyberthieves Also Got $25 Million From Russian Banks
Staples Cyberthieves Also Got $25 Million From Russian Banks
December 23, 2014  |  Cross-border Payments

The Russian cyberthieves believed to be responsible for retailer payment-card breaches at Staples, Bebe Stores and 14 other chains have also stolen an estimated $25...

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Apple Shuts Down Russian E-Sales Due to Ruble
Apple Shuts Down Russian E-Sales Due to Ruble
December 17, 2014  |  Cross-border Payments

Apple took the unusual move Tuesday (Nov. 16) of shutting down all of its online sales in Russia due to what Apple said were “extreme”...

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Russian Payment Card To Materialize Mid-Month
Russian Payment Card To Materialize Mid-Month
December 09, 2014  |  Cross-border Payments

Russia’s National System Of Payment Cards (NSPC) will materialize and start accepting payments in mid-December, according to a report Monday (Dec. 8) in a prominent...

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Russian Shoppers To Double Ecommerce Spending
Russian Shoppers To Double Ecommerce Spending
November 20, 2014  |  Cross-border Payments

Russian shoppers are expected to spend up to $5.1 billion this year on foreign commerce websites, twice as much as they spent in 2013, The...

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Money-Laundering, Russian Style
Money-Laundering, Russian Style
November 06, 2014  |  Cybersecurity

Several close aides to Russian President Vladimir Putin are now the target of a U.S. Justice Department probe into an elaborate money-laundering scheme involving the...

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Moscow Cracks Down On The Dollar
Moscow Cracks Down On The Dollar
November 06, 2014  |  Cross-border Payments

Russia may ban circulation of the U.S. dollar in the country, the Azeri-Press Agency reported on Wednesday (Nov. 5). Get the Full Story Complete the...

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Putin Puts Visa/MC Deadline On Ice
Putin Puts Visa/MC Deadline On Ice
October 24, 2014  |  Cross-border Payments

Visa and MasterCard have won a reprieve from Russia’s demand that the card brands pay more than $1 billion each to continue operating in the...

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