Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine.
NEW YORK — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its Mastercard said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work at Russian stores or ATMs.
Visa said it’s working with clients and partners in Russia to cease all Visa transactions over the coming days. The suspensions are a follow-up to more limited moves earlier in the week to block financial institutions from the networks that serve as arteries for the payments system. Russian people have already been Since the invasion of Ukraine, the value of the Russian currency, the ruble, has plunged by more than a third to a record low. That’s pushing up inflation for Russian households, and all the fear has helped cause some tremendously long lines at ATMs.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mastercard, Visa suspend operations in Russia after invasionNEW YORK (AP) — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine .
Weiterlesen »
Biden Administration Grants Visa Protections to Ukrainians in U.S.The Biden administration is granting Temporary Protected Status to Ukrainians present in the U.S. after their country came under attack, Homeland Security Secretary Alejandro Mayorkas announced on Thursday
Weiterlesen »
Visa to cut consumer credit fees for U.S. small businesses by 10% - documentVisa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a document seen by Reuters on Thursday.
Weiterlesen »
US to resume some visa services in Cuba after 4-year breakMost visas will continue to be processed in Guyana on the South American mainland — a costly and difficult journey away for most Cubans.
Weiterlesen »
Visa lowers merchant credit fees for small businessesVisa says it will lower its credit card “swipe” fees for online and in-store transactions by 10% for small businesses starting in April.
Weiterlesen »
Visa lowers merchant credit fees for small businessesVisa says it will lower its credit card “swipe” fees for online and in-store transactions by 10% for small businesses starting in April.
Weiterlesen »