Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Russian Banks Stopped Working With Contact Money Transfer System
May 5, 2014 22:32


(Source: http://www.amanbank.kg)

About 15 Russian banks suspended cooperation with Contact money transfer system. This was provoked by negative information about the system's settlement bank – Russlavbank, whose top manager was charged with illegal banking.

The list of banks that suspended cooperation include Binbank, Sobinbank, Asian-Pacific Bank (ATB) and “Life” Financial Group banks. According to experts, banks' anxiety was caused by recent events that have occurred with Migom money transfer system, which was stripped of license next after its settlement bank Eurotrust.

Newspaper experts said the Contact is one of six socially important payment systems in Russia along with Sberbank and VTB payment systems. This is why the resumption of cooperation with it remains possible. "Everything depends on what awaits the Russlavbank as there are no complaints about the system," the information source said.

Russlavbank commented on this article. "The following list of the banks is about 3% of CONTACT affiliate network, and some of these partners have already returned to us. Some, out of remaining listed banks change payment scheme with CONTACT system. The rest transfer calculations to the second billing center, VTB Bank. Temporary suspension of cooperation with listed partners does not have significant impact, also because operations continue with the largest banks in the country: Uralsib, Avangard, Vozrozhdeniye, Asia-Pacific Bank, Transnational Bank, Investtorgbank, Intercommerts, Finam and others. We are now observing a positive response from our affiliate network, as we are one of the market's leaders with a work scheme comfortable for them," the press-service reported.

Earlier, Russlavbank officially stated that law enforcement agencies do not have claims to the organization as a legal person with regards of investigation.
 

The goal of the System Operator is to provide System Participants, Partners and Clients with the opportunity to render and/or receive CONTACT System services.

As the operator of the CONTACT Payment System, JSCB RUSSLAVBANK (CJSC) assumes the obligations associated with adhering to the requirements of the quality management system and quality standard ISO 9001:2008, and with constantly improving the performance of the quality management system in place at the Bank.

CONTACT is a cash remittance system for private individuals. One can use the CONTACT system to remit cash up to 4 950,00 EUR/USD (depending on the country) to your relatives and friends in more than 110 countries quickly and at a low price without opening a bank account.

 

 




Author: Anna Dorozhkina

Tags: Russian banks     

Next Previous

You might also find interesting:

The Russian Economy Has Reached Bottom And Pushed Off From It Anapa Will Host Open Film Festival Of CIS and Baltic Countries Top 3 Most Absurd Sanction-Defying Proposals Russia Resumes its Naval Presence in the World Oceans Criteria for Choosing a Bank to Open a Settlement Account in Russia









Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Mercedes-Benz Fashion Week Russia  Russian science  contracts  Russian scientists  Moscow Multimedia Art Museum  Russian fashion designer  Yuri Gagarin  Volzhsky  Regional Cuisines  Moscow gardens  space  Urals  Moscow  Exhibitions in St. Petersburg  Russian cuisine  New Year’s Day  Exhibitions in Moscow  Yeniseysk   Russian business  Passenger Cars  Sochi Olympic Games 2014  new aircrafts  Moscow Museum of Oriental Arts  Smolensk  Patriotic Musical Holding  Russian sportswomen  Alexandr Solzhenitsyn  Olympic Games 2012  Russian souvenirs  Russian tourism  Konstantin Ernst  Russian economy  Russian politics  Moscow Museums  Gennady Troshkov  Zenit St. Petersburg  adoption  Olonets  Russian Cinema  St. Petersburg  Penza  Pussy Riot case  Theaters of Russia  Russian theatres  Russian bureaucracy  Buryat Republic  visa-free regime  Book Tickets for Ballet  Russian people  Elks 


Travel Blogs
Top Traveling Sites