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New processing center in Russia
6.04.2011 12:49
New processing center in Russia

MasterCard to create a local processing center in Russia to keep the market
      This will cause a total protection of information about transactions on Russian accounts. This changes were imposed by the State, issuing a new law about the ban of transfer abroad transactions data from Russia. With the new law the working principles of the most popular payment systems MasterCard and Visa will be modified. When using a card, the signal from ATM comes to a processing center and after that it goes to the bank. Until now MasterCard has worked with only two processing centres outside Russia.
      According to the Moscow Times, building Russian center may cost MasterCard about $20 million, it is almost company's half annual profit, but MasterCard is ready to spend this money.
Author: Ksenia Dzhalagonia


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