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    Diners Club International Chooses JSC Russian Standard Bank as the Core Settlement Bank of Diners Club Russia® for Operations in Russia

    JSC Russian Standard Bank and the international payment system Diners Club International® have entered into an agreement for settlement transactions of the payment system in the Russian Federation. Under the Agreement, JSC Russian Standard Bank will process settlement transactions of other banks acting as acquirers of Diners Club in the Russian Federation.

    ‘We were quite accurate and careful about choosing our new settlement bank although the time was against us. JSC Russian Standard Bank meets all requirements of the international payment system Diners Club International®, and has good business standing and market positions’, notes Andrey Damaskin, President of Diners Club Russia.

    ‘The credit card business is a strategic business area for Russian Standard Bank. Russian Standard is the only bank in the Russian market to issue and promote cards of all key global payment systems and we are happy that our experience and achievements in this area will help holders of Diners Club International® cards make payments and settlements in a convenient and secure way when using their cards in Russia. JSC Russian Standard Bank currently boasts the widest network accepting cards of the payment system Diners Club International® in Russia’, says Kamal Boushi, Executive Director of Russian Standard Bank for acquiring development and strategic projects.

    Transactions with Diners Club cards are planned to be fully resumed in Russia in the nearest term.

    16 Dec 2010