Showing posts with label MasterCard. Show all posts
Showing posts with label MasterCard. Show all posts

Friday, December 26, 2014

Visa, MasterCard Stop Operating in Crimea Over US Sanctions





International payment systems Visa and Mastercard said they stopped issuing and servicing payment cards in Crimea over sanctions imposed on the region.


Two major US payment giants Visa and MasterCard have stopped servicing banks in Crimea because of the recent round of US sanctions imposed over the Black Sea peninsula's decision to reunite with Russia, the companies said Friday.
Visa said it stopped issuing and servicing payment cards in the region.

According to the company's Friday statement, MasterCard halts servicing payment cards issued by banks operating in Crimea.


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