UBRD Joins MasterCard as Principal Member

8 July 2016 (15:47)

UrBC, Yekaterinburg, July 8, 2016. The Ural Bank for Reconstruction & Development completed all the certification procedures and has recently been deemed one of MasterCard’s Principal Members, the bank’s press service reports.

The new status allows the bank to issue and process MasterCards and work directly with the system rather than through a Russian sponsor bank.

UBRD Bank Card Management Director Alexei Piskunov says this brings the bank to an entirely new level.

‘The new status will ensure a much better quality of service as well as offer the bank and its customers new opportunities for corporate social responsibility projects and salary account programs,’ he says.

As the Principal Member of MasterCard, the UBRD is planning to keep on developing its card options. For one, the bank is planning to introduce MasterCard Contactless technology by the end of the year.

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