You're reading: Seven banks suffered from Visa, MasterCard actions

Seven banks suffered from the actions of Visa and MasterCard, the head of Central Bank's national payment system department, Timur Batyrev, said at a conference organized by the Association of Regional Banks of Russia.

“This concerns several hundred thousand cards issued by these three
banks, as well as by banks for which they were sponsors [settlement
banks],” he said, adding that the total number of banks affected was
seven.

Central Bank is “in the process of resolving these issues,” Batyrev
said, adding that the situation was not impossible to resolve.