OREANDA-NEWS. May 06, 2009. Russian Agricultural Bank has installed its 1000 ATM in the framework of the payment system project. As of today RAB is a full member of VISA and MasterCard international payment systems. The Bank issues local cards as well, reported the press-centre of Russian Agricultural Bank.

As of April 30, 2009 the total number of local and international cards issued by RAB exceeded 140 thousand. In the framework of the payroll projects RAB serves over 1.5 thousand enterprises located mainly in rural areas. The number of payroll cards now exceeds 80 thousand. The Bank’s terminal network includes 1000 ATMs and 1500 cash advance offices.

On May 12, 2009 RAB will be certified by international payment system VISA to perform acquiring functions. The Bank will serve trade enterprises that accept VISA cards for payment.

With the development of RAB’s acquiring system, services for acceptance of card payments will become available almost in all trade and service enterprises in rural areas throughout the country. Acquiring system will allow enterprises to reduce costs, improve mutual payments systems and implement modern banking and payment technologies in the small settlements.