OREANDA-NEWS. October 13, 2010. Open Joint Stock Company "Caucasus Development Bank" joined AzeriCard Processing Center, which is fully owned by International Bank of Azerbaijan, the processing center said, reported the press-centre of IBA.

OJSC Caucasus Development Bank was founded April 23, 1996 to address issues on acceleration of socio-economic development of the Caucasus countries with the help of enterprises, banks, organizations and citizens of Azerbaijan, USA, Germany, Russia and Georgia.

At present, AzeriCard serves 30 banks in Azerbaijan, Russia and Uzbekistan. Roughly 25 are members of the international payment systems.

AzeriCard is the first processing center in Azerbaijan, fully certified by international payment systems MasterCard, Visa and American Express.