OREANDA-NEWS. July 18, 2012. MDM Bank has expanded the functional capabilities of its banking card acquiring and has announced the launch of a new service: the replenishment of Visa payment cards issued by other banks resident in the Russian Federation, via MDM Bank’s ATMs with a cash-in function.

Beginning June 18, all holders of Visa international payment system cards issued by any Russian bank will be given the opportunity to credit money to their card accounts via MDM Bank’s self-service banking kiosks and at MDM Bank ATMs with a cash-in function.

This function allows customers to not only replenish their bank accounts but also to repay loans to any Russian bank if monthly payment debiting is made from the payment card. Crediting is effected in Russian roubles. When card accounts are held in currencies other than Russian roubles, cash crediting to the card will be executed according to the foreign currency exchange rate of the card issuer bank.

“MDM Bank’s wide ATM network allows us to improve the accessibility of banking services for our customers and the customers of other banks”, Alla Tsytovich, MDM Bank’s Vice-President for Business Development commented. “We strive to improve the quality of our service in the distance banking market, and we are continually expanding the capabilities of MDM’s ATM network.”