OREANDA-NEWS.  June 24, 2014. Bank "IBA-Moscow" became a member of a single network "United Settlement System" (USS), the largest non-bank credit organizations in Russia.

According to the report of the International Bank of Azerbaijan (IBA), released on Friday, today USS incorporates  ATMs, cash dispensing office (CDO) and payment acceptance points  into a single network, represented by 115 Russian banks, including: Absolut Bank "Avangard" Uniastrum, SMP Bank, Sobinbank, NOMOS-Bank, Nordea Bank, etc. In total ATM network of USS account for about 19,000 devices.

OCR enables cardholders of the bank – member of the system to make tranactions at ATMs cash dispensing office (CDO) and payment acceptance points  of other credit institutions  - the members of the network, at discounted rates.  Discounted fee is provided for the system   participants   within CDO. Bank - ATM owner may deduct a fee from the card holder for transaction . Information related to fee amount  will be displayed on the ATM screen to perform such transaction.

Joining the OCR will significantly expand the cardholders service infrastructure without expenditures on purchasing their own equipment and provide new services within a single ATM network system for the customers as well as generate additional revenue at the expense of  customers of other banks – members of USS.