Credit Europe Bank, JCB partner on ATM, POS acceptance

Credit Europe Bank Ltd., a Russian financial institution, has announced that it will begin to accept JCB Cards acceptance at the bank's ATM and point-of-sale terminal network

As of Jan. 1, the Credit Europe Bank acquiring network included more than 11,000 POS terminals and 514 ATMs, a press release said. The bank provides acquiring services for major retailers that include Ikea, Metro Cash & Carry, Marks & Spencer, Gap, Banana Republic, and the U.S. Polo Association.

«JCB started card issuing business with local banks in Russia in 2015 and the card member base has been expanding,» Takashi Suetsugu, JCB general director for Eurasia, said in the release. «The partnership with Credit Europe Bank will make JCB card members feel more comfortable to use their cards, enhance JCB presence in the market and increase JCB brand awareness. … Opening the Credit Europe Bank network to JCB will also allow millions of visitors to Russia to use familiar services here.»

«We are … positive that this partnership will benefit both our businesses,» Anton Ryazanov, head of the payment systems and key partners management department at Credit Europe Bank. «JCB will gain wider JCB card acceptance, and we will significantly improve our services by providing partners the opportunity to expand the range of payment cards they accept and attract more new customers from all over the world.»

Source: ATM Marketplace