Finextra – 7/2/14: Visa and MasterCard may escape having to pay billions of dollars in security deposits to carry on operating in Russia after the country’s central bank rowed back on its initial demands. In May Russia introduced a new law requiring the US card giants to deposit collateral with the central bank equivalent to the value of two days of processing volumes – estimated at $2.9 billion.
Click here to read more: http://www.finextra.com/news/fullstory.aspx?newsitemid=26230

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