Article: GLOBAL PAYMENTS DISTRIBUTES MORE THAN 100,000 MAESTRO CARDS IN RUSSIA.(Brief Article)

A Czech Republic subsidiary of Global Payments Inc. distributed over 100,000 Maestro-branded credit cards in Russia in the last quarter, Paul Garcia, Global's chairman, president and CEO, tells CardLine. Muzo a.s., the Prague-based merchant-acquiring unit of Global, is processor of the cards through a deal with Home Credit & Finance Bank (HCFB), the second-largest consumer credit provider in Russia (CardLine 7-28-04). Although Maestro is typically a debit card, the HCFB Maestro cards offer Russian cardholders a revolving line of credit. HCFB is part of the PPF Group, a 12-year-old, $15.9 billion investment bank with operations in the Czech Republic, Slovakia, Russia and ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!