23 May 2003
Anerican Express International Dollar/Euro Currency Card Marketing Agreement was entered into between Vneshtorgbank anderican Express International, Inc. on 27 February 2003. Under the agreement, Vneshtorgbank was entitled to distribute card products of this company, which will allow to expand the existing customer base and to raise more client`s funds.
Earlier, in late 2000 an agreement was signed between Vneshtorgbank anderican Express International, Inc. on its card acceptance by the merchant network, which broadened the existing array of services to the clients of the Bank in the Moscow City and in Russian provinces.
Vneshtorgbank as a principal member in VISA Int., MasterCard Int., issues and handles payments with core product line cards (VISA: Gold, Classic, Business, Electron; MasterCard: Gold, Mass, Business, Maestro).
In addition, under the sub-license agreement with Diners Club, Vneshtorgbank may issue and handle these international payment system cards.
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