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September 15, 2008

TransCreditBank connected to the CyberPlat payment system

Another large Russian bank - TransCreditBank - connected to the CyberPlat payment system. The bank is among top-30 Russian banks at all financial indicators and has an invariably high credit rating. TransCreditBank has a developed regional network comprising 37 braches. The bank is the core of the banking group which consists of five subsidiary banks. The head office and the subsidiary offices of the Group perform their activities in 168 cities and centres of population in Russia. More than 1,700 ATMs were placed by the Bank.

Within the scope of co-operation, TransCreditBank obtains an opportunity to expand their retail business using technical and process solutions and capabilities of the CyberPlat payment system.

We are delighted to have the opportunity of co-operation with such a large retail bank represented in nearly all regions of Russia as TransCreditBank." — the Executive Director of CyberPlat OJSC, Vladimir Kuznetsov, stated.

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CYBERPLAT OJSC is the leading Russian Internet company offering its services in the e-commerce segment, including payment processing and secure online document interchange. The company’s product CyberPlat®, the universal multibanking integrated internet-payment system, is the absolute leader in the payment acceptance market. Currently, the CyberPlat® cash acceptance network consists of approximately 370,000 points of sale, accepting cash payments for the benefit of the leading telecommunication service providers, commercial television and numerous service providers nation-wide, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The total turnover of the system comprised 120.7 billion rubles (or 4.74 billion US dollars) in 2007. The CyberPlat electronic payment processing system is the member of GSM World Association. The company passed the operational health check with KPMG in compliance with the SAS-70 international standard. BDO Unicom is the official auditor of CyberPlat®.

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