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December 7, 2009

Russian Standart Bank and Cyberplat signed an agreement on acceptance of loan payments

Russian Standard Bank* and the leading Russian payment system CyberPlat® signed an agreement on information and technology interaction in arranging acceptance of payments for loan repayment.

Under the new agreement, Russian Standard Bank clients can make loan payments or replenish accounts maintained in the Bank at any sales outlet or payment terminal that are connected to this service in the CyberPlat® system. The clients of the Russian Standard Bank can enjoy special terms that take effect since the date of signing the agreement. The commission fee for effecting payments intended for loan repayment and replenishment of accounts makes 1.5% but not less than 25 rubles per transaction. Money is credited to the accounts online.

The Agreement with the CyberPlat Company is a new stage in our cooperation owing to which Russian Standard Bank consistently meets the challenge of expanding the range of opportunities for its clients in managing their bank accounts including methods of remote control over their accounts. Active use of the sales network outlets of the CyberPlat® payment system located throughout Russia will enable the Bank’s clients to solve a significant part of their financial issues promptly and timely,” said Vladimir Pyshnyi, First Deputy Chairman of the Board, Russian Standard Bank.
The solutions offered by our payment system to banks including arrangements in accepting payments for loan repayment provide clients with more comfortable relations with their bank and considerably cut the front-office costs for credit institutions. All of that significantly improves the efficiency of banks’ operation,” noted Andrey Gribov, General Director, CyberPlat OJSC.

The new agreement is a follow-up of cooperation that started in August of this year when it became possible to use the ATM network of Russian Standard Bank for effecting payments in favour of mobile and fixed-line telecommunication operators, commercial television, Internet and other providers.

Company profiles:

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 versatile multibanking integrated internet-payment system, is the leader in the payment acceptance market. Currently, the CyberPlat® payment acceptance network consists of more than 400,000 outlets around the world accepting cash payments for the benefit of the leading telecommunication service providers, commercial television and numerous service providers, including Beeline, MTS, MegaFon, Tele2, NTV-Plus and many others. The CyberPlat® electronic payment processing system is the member of the World GSM Association and Russian Infocommunication Union. The total turnover of the system comprised about 160 billion rubles in 2008. BDO Unicon is the official auditor of CyberPlat®. Additional information about the company is available at:

JSC “Russian Standard Bank” was founded in 1999. At present, Russian Standard Bank is the leader in the Russian consumer finance market. For ten years, more than 23 million people became Bank’s clients within the consumer crediting program and the volume of granted credits exceeded 30 billion US dollars. Russian Standard Bank issued more than 25 million bank cards within the last three years. More detailed information about Russian Standard Bank is available at:
*JSC “Russian Standard Bank”, General license of the Central Bank of the Russian Federation No. 2289 dt. July 19, 2001, issued for perpetual use.

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