Almazergienbank is amongst the first banks in Russia to support the issuing and acquiring of JCB cards with help from Compass Plus

Almazergienbank has announced that it is the first bank in Russia’s far East, and amongst the first in the country, to support the issuing and acquiring of JCB cards using Compass Plus products. Compass Plus also provided consultation services and assisted extensively in the testing phase of the project.

In partnering with JCB, Almazergienbank customers will experience a variety of benefits which include the acceptance of JCB cards across retailers in almost 200 countries around the world, the ability to receive cashback, and discounts from JCB’s partner network, such as hotels, airlines, restaurants and more.

“We see great prospects in developing our partnership with JCB, and we are pleased that Compass Plus has supported us once again and helped implement such a significant project,” said Lyudmila Nikolaeva, Chairman of the Board at Almazergienbank.

The bank also plans to launch Mir-JCB cards, which will be accepted as Mir in Russia and JCB when used elsewhere. This will also be implemented with support from Compass Plus.

Established in 1993, Almazergienbank is the largest bank of the Republic of Sakha (Yakutia, Russia). The bank specialises in providing a range of services to both corporate clients and individuals. Almazergienbank is in the top 200 largest banks in Russia and is an Associate Member of Visa.

Established in 1961, JCB has been pursuing independent expansion to ensure the JCB brand is international and can be accepted across the globe. By offering high-quality products and services that meet the diverse needs of all customers, JCB is one of the leaders in the global payments industry. Currently, JCB has 101 million cardholders and 32 million merchants representing a wide range of businesses, and is accepted in 190 countries.

Compass Plus provides comprehensive, fully integrated and flexible payments software and services that help financial institutions and payment service providers meet rapidly changing market demands. Our diverse customer base spans retail banks, processing centres, national switches and personalisation centres in countries across Europe, Asia, Africa, the Middle East, North and South America. With more than 25 years’ experience, Compass Plus helps build and manage all-scale electronic payment systems that generate new revenues and improve profits for its customers.