Business impact of Ukrainian invasion

We are complying with the sanctions based on guidance from our regulators and other government bodies regarding assets, transactions or accounts related to the conflict, and we’re ready to quickly comply with additional sanctions as necessary. U.S. Bank cannot provide additional details, but U.S. Bank will not participate in transactions that are prohibited by applicable law. We also are closely monitoring cybersecurity developments globally and collaborating with vendors, government agencies and industry groups to maintain awareness of the evolving threat landscape and appropriate mitigation activity. We remain vigilant and, as always, will take necessary action to mitigate possible issues. (Answer current as of 7/3/22)

We are closely monitoring cybersecurity developments globally and collaborating with vendors, government agencies and industry groups to maintain awareness of the evolving threat landscape and appropriate mitigation activity. We remain vigilant and, as always, will take necessary action to mitigate possible issues. (Answer current as of 7/3/22)

No, we do not have any processes or operations in Ukraine. (Answer current as of 7/3/22)

No, we do not have any processes or operations in Russia. (Answer current as of 7/3/22)

No, we do not have any processes or operations in Belarus. (Answer current as of 7/3/22)

As a result of actions taken by Visa, Mastercard and other payment networks, transactions on many cards issued and acquired in Russia, irrespective of currency, will not be supported. (Answer current as of 9/3/22)

Visa and Mastercard have announced that due to this suspension they will block all authorisations on cards issued by Russian banks.

Merchants will no longer be able to process transactions on cards issued in Russia regardless of whether they are used domestically or internationally. (Answer current as of 9/3/22)

Transactions may be declined. All authorised transactions undertaken on cards issued by Russian banks, were required to be submitted to Elavon by Thursday 10 March 2022, 11 PM GMT for settlement. There is no payment guarantee for any unauthorised transaction submitted to Elavon. (Answer current as of 9/3/22)

Transactions may be declined. All authorised transactions undertaken on cards issued by Russian banks, are required to be submitted to Elavon by Wednesday 16 March 2022, 2 PM GMT for settlement. There is no payment guarantee for any unauthorised transaction submitted to Elavon. (Answer current as of 14/3/22)

All disputes will continue to be managed, in accordance with Scheme Rules.  Please note the following by scheme.

Visa - If there is a disputed transaction underway as of 11 March 2022 at 3:01am PST, Visa will complete the processing of these disputes. New Chargebacks will be blocked starting 11 March 2022 at 3:01am PST

Mastercard  has set a 30-day window, beginning March 10, 2022 to allow the processing of  those disputed transactions that have started. Chargebacks will be blocked starting 05:00 pm (Moscow time) on April 9, 2022 for new chargebacks.

All transactions (a) conducted on cards issued in Russia; or (b) acquired in Russia, irrespective of settlement currency should be declined. (Answer current as of 3/9/22)

No, Elavon does not use data centres in Russia or Ukraine. (Answer current as of 3/9/22)

No, Elavon has no specific dependency on third-party service providers based out of Russia or Ukraine. (Answer current as of 3/9/22)

Refund Transactions: We are currently unable to process refunded transactions to cardholder banks impacted by the sanctions.  We are working with both internal and external parties to determine how to best handle these funds while ensuring that we honour all legal and regulatory obligations.  This means that there is no definitive timeline for when refunds will be posted, and cardholders may be contacting you regarding the status of their refund transaction. 

Sales Transactions:  Any sales transactions that have been processed prior to the effective date of the Visa and MasterCard withdraw dates have been processed and posted to your account.  We are evaluating next steps regarding these sales in cooperation with both Visa and MasterCard.   We will continue to keep you updated.

Please note: Your relationship manager can share a list of both refund and sales transactions that have been impacted as a result of these actions upon request.