Tieto implemented the solution Card Suite in PASHA Bank

On December 1, 2014 Tieto implemented the solution on prevention of card fraud of Card Suite Fraud Management in PASHA Bank.

The Tieto Card Suite platform is used by Bank since 2009, and in connection with increase in number of clients there was a need for the specialized instrument of security in recent years.

Project Results

The new technology allows PASHA Bank to expand services for map holders, to offer new products and channels of service, and also to expand network of payment acceptance according to cards. Thanks to advantages of the latest information technologies in the field of implementation of payments, clients of bank can use a possibility of fast and safe non-cash payments now.

The solution Card Suite Contactless conforms to requirements of Visa PayWave and MasterCard PayPass, and allows to perform non-cash transactions without authentication by means of the signature or input of the PIN code. As the method of calculations, contactless payments are the practical solution for suppliers of transport and trade services as allow to process the non-cash cash transactions made in one contact of the point-of-sale terminal.

Development of modern technologies in bank allows to implement the new projects connected with development of social infrastructure – payment of parkings, the drive on transport, paid sections of roads, payment at restaurants and cafe of fast service, sporting events. Finally decrease in a share of cash payments and growth of a share of non-cash corresponds to trends of development of modern society and tasks of PASHA Bank.

"We understand that the segment of clients Pasha Bank requires individual approach and also the corresponding ensuring protection of money. With a new solution Tieto Fraud Management we have an opportunity to offer the clients the high level of security and to minimize card fraud", - noted Leyla Mammadova, the director of the department of Direct Banking PASHA Bank.

"We observed and helped successful business development of PASHA Bank. The trust and a customer loyalty is a pacing factor therefore security and stability has key value", - Mâris Ozolinsh, the director of division of Cards, Tieto Financial Services emphasized. - Card Suite Fraud Management allows to save time, resources and the most important – money".

"Always paying special attention to implementation of new technologies in the market, PASHA Bank entirely supports the initiatives of the government and the international institutions of increase in non-cash turnovers in the country and to deepening of bank service of the companies and individual clients. We are going to provide at the initial stages technology in fast food restaurants of Baku in which also for the first time in the country the integrated solution of the cash register of restaurant and the bank POS terminal will be presented", - Emil Gadzhiyev, the First Deputy Chairman of the board of PASHA Bank said.

Representatives of the company integrator reported TAdviser.