Orient Finans Bank completed certification for work with cards of MasterCard

On August 14, 2014 the Tieto company and Orient Finans Bank (Uzbekistan) announced project completion on certification and implementation of the complete software solution Card Suite for ensuring release and service in network of terminals of bank of cards of an international payment system MasterCard.

Project Results

The solution Card Suite is a technology platform for interaction with MasterCard payment system. It serves for providing complete lifecycle of cards, the transaction processings made in POS terminals of bank - the platform of security of calculations using payment cards.

Its implementation helps bank to become independent participant of the market of the payment industry, to reduce operating expenses, to attract new clients and to raise credibility from the acting clients.

Mâris Ozolinsh, the director of division of Cards, Tieto Financial Services noted: "The complete solution Card Suite will allow bank to be developed and compete successfully in the market of payment cards. Moreover, the solution is excellent base for future building of a product line of Card Suite and expansion of the services provided to clients, thereby increasing their loyalty".

Bakhtiyor Ustamukhamedov, the chairman of the board of Orient Finans bank reported: "The Orient Finans bank for a short time held a firm place the in the market of banking services of Uzbekistan. One of strategic directions of work of bank is providing the most modern services to clients. We are glad to our cooperation with Tieto company, this cooperation promoted implementation of own processing center based on the software solution Card Suite and allowed to start in short terms release and to service of cards of MasterCard. Bank is a basic member of Ministry of Railways of MasterCard and performs issue of 4 types of cards of this payment system. Own processing center will allow to provide to clients more flexible rates, ampler opportunities of use of payment cards, new services, to attract new clients, all this will positively affect retail business of Orient Finans Bank".