Tieto provided to bank Russian Standard the IT solution for providing a payment service of Samsung Pay

2016

Tieto provided to bank Russian Standard the IT solution for providing a payment service of Samsung Pay

Offered by IT-resheniye Tieto company Russian Standard allows clients of bank to make purchases by means of Samsung Pay purse practically in any trade and service companies in which the POS terminal for acceptance of bank cards is installed. Such covering is provided due to support of Samsung Pay both NFC technology, and MST (Magnetic Secure Transmission, magnetic safe transfer).

Safety of the payments made by clients of bank Russian Standard when using Samsung Pay is ensured by the Samsung KNOX system which is built in smartphones protecting it from the harmful attacks and continuously keeping track of possible vulnerabilities, and also use of a token instead of the card.

"Use by consumers of mobile channels, including services of mobile banking and mobile payments, steadily grows. However on the example of the different markets, including Russian, it is obvious that banks are a preferable supplier of such solutions as mobile purses. For banks it is an opportunity not only to take more active part in process of mobile payments, but also to contribute to the development and strengthening of loyalty, having more common ground with the end customer and also to receive additional sources of income", – the director of Tieto Cards and Payments Mâris Ozolinsh notes.

2014: The bank Russian Standard completed process of transition to the new version of a system of maintenance of acquiring of Card Suite Acquiring Management

The bank Russian Standard together with Tieto completed process of transition to the new version of a system of maintenance of acquiring of Card Suite Acquiring Management in September, 2014.

The updated technological solution allows to react quickly to market changes and provides support of acquiring of a full stroke – from registration and accounting of data of trade and service companies before report generation based on activity.

The complete solution Card Suite Acquiring Management System is developed by IT service company Tieto for the organization of acquiring activity of financial institutions: a system is focused on all range of tasks of the organization of acceptance of payment cards for payment in trade and service enterprises.

Card Suite implemented in bank allows to expand a payment service and to optimize the current business processes depending on requirements and volumes of activity of acquiring partners. Including a system considers multilevel hierarchies of trade and service companies, easily gives in to a configuration according to business needs and supports different transaction currencies and calculations.

Transition of bank to a new system will allow to develop solutions for different trade and service companies and to offer clients options of conducting calculations and formation of payments depending on their wishes. Besides, a new system allows to create reference books, providing integrity of the stored data and simplifying work on registration and service of outlets, and provides a possibility of process automation of processing and determination of the sequence of the performed works.

Within implementation of a new solution migration of data array of several hundred thousands of trade partner points of bank taking into account hierarchy of the enterprises, including agreements and financial conditions was carried successfully out. The database of acquiring business of bank for the subsequent statistics and the reporting was created.

Experts of Tieto company provided complete support of the project therefore start of a new system took place most quickly.