MilliKart Group will use the system of prevention of card fraud

Tieto provided to MilliKart Group the solution Card Suite Fraud Management for security of card transactions, the company reported on July 17, 2013.

Background

MilliKart Group proved as serious and reliable market participant. Therefore security is very important aspect for providing high-quality services. MilliKart Group began the project with pilot testing of the solution Card Suite Fraud Management and received the satisfactory result which is completely providing compliance to requirements and requests of clients. It caused acquisition of MilliKart of the complete solution Card Suite Fraud Management.

"Our solution Card Suite Fraud Management will provide MilliKart Group not only compliance to requirements of the international payment institutes, but also will help to protect itself from the financial and reputation losses connected with card fraud, raising thus the trust level and a customer loyalty" - Mâris Ozolinsh, the director of division of Cards, Tieto Financial Services emphasized.

"By means of such solution on fraud prevention with payment cards we have an opportunity to increase the competitiveness and to take the long-term leading position in the bank industry regarding ensuring control of fraud with card payments", - Jalal Orudzhev, the chief executive, MilliKart noted.