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March 20, 2012

Bank of Baku implements BPC’s SmartVista, SmartGuard

The deployment of SmartVista is part of the Azerbaijani banks plans to grow its cards portfolio to 500,000 within the next 24 months and also targets growth of its ATM and 247 kiosk network as the local banking industry works towards a safer card infrastructure network

By Verdict Staff

Bank of Baku has implemented BPC Banking Technologies’ SmartVista and SmartGuard solutions, migrating from outsourced payment and fraud prevention solutions to deploying in-house systems.

The deployment of SmartVista is part of the Azerbaijani bank’s plans to grow its cards portfolio to 500,000 within the next 24 months and also targets growth of its ATM and 24/7 kiosk network as the local banking industry works towards a safer card infrastructure network. The bank will use the SmartATM product from the SmartVista suit to optimise cash holdings and reduce operational costs on ATMs.

With SmartVista, the bank has now achieved EMV certification and is able to issue chip-and-PIN cards on both the MasterCard and Visa networks.

BPC’s SmartVista offers an end-to-end solution with which the bank can develop new card products, add features to credit cards and manage its ATM network.

The SmartGuard solution will be used for all-round online transaction monitoring.

“BPC has built a strong presence in the Caucasian region, which has been a key element in the modernisation of the region’s payment infrastructure. With SmartVista now live, Bank of Baku can look forward to growing its card business while greatly improving customer service, product innovation,” said Vasily Grigoriev, CEO BPC Banking Technologies.

BPC has six clients in the Caucasus region.

Azerbaijan has been undergoing a fast transformation from cash-based payments to electronic ones.

In February, the head of payment systems and account department at the Central Bank of Azerbaijan, Kamala Gurbanova, said that the share of electronic payments in the country would increase “by several times” by 2016, local website Trend reported on 12 February.

In October last year, the Central Bank of Azerbaijan held a workshop in association with MasterCard Worldwide on the topic of card fraud in the country.

The CBA said that the Fraud in Payment Cards Market workshop aimed to develop a stable infrastructure within the industry and risk management in electronic commerce was the key topic.

 

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