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.
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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.
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By GlobalDataBPC 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.
