The contactless card solution brings a safer
method of payment at the counter as the process takes a few seconds
by swiping a payment card over the card reader, Tieto said.
The announcement of the deal with First
Investment Bank comes just days after Tieto’s financial and
corporate market-focused services received the SWIFTReady
Connectivity best practice label from the global messaging
cooperative SWIFT.
Go deeper with GlobalData
Kristina Spakovska, marketing manager at Tieto
told Electronic Payments International that the new
contactless payment project is already up and running in the
Bulgarian market and is now available to MasterCard PayPas and
Mastercard credit card holders.
Spakovska Said:
“For banks contactless payments allows
to enter the segment of small amount purchases and for merchants,
reduction in cash will provide savings and increase income due to
growth of potential transaction value and frequency.”
She added that contactless payment is a way to
become the preferred retailer with improved speed of transactions,
high security, the reduction of queues and innovative service for
customers.
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By GlobalDataMariana Sadjaklieva, head of cards department
at First Investment Bank said: “The contactless card system answers
the need for modern payment services because it brings competitive
advantage for merchants and lets customers enjoy an easy way to pay
for their purchases.”
Maris Ozolins, director at Tieto said that the
company targets a leadership position in the creation of new
payment solutions.
