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August 14, 2014

Uzbekistan’s Orient Finans Bank deploys Tieto Card Suite

Orient Finans Bank (Uzbekistan) has concluded implementation and certification of Tieto's Card Suite solution, as part of its strategy to issue MasterCard payment cards and their acceptance service in the bank's terminals.

By Verdict Staff

Orient Finans Bank (Uzbekistan) has concluded implementation and certification of Tieto’s Card Suite solution, as part of its strategy to issue MasterCard payment cards and their acceptance service in the bank’s terminals.

Designed as a technology platform, Tieto Card Suite is used by the bank for communication with MasterCard payment system to offer a complete payment card life cycle, processing of transactions committed in the bank’s POS terminals, and assuring secure settlement for customers using payment cards.

The Tieto’s Card Suite solution will enable Orient Finans Bank to act as an independent participant of the payment card market, decrease operational costs, attract new customers and increase trust among the existing clients.

Tieto Financial Services cards director Maris Ozolins said: "The comprehensive Card Suite solution will allow Orient Finans Bank to develop and compete successfully on the international payment card market.

Orient Finans Bank CEO Bakhtiyor Ustamuhamedov said: "The newly built processing center will be able to provide its customers with flexible rates, new services and more opportunities for using payment cards as well as attract new customers."

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