Orient Finans Bank (Uzbekistan) has completed a project on implementation and certification of Tieto's Card Suite solution, ensuring issuing of MasterCard payment cards and their acceptance service in the bank's terminals.
Tieto Card Suite is a technology platform that will be used by the bank for interaction with MasterCard payment system, providing 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 provided solution allows Orient Finans Bank to be an independent participant of the payment card market, reduce operational expenses, attract new customers and increase trust among the existing clients.
“The comprehensive Card Suite solution will allow Orient Finans Bank to develop and compete successfully on the international payment card market. Furthermore, it is an excellent foundation for future growth as Card Suite product line can be expanded flexibly and service scope widened gradually, thereby satisfying customer needs as per necessity,” says Maris Ozolins, Director, Cards, Tieto Financial Services.
“Orient Finans Bank has gained a strong position in the Uzbek market of banking services in a short period of time. We are glad to cooperate with Tieto on the implementation of our own processing center on the basis of Card Suite software. Orient Finans Bank is a principal member of MasterCard and is now issuing and servicing four card types of the mentioned payment system. 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. These possibilities will definitely have a positive effect on the Orient Finans Bank’s retail business,” says Bakhtiyor Ustamuhamedov, CEO of Orient Finans Bank.