11 December 2017
visit www.solutions.lexisnexis.com

CRDB Bank applies CR2 SmartBank to multi-purpose chip card project

11 November 2002  |  1349 views  |  0 CRDB Bank applies CR2 SmartBank to multi-purpose chip card project

Tanzania's CRDB Bank has gone live with CR2's SmartBank package to provide its customers with secure multi-purse banking.

The bank says the electronic wallet and multi-channel delivery system will be used with its chip-based Tembo Card. CR2's software will enable customers to use the e-purse system for purchases and for withdrawing cash both over the counter and at the bank's ATMs.

SmartBank includes CR2's Sparrow POS, BankWorld ATM client and CardWorld Producer software, and hardware from SCI for NCR's ATMs, servers, POS terminals and card personalisation system.

Initial deployment will entail the circulation of 40,000+ smart cards accepted by six ATMs and 500 point-of-sale terminals. Subsequent phases will double these numbers over the coming year.

Charles Kimei, managing director, CRDB Bank, says: "CR2 was able to provide the most effective payment system along with both the software for the ATM and POS acceptance channels to give CRDB's customers the breadth of channels from which to benefit from the range of services we can offer our clients," he adds.

CRDB Bank's country-wide smart card scheme is the first in Tanzania.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit http://info.nice.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18243 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11145 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7107 views comments | 13 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6506 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5903 views comments | 5 tweets | 12 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job