Russia's Alfa-Bank taps BPC for mobile NFC payments

Source: BPC Banking Technologies

BPC Banking Technologies, the leading provider of Open System e-payment solutions for the global financial industry, and Alfa-Bank - the largest private bank in Russia - today announced the launch of an innovative, contactless payment service based on NFC technology for Russian telecom operator Beeline.

This new service, using MasterCard PayPass Mobile, enables customers to quickly and securely pay for purchases with their mobile phone.

The new solution is available for use on a wide range of handsets and is currently being pilot-tested for the Bank's customers. Powered by SmartVista, which underpins the Bank's entire payment processing operations, this new solution was developed very quickly and is seamlessly integrated for smooth and risk free operation.

NFC-technology is used by consumers around the world simplify payments, exchange digital content, and connect electronic devices. Low-value transactions are processed instantly, to bring more convenience to everyday life. For additional security, all transactions over USD $35 (RUR 1,000) require PIN entry or signature verification.

"Alfa-Bank strives to deliver innovative products and services to our customers. With this new product, working together with our partners BPC Banking Technologies, MasterCard and Beeline, we have enabled our customers to make payments quickly, easily and securely using the contactless solution based on MasterCard PayPass. As a result of SmartVista's comprehensive functionality and exceptional flexibility we have been improving our customers' banking experience by broadening the products and service offered", said Vladimir Urbansky, Head of E-Business department, Alfa-Bank.

"BPC is delighted to assist Alfa-Bank provide sophisticated and secure solutions to help make their customers' lives easier. This joint project with MasterCard, Beeline and the Bank sets a new level of telecom and banking co-operation, making access to financial services easier and more convenient. Our long-term partnership with Alfa-Bank continues to focus on the development and creation of convenient, innovative and secure payments products and services", noted Vasily Grigoriev, CEO BPC Banking Technologies. 

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