As the contactless technologies evolve in the region and demand for it rises, Chip Card has implemented MasterCard PayPass card issuing and acquiring services, enabling cardholders to make prompt and secure payments.

Tieto and Chip Card JSC implementation project went smoothly due to the competent and highly skilled specialists on both sides. Tieto provided licences, business analysis, system configuration as well as specialist consultations for MasterCard PayPass issuing and acquiring project certification. This project ensured Chip Card processing centre`s business development by opening a new service for its client banks.

Maris Ozolins, Director of Cards, Financial Services evaluated results of the project as follows: “Tieto have already ten years of successful collaboration with Chip Card JSC. By implementing the contactless functionality to the processing centre, Chip Card became compliant with the latest requirements of International Payments Schemes. Moreover, contactless payments meet the strict security requirements of the payments industry as well as bring clear benefits to financial organizations end consumers. We are confident that the digitalization of cash payments will stimulate financial and economic growth in the county. Our specialists are looking forward to implement future innovative cards solutions to Chip Card.”

Vesna Dzudovic, Director, Chip Card, says:  “Along with Tieto, we have implemented contactless MasterCard project in short time. Project is implemented on issuing / acquiring side for OTP bank, one of our biggest clients. As participant in one of the fastest growing markets in South-East Europe, it is our obligation and highest priority to offer innovative and modern products to existing and new clients. Contactless platform /payments are one of the innovative products in our portfolio, on which we are very proud. Our intention is to use contactless platform for further advancing in the field of contactless Mobile NFC payments. Working together with Tieto, I am sure it will be another successful story.”

Tieto`s Card Suite Contactless solution meets the changing requirements of the competitive payment card business, helping banks and processors to develop their acquiring channels to meet the needs of their advanced customers.  The use of contactless cards provides convenience and allows reducing the time of physical operations with a card, thanks to a possibility to execute a payment just by tapping a card on the terminal.

Chip Card Beograd processing centre is a customer of Tieto since year 2004.