19 October 2017
Register now

HAAB issues MasterCard electronic business card powered by Nomad Cortex

13 April 2004  |  703 views  |  0

Hypo Alpe-Adria-Bank (HAAB) has become the first financial organisation in Croatia to issue the MasterCard Electronic Business Card, underpinned by NOMAD CORTEX payment software from NOMAD Software, the leading British innovator in card payment solutions.

The MasterCard Electronic Business Card has been issued by MasterCard in Croatia to meet the growing demands of the rapidly expanding small to medium sized enterprise sector. With a growing SME business sector in Croatia, which employs over 98% of the country's entrepreneurs and more than half of all Croatian workforce employed in big, medium and small businesses, the programme offers exciting new opportunities and benefits for MasterCard members' banks and business executives in the country.

Hypo Alpe-Adria-Bank (HAAB) uses NOMAD CORTEX to underpin its card programmes not only in branches throughout Croatia but, also throughout the other countries it spans including Bosnia and Herzegovina, Serbia and Montenegro.

Via NOMAD CORTEX, HAAB has benefited from having a single common platform for processing card transactions at Point of Sale and ATMs, resulting in significant cost savings. The technology has also provided the ideal platform for HAAB to issue the MasterCard Electronic Business Card to its customers, placing it at the forefront of banking technology in the region.

"MasterCard Electronic Business card enriches the offer of MasterCard products targeted for businesses and offers the possibility of expanding the potential users base," emphasised Mr Zdenek Houser, General Manager for Croatia and Hungary, MasterCard Europe. "I am very happy that it is Croatia, one of the most developed countries in the region that is the first one to launch MasterCard Electronic Business card."

NOMAD CORTEX will enable HAAB to offer the first card of its type in the world, one that will afford a number of benefits for the user, including:
  • Cash availability - card can be used at all merchant locations in the country with MasterCard Electronic sign and at all ATM's with Cirrus sign
  • Flexibility - customer always have his/her money, with no risk if lost or stolen
  • Security - every transaction is signature authorized, and at ATM's exclusively by PIN
  • Finances control - spending is limited by the amount on user's account; every cash withdrawing on ATM is included in the bank statement; user can check his/her account through bank statement, HYPOnet or at the ATM.

    "Hypo Alpe-Adria-Bank has been opening the path for many new products in Croatian market. By issuing the Mastercard Electronic Business Card we have an ideal offering for the SME segment," said Mr Alberto Skendrovic, Executive Director Organisation/IT, Hypo Alpe-Adria-Bank.

    "We expect that the MasterCard Electronic Business card will help us, especially in the strenghtening of long term relationship with SME segment, which is becoming more and more important in Croatia. This card is targeted at every company and freelancers who has opened account in Hypo Alpe-Adria-Bank, and it will enable them to withdraw cash in Croatia on ATM's and pay on POS terminals in amount they have on their account."
  • Comments: (0)

    Comment on this story (membership required)

    Related company news


    Related blogs

    Create a blog about this story (membership required)
    visit www.capgemini.com visit www.niceactimize.com

    Top topics

    Most viewed Most shared
    Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
    15783 views comments | 12 tweets | 4 linkedin
    Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
    8942 views comments | 16 tweets | 22 linkedin
    satelliteGates Foundation backs Ripple collaboratio...
    8027 views comments | 13 tweets | 10 linkedin
    IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
    7133 views comments | 9 tweets | 17 linkedin
    Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
    6277 views comments | 6 tweets | 3 linkedin

    Featured job

    Find your next job