Kapitalbank Chooses Tieto for Payment Card Operations
Kapitalbank is using Tieto to automate its Visa payment card processing. The payment card solution consists of issuing, acquiring, switching, clearing and fraud management. Kapitalbank offers a full range of financial services to commercial as well as to the private sector of Uzbekistan.
With the solution the bank is able to increase efficiency and quality of its card services. Furthermore, the new solution with chip application of issued cards and advanced fraud monitoring solution ensures transaction security and minimises cardholders’ risk of fraud. Kapitalbank offers services such as card-to-card transfers and SMS notifications about transactions offered to its cardholders.
Boris Maltsev, plastic card department director, said: “After we have created a card processing centre for the bank, we will be technologically ready to develop a new product line. We plan to offer customer services that are innovative in Uzbekistan. When choosing the supplier, we emphasised high security. Tieto’s solution turned out to comply with all our requirements. In-house processing allows the bank to develop new services independently and we are confident that Tieto specialists will help and support us in this process.”