Tieto delivers Samsung Pay to Russian Standard Bank
A new payment solution provided by Tieto allows customers of Russian Standard Bank to use their Samsung Pay wallet when making purchases at any merchant with a MasterCard contactless POS terminal. This new solution supports both NFC (Near Field Communications) and MST (Magnetic Secure Transmission) technologies.
Payments executed by customers of Russian Standard Bank is secured and ensured via Samsung KNOX – a built-in system for smartphones that protects against malicious attacks and continuously monitors possible vulnerabilities. The security of mobile payments is also reinforced by using a token instead of payment card details.
– The use of mobile channels, including mobile banking and mobile payment services, is steadily growing among consumers. In various markets including the Russian market, it is evident that banks are a preferable provider of mobile wallet solutions. Samsung Pay offers great opportunities for banks to participate in mobile payment processes more actively. By using this solution banks can stimulate and strengthen the loyalty of their clients by adding additional touch points with the end customer, as well as gaining new sources of revenue, says Maris Ozolins, Tieto, Head of Retail Payments and Cards.
Read more about Samsung Pay: http://www.samsung.com/us/samsung-pay/
For more information, please contact:
Maris Ozolins, Tieto, Head of Retail Payments and Cards, phone: +371 6751 0000, email@example.com
Anastasia Maksimova, PR Manager, Russian Standard Bank, firstname.lastname@example.org
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com/cards
Russian Standard Bank, founded in 1999, dominates the credit business and is one of the leading national banks in the consumer finance sector in Russia Federation. The bank has pioneered new consumer standards of financial services, launched consumer lending programs with more than 28 million loan customers and credit exposure of around RUB 2,048 bn. The Bank has issued over 46 million cards to its clients, and nowadays offers a wide variety of credit cards – more than 40 kinds from innovative service packages for wider population such as the “Bank in a Pocket” and “Transport Card” as well as high-status cards of American Express and Diners Club. Aside to the credit and savings products, the bank focuses on developing transactional services and high-end financial services, offers innovative solutions for payments and transfers, as well as develops various channels of remote banking services. More information on Russian Standard Bank is available at www.rsb.ru