TietoEnator delivers payment card software to Rietumu Bank
TietoEnator delivers payment card software to Rietumu Bank TietoEnator has signed an agreement with Rietumu Bank (Latvia) on delivery of a software solution for payment card operations and financial service distribution. The agreement includes complete implementation of smart cards. The new solution - Transmaster - is a software tool developed by TietoEnator Financial Solutions SIA for the complete cycle of payment card processing starting from card issuing to electronic payment operations via internet and mobile communications. Transmaster system is beeing operated by more than 35 banks and financial institutions in 10 countries, including several banks and card processing centers in the Baltics. "The software solution of TietoEnator is packed with functional options, that will provide our clients with new quality level card services. This software will be one of the main components at the implementation of smart cards, having the highest level of reliability and solid potential, not only for settlements, but for other banking operations as well," says Inga Sina, Vice President of Rietumu Bank. "Co-operation between TietoEnator and Rietumu Bank is based on mutual confidence, that implementation of new technologies is a crucial step towards improvement and development of basic services of the bank. In addition to card issuing and acquiring, Rietumu Bank will apply TietoEnator's software as a tool for integration of various banking applications. This allows its customers to use a payment card as a key to access wide range of financial services from ATMs and point-of-sales terminals.", adds Maris Ozolins, Managing Director of TietoEnator Financial Solutions SIA. Additional information: Maris Ozolins, Managing Director, TietoEnator Financial Solutions SIA, tel. +371 7286660 Sergejs Grodnikovs, Director of Public Relations and Advertising Department, Rietumu Bank, tel. +371 7020506 Rietumu Bank is one of the largest financial groups in Baltics, offering universal banking services to private, businesses and institutional investors. www.rietumu.com With almost 12,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/12/20021212BIT00240/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/12/20021212BIT00240/wkr0002.pdf