News

Card Suite Acquiring Management System is an end-to-end solution designed to manage the acquiring activity of financial institutions: the system covers the comprehensive range of tasks to accept payment cards for payments at merchants. The new Card Suite version implemented in the Bank allows expanding the variety of offered payment services and improving current business processes according to requirements and scope of activity of acquiring partners. The system also includes multilevel hierarchies of merchants, supports a variety of transaction and settlement currencies, and can be flexibly configured in line with business needs.

 

With the new system Russian Standard Bank is able to develop solutions for different merchants and provide customers various payment and settlement options based on their wishes. Moreover, the new system allows creating catalogues, thus ensuring the integrity of stored data and streamlining registration and maintenance of points of sale, as well as it provides opportunities for automated processing and defining the task execution order.

As part of implementing the new solution, data arrays of several thousand points of sale (bank partners) were successfully migrated with allowance made to merchant hierarchies, including agreements and financial terms. The Bank’s acquiring database was created for further statistics and reporting. Tieto specialists provided full project maintenance, whereby the new system was launched as promptly as possible.

As the Director of Card Suite, Tieto, Māris Ozoliņš, noted: “We are happy to celebrate the successful completion of such a complex and large-scale project. We give our teamwork full credit for this success. Owing to Tieto`s and Bank`s specialists’ notable depth of expertise, the project goals were accomplished fully and at the scheduled timeline.”

 

For further information, please contact:

Maris Ozolins, Director, Card Suite, Tieto, phone +371 67510000, maris.ozolins@tieto.com

Artyom Lebedev, Vice President, Head of PR Department, Russian Standard Bank, phone + 7 495 797 84 20, pr@rsb.ru

 

 

Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers’ business transformation. At Tieto, we believe in professional development and results.

 

Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto’s shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.

 

 

Russian Standard Bank was founded in 1999. Currently, Russian Standard Bank is one of the leading national retail banks and also one of the leading providers of retail loans and credit cards. Within fifteen years of operations, Russian Standard Bank has created and introduced new consumer standards for financial services. With its consumer loan programs, the Bank has attracted more than 27 million clients, and the volume of credit provided is approximately 72 billion US dollars.

 

Russian Standard Bank has issued more than 44 million bank cards to its clients. Today, it offers a unique set of over 50 types of credit cards from innovative service packages for the general public (Bank in your pocket and Transport Card) to high-status American Express and Diners Club cards. The Bank has the exclusive right to acquire American Express cards in Russia and to issue American Express Centurion cards. Russian Standard Bank is also a strategic partner of Diners Club International for the issuance and servicing of Diners Club International cards in Russia and Ukraine.

 

Russian Standard Bank provides acquiring services for the cards issued by major payment systems, namely: American Express®, VISA®, MasterCard®, Discover®, Diners Club International®, JCB International®, China Union Pay® and Zolotaya Korona®. Russian Standard Band has also launched retail loan programs in more than 1,850 locations countrywide. In addition to credit and savings products, the Bank focuses on the development of settlement products and services, high-tech financial services and offers innovative solutions for cash payments and money transfers, remote services, convenient and secure Internet banking and Mobile banking applications.

 

More detailed information about Russian Standard Bank is available at www.rsb.ru.