BPC Banking Technologies and Alfa-Bank – the largest private bank in Russia – announced the launch of a contactless payment service based on NFC technology for Russian telecom operator Beeline. This new service, using MasterCard PayPass Mobile, enables customers to quickly and securely pay for purchases with their mobile phone.
The new solution is available for use on a wide range of handsets and is currently being pilot-tested for the Bank’s customers. Powered by SmartVista, which underpins the Bank’s entire payment processing operations, this new solution was developed very quickly and is seamlessly integrated for smooth and risk free operation.
NFC-technology is used by consumers around the world simplify payments, exchange digital content, and connect electronic devices. Low-value transactions are processed instantly, to bring more convenience to everyday life. For additional security, all transactions over $35 (RUR 1,000) require PIN entry or signature verification.
“Alfa-Bank strives to deliver innovative products and services to our customers. With this new product, working together with our partners BPC Banking Technologies, MasterCard and Beeline, we have enabled our customers to make payments quickly, easily and securely using the contactless solution based on MasterCard PayPass. As a result of SmartVista’s comprehensive functionality and exceptional flexibility we have been improving our customers’ banking experience by broadening the products and service offered,” comments Vladimir Urbansky, head of e-business department, Alfa-Bank.
The post BPC Banking Technologies and Alfa-Bank introduce mobile NFC-payments appeared first on Payments Cards & Mobile.
