Alliance Bank JSC (Kazakhstan) informed about start of servicing of MasterCard cards
29.10.07 13:52
/KASE, October 29, 07/ - Alliance Bank JSC (Almaty), shares and bonds of
which are traded in Kazakhstan stock exchange's (KASE) category "A"
official list had provided KASE with the press-release of next contention:
Quotation begin
Alliance Bank informs about start of servicing of cards of international
payment system MasterCard International in own network of cash
dispensers and payment terminals. In the plans of Bank is - till the end of
current year to issue about 30-50 th. payment cards MasterCard, and in year
208 according to business-plan, provided to MasterCard International,
Alliance Bank have to issue 800 th. cards of this payment system.
Holders of MasterCard from Alliance Bank may use the widest assortment of
services, which includes not only traditional issue of cash in cash dispensers
and settlements in trade and service enterprisers, but also receiving and
maturity of express-credits through cash dispensers with function of cash
receiving, payment of services of mobile connection operators and cable
television in acquiring network of Bank and other.
Negotiations about possible cooperation of IPS MasterCard and Alliance
Bank were started in January 2006. During negotiations Bank had
demonstrated its plans of development of cards' business, introduction of
new products, issuing of cards and expansion of acquiring network of the
Bank. As the result in October 2006 IPS MasterCard accepted the decision
about acceptance of Alliance Bank to the line of Principle members,
escaping the intermediate status of Associated member. Works of
certification of Alliance Bank in IPS MasterCard had taken about year. For
this time, with active support of company Compass Plus, being the supplier
of software complex for processing center, Bank had made the giant work
for developing of infrastructure, creation and tuning of direct connection
channel, certification of equipment (cash dispensers and payment terminals)
and also card products.
MasterCard is one of the most popular payment system sin the world, and it
is working on international market for more than 40 years. Network of
servicing of IPS MasterCard covers about 210 countries of the world, and
number of partners of this global payment system counts about 25,000
leading financial institutions of the world. Currently the participants of IPS
MasterCard are only five Kazakhstan banks, and Alliance Bank enters them.
Line of products of MasterCard in Alliance Bank includes the next types of
cards: Cirrus Maestro, MasterCard Unembossed, MasterCard Standard,
MasterCard Business, MasterCard Gold и MasterCard Platinum.
Alliance Bank is one of the largest bans in Kazakhstan with 20%-ge stake on
the market of retail crediting. Alliance Bank obtains the wide network of
acquiring equipment, which currently counts 380 cash dispensers, including
150 machines with cash-in function, and also 83 POS-terminals in trade-
service organizations. Total amount of cards issued by Alliance Bank makes
about 280 th. copies. Client Base of Bank exceeds 2 millions of clients.
Quotation end
[2007-10-29]