BAKU, Azerbaijan, April 24
By Sadraddin Agjayev - Trend:
The Azerbaijani state-owned bank Azer Turk Bank has purchased a TransLink.iQ solution developed by ASHBURN International company for EFTPOS terminals networks monitoring and managing, Trend reports referring to ASHBURN.
TransLink.iQ ensures secure transaction routing. It is a convenient tool for remote EFTPOS terminal management. The software solution allows accepting payment by credit cards of both local and international payment systems.
Automation of downloading and exchanging security keys, which the TransLink.iQ system uses, can simplify the process of installing terminals at bank customers. The multi-vendor system TransLink.iQ provides the ability to connect EFTPOS terminals of different manufacturers, which is especially important for Azer Turk Bank.
"Over the past five years, the volume of non-cash transactions with payment cards in Azerbaijan has increased by five times, and the number of cards reached 7.5 million,” Head of the Plastic Card Department at Azer Turk Bank Namid Abdulov, said. “Our bank develops cashless payments in the country. We are interested in automating daily transaction processes. TransLink.iQ system meets our expectations in terms of business development."
The bank-owned terminals and the new Ingenico devices (Move 2500 series), supplied by ASHBURN International, are already connected to a multifunctional module TransLink.iQ Manager that performs remote terminal management and parameterization.
"Azer Turk Bank successfully implements various projects to increase the availability of financial services in Azerbaijan,” Executive Director of ASHBURN International Zorzas Sarafanovicius said. “We are pleased to cooperate with the bank, which for the first time in the country provided its customers with the terminals of Ingenico, the world leader in the field of fast payments."
According to the Central Bank of Azerbaijan, the number of EFTPOS terminals reached 65,200 units in 2019 (35-percent increase compared to 2018). The volume of non-cash payments on all payment cards increased by 57 percent, electronic trading operations by 93 percent.
Azer Turk Bank is a modern bank that has own processing center. It provides a wide range of financial services and introduces modern banking technologies.
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