Baku, Azerbaijan, July 12
By Fikret Dolukhanov – Trend:
Uzbek Orient Finance private joint-stock commercial bank (PJSCB) plans to introduce the 3-D Secure VISA service in the second half of 2018, Deputy Chairman of the bank’s Board Ilham Tursunov told Trend.
He noted that this option complements authentication of online payments with one more step that allows retail outlets and banks to make sure that the payment is made by the card holder, which is an additional protection against fraudulent transactions.
“Orient Finance PJSCB appreciates its customers and continues to implement even more profitable and modern services,” Tursunov said. “One of the important and undeniable advantages of the bank is its participation in the three biggest international payment systems - MasterCard, VISA and UnionPay International. We offer to open cards of not one, but three payment systems at once with a single account, which is very convenient both for travel and for making payment online.”
He added that in 2017-2021, it is planned to implement various projects, in particular, to sign co-branding contracts with major retail companies.
“The VISA E-commerce system will be introduced in the bank by 2020,” said Tursunov. “With the help of E-commerce, commercial enterprises can easily accept payment cards on their website, and their customers can purchase a variety of goods and services by payment cards in any place with access to the Internet.”
In addition, the work is underway to introduce online lending, microloans, application of loyalty systems and other banking services, he said.
On June 13, 2018, the international rating agency S&P Global Ratings confirmed the long-term and short-term credit ratings of the issuer of the Uzbek Orient Finance PJSCB at the level of “B-/B” with the “stable” forecast.
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