ZAO Raiffeisenbank and MasterCard international payment system announce the release of the first 100,000 credit cards with contactless payment technology, entitled MasterCard® PayPassTM. Raiffeisenbank released its first card with MasterCard® PayPassTM technology in March 2011, and then transferred its entire line of MasterCard cards, from standard to premium cards, as well as the Private Banking card segment, to this innovative technology in October, 2011. The holder of the one hundred thousandth card received a gift from MasterCard — a speed racing bike.
«We offer our clients the privilege of using the newest features of banking services by issuing all MasterCard cards with PayPassTM technology, as this provides more comfort to our card holders, — said Andrey Stepanenko, a member of Raiffeisenbank’s Board, and Head of Retail Private Individuals Directorate. We knew there would be great customer demand when at the start of the year we announced the launch of cards with this technology.»
«We’re very pleased that these 100,000 customers of Raiffeisenbank can pay for purchases and services with their innovative contactless payment PayPass, — said Ilya Riabiy, head of MasterCard in Russia. — This payment method is widely used in many countries around the world, and we actively promote the introduction of new technology in Russia, since with MasterCard PayPass the payment process is even easier and more convenient.»
Using MasterCard PayPass is simple, fast and safe. After checking the amount on the POS, one then has to touch the PayPass terminal with the card, after which indicator lights will light up as proof of payment, and a sound signal will confirm that payment has been made. Payments of up to 1,000 rubles can be made without entering a PIN code.
For more information about PayPass contactless technology please see www.paypass.ru.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on Q3 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 6th with regard to consumer lending.
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Around 60,000 employees service about 13.5 million customers through around 3,000 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.
MasterCard (NYSE: MA) is a global company operating in the area of payments and technology. It manages the world’s fastest payment processing network that connects consumers, financial institutions, trade organizations, government and business organizations in more than 210 countries and territories. MasterCard’s products and solutions allow for an easier, safer and more efficient way of completeing everyday tasks, such as shopping, travel, conducting business and managing finances. Learn more at www.mastercard.com or follow us at Twitter @mastercardnews.