Home News & events Press Releases 2006 Moscow Industrial Bank's in-house processing centre certified for American Express

 

bMiNBWith the technical support from Compass Plus the Moscow Industrial Bank’s (Russia) own in-house processing centre has been certified for American Express transaction processing and is now fully compliant with American Express authorisation and submission requirements. Based on the certification results the Bank has the right to accept payment cards under the brand of American Express within its acquiring network. During the next year Moscow Industrial Bank is planning to enable the acceptance of Amex cards at 600 retailers.

In addition, the switching its processing centre to running on TranzWare software products facilitated a significant broadening of the financial services offered to payment card holders. Amongst the new and improved banking services offered are the acceptance of payments for public utilities and Internet service provision via ATMs and Internet banking, extension of the mobile service operator, ISP and cable TV provider databases, implementation of Internet banking service and issuing of “instant” cards. Also in October 2006 Moscow Industrial Bank launched a new fraud detection and prevention system built on TranzWare Fraud Analyzer which allowed the Bank’s security department to significantly advance the protection of the Bank and its customers against fraudulent endeavours.

Moscow Industrial Bank offers a diverse range of financial services to organisations in all key industries, to local government authorities and the general public. The Bank takes its place amongst the top 50 largest banks in Russia and has a network of over 130 branches in 15 regions of the Russian Federation. Moscow Industrial Bank has Principal Member status in Visa International and MasterCard and has issued over 200,000 payment cards.