Home News & events Press Releases 2015 MultiCarta demonstrates considerable business growth

 

multicarta 20 yearsMultiCarta demonstrates considerable business growth

By the end of 2014 MultiCarta, a provider of payment processing services, demonstrated considerable business growth compared to the previous year. As per the key indicators – the number of authorisations processed and cash devices being serviced – the company had shown an increase of 10%-50%.

During 2014, MultiCarta’s processing centres processed over 1 billion authorisations, which is 1.5 times more compared to the 2013 results (643 million authorisations). The total number of companies using Internet acquiring services rose by 12% in comparison with 2013, exceeding 4,500 companies. The number of ATMs and POS terminals supported grew to 13,800 and almost 30,000 respectively, up by 10% and 14% compared to 2013.

One of the company’s major projects in 2014 was their involvement in the creation of the MultiCarta payment system (PS). The decision to implement this project was taken following the Russian Central Bank’s recommendation to organise interbank interfaces for Russia’s banks. VTB24 has become the operator of the MultiCarta PS, VTB Bank assumed the responsibilities of a settlement centre, while the functions of the operations and payment clearing centre lie with the MultiCarta processing company.

The cooperation with United Settlement System payment system (USS PS) was no less important. Their collaborative work resulted in linking the network of VTB24 to USS PS on the basis of interhost connection between the MultiCarta processing centre and one of the system’s processing centres. MultiCarta’s role in this joint project is the one of payment infrastructure service provider. The participants of USS PS in their turn gained access to the services of ATMs that belong to MultiCarta partner banks. Today the joint ATM network of the payment system includes over 40,000 machines.

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According to Director General of MultiCarta Ltd. Kirill Sviridenko, the company’s strategy in 2014 aimed at building customer relationships has been recognised by its clients as successful.

“The event of major importance for us deals with creation of a VTB Group’s own payment system, which has become one more step towards developing a national system of payment cards. In 2015 we will continue implementing the initiatives aimed at business development for both the company and our customers,” Kirill Sviridenko said.

The MultiCarta processing centre is built on TranzWare software from Compass Plus.

About MultiCarta:
MultiCarta Ltd. was established in 1994 and is one of the few processing centres in Russia offering its customers (financial and lending institutions) a full range of services in the sphere of informational and technical support of non-cash payments with plastic cards. MultiCarta Ltd. is certified by the international payment systems Visa and Mastercard as a third party processor and licensed by the international payment systems Diners Club International and American Express to provide technical support.
www.multicarta.ru

*This press release is based on materials originally published by MultiCarta

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