International Transformation Award presented for innovative product launch
Rotterdam, Netherlands, 15 December 2011 - BPC Banking Technologies, the leading provider of Open System e-payment solutions for the global financial industry, today announced the winner of the 2011 BPC Transformation Award. BPC conveyed top honors to Banca Transilvania, Romania for an initiative through which the Bank provided a first-of-a-kind customer service by supporting Western Union money transfers through the Bank's ATM network.
BPC's client community spans the globe, with customers sharing a commitment to delivering superior service to their customers. BPC's clients are continually finding new and ever-more innovative ways to leverage BPC technology to yield powerful market advantages for their organizations. The BPC Transformation Awards seek to recognize and honor the creative spirit and remarkable accomplishments of our clients. These annual awards pay tribute to the most transformational uses of BPC technology to enhance the customer experience and advance the overall market position of our clients.
BPC also recognized two further clients with runners up awards. National Reserve Bank, Russia received its award for an implementation of a complete in house processing system. The project was completed inside five months and has delivered a marked improvement in customer service at a significantly reduced TCO.
The second runner up was QIWI Bank, Russia for a project to implement the issuance of virtual and plastic Visa cards used in conjunction with the QIWI Purse. This new service greatly extended the functionality of the Purse allowing QIWI customers to make purchases anywhere Visa is accepted in the real and on-line worlds.
"The 2011 BPC Transformation Award recognizes Banca Transilvania for creatively leveraging BPC's SmartVista to deliver real competitive advantage," stated Vasily Grigoriev, CEO, BPC Banking Technologies. "The Bank has harnessed innovation to achieve practical results. We applaud their vision and are inspired by their achievements."
"We are delighted to have been selected as winners of the 2011 BPC Transformation Award", commented Robert C. Rekkers, CEO, Banca Transilvania. "We have been extremely happy with the improvements in customer service achieved as a result of our Western Union project and we are already reaping the rewards of the competitive edge that BPC's technology is bringing us".
Banca Transilvania has ambitious plans for the growth of both its issuing and acquiring card business. One of the Bank's key objectives is to innovate and improve the technology which can support the business. The Western Union ATM implementation was the first project of this type in the world. It has delivered a greatly improved service for Western Union clients including transaction speed and simplicity and availability over 24/7.
Banca Transilvania has used SmartVista to enhance the operational efficiency of its payments business which in turn has improved profitability. Additionally, the Bank has introduced a range of innovative products, including loyalty programs and SMS alerts. Banca Transilvania, already number three in the Romanian card industry has been one of the most dynamic banks in this area, receiving three times in the last four years the Romanian award for "The Bank of the Year in the Cards Business"- the latest, this year, for the activity of 2010.
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BPC is the leading global provider of Open Systems e-payment solutions for the global financial industry. It provides SmartVista, a single integrated solution for transaction processing and card management. The company's customer base includes the largest and most progressive retail banks across five continents. For more information, visit the company's website at www.bpcbt.com
Banca Transilvania:
Founded in 1993, today Banca Transilvania is one of the largest private banks in Romania, holding the leading positions of the European banking ratings. It has majority Romanian capital and the European Bank for Reconstruction and Development, which holds 15% of share capital, is a significant shareholder. BT is a nationally represented financial institution, with over 550 units. According to a survey conducted in 2011, It was the first banking institution in Romania to be listed on the Bucharest Stock Exchange (BSE), in 1997. BT's activity is organized on four main business lines - retail, SME, corporate, respectively the Healthcare Division - and for each of these the bank has specific products and services, as well as dedicated personnel. As of 2011 the bank has issued over 1.8 M cards including EMV cards, and supports an extended network of over 15,000 POS-terminals and 850 ATMs. More information is available at www.bancatransilvania.ro
National Reserve Bank (NRB)
Founded in 1994, is part of the National Reserve Corporation (NRC) holding -- a prominent Russian financial and industrial group with interests in Hi-Tech manufacturing and socially-oriented business rather than the simple exploitation of the country's natural resources. NRB is a universal financial organization offering the whole range of corporate and retail banking services, including loans mortgage, deposit products, trade and project finance, debit and credit cards, money transfers etc. National Reserve Bank's sales network constantly expands, as the Bank currently runs 27 branches, 2 representative offices abroad. http://www.nrb.ru/
Qiwi Bank
Qiwi Bank, is focused on reliable and safe payment services for payment systems and banks. The Bank is part of Qiwi Group that has enabled in-depth integration of the bank's business and other Group's services to make Qiwi's payment service secure. Qiwi is the only group of instant payments in Russia with in-house banking business. The Company runs more than 190,000 terminals, processing over 8.5 million transactions per day. The network is situated across Russia. http://qiwi.ru/
© Press Release 2011
