BPC offers card processing solution to prevent fraud<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Banking Production Center (BPC), a Moscow-based private firm
\nproviding electronic payments and e-business solutions, is now in
\nIndonesia to offer its integrated card processing solutions that
\ncan help in reducing credit card fraud.<\/p>\n
BPC already holds some 35 percent of the market in Eastern
\nEurope, and is now targeting Indonesia's main banks. The center
\nis currently seeking to complete a bidding process with Bank
\nLippo, one of the top 10 banks in the country.<\/p>\n
\"We are also looking to put forward bids to Bank Rakyat
\nIndonesia (BRI) and Bank Permata,\" BPC country representative
\nArief Kusuma said on Tuesday.<\/p>\n
He explained that a major bank such as Bank Lippo would
\nrequire between US$2 million and $2.5 million to implement the
\nSmartVista system his company offered.<\/p>\n
\"We are offering our easy-to-integrate SmartVista card
\nprocessing system with more secure smart cards and e-payments,\"
\nhe said.<\/p>\n
A SmartVista card has a built-in chip that contains the
\ncustomer's data, thus enhancing its security. Should BPC win the
\nbid with the banks, its SmartVista card will replace the well-
\nknown magnetic cards now used for credit cards and ATM (automatic
\nteller machine) cards.<\/p>\n
Arief said the smart card system already complied with
\nEuropaid Master Visa (EMV), a European agreement on card
\npayments.<\/p>\n
\"By implementing an EMV compliant system, banks will enable
\ntheir credit card customers to make transactions in countries
\nthat have already applied such a system,\" he said.<\/p>\n
The EMV system has been applied in countries including the
\nPhilippines and Singapore, and is also being developed in
\nAustralia.<\/p>\n
Arief said that SmartVista would suit small businesses as it
\nis offered with modules that can be customized according to the
\nbanks requirements.<\/p>\n
\"For small or medium businesses or small banks, we recommend
\noutsourcing at the cost of $1,200 for each branch office or 15
\nU.S. cents per transaction,\" he added.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bpc-offers-card-processing-solution-to-prevent-fraud-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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