Bank Vozrozhdeniye issued the first multi-application Visa Smart Debit Credit card

7 April 2004

Bank Vozrozhdeniye issued the first multi-application Visa Smart Debit Credit card.

All cards were issued under the payroll project and at the moment they have two applications — bank application of Visa Smart Debit Credit and “petrol purse” from OOO “NKT Company”. The project is carried out in compliance with requirements of one of the corporate Bank’s clients. In this project there has been used Java-card JCOP 30 having dual interface, DDA dynamic authentication and off-line PIN encoding. The card personalization was executed with the assistance of ZAO “IVK Systems”.

Out of 450,000 cards, issued by the Bank at the moment, VSDC and VISA cards with a magnet stripe account for over 340,000 cards and MasterCard cards (Cirrus/Maestro, Mass, Gold, Business) — 106,000 cards. The Bank has opened 311 cash payment offices and installed 250 ATMs.

Bank Vozrozhdeniye has been issuing VISA cards since 1996 being a Principal Member in VISA and MasterCard since 1998; it processes the cards through its own certified processing centre. Since 2001 the Bank has been also servicing the cards of the UnionCard system.

Since March 15th 2004 Bank Vozrozhdeniye started servicing MasterCard Electronic bankcards of the international payment system MasterCard
Interfax Rating Agency, in association with Moody’s Investors Service, affirms Вaa3 (rus) long-term rating to Bank Vozrozhdenie