31 January 2017

Multiсarta supports Post Bank in launching the new service for the banks participating in VTB sponsorship program

In terms of developing the VTB-sponsored program aimed at partner banks joining MIR, Visa and MasterCard payment systems, testing of the new service has been completed. Holders of payment cards issued by such banks now can replenish their accounts at ATMs of Pochta Bank. The project was carried out with the support of Multicarta processing company.

The service is available at more than 2,000 ATMs in 61 regions of the Russian Federation. Based on the results of the successful testing, all participants of the sponsorship program can connect to and use the service. So far, more than 50 partner banks have joined the national and international payment systems under the sponsorship of VTB Bank.

"Our company is directly involved in the implementation of VTB sponsorship program. Delivery of the new service is another unique opportunity that has become available to partner banks," said Kirill Sviridenko, CEO of Multicarta.

"We are actively developing an ATM network, full functions of which are now available to customers of a number of the Russian banks. Supporting the cards of all leading payment systems will give them considerable opportunities while using SSMs of Pochta Bank: customers will be able not only to withdraw and deposit cash, but also pay for more than eight thousand services rendered by partners of the bank," emphasized Elena Mokhnacheva, Vice-president and COO Post Bank.

All ATMs of Pochta Bank have a cash recycling function (closed circulation of cash) meaning that one customer can withdraw cash earlier deposited by another client. Such ATMs have a longer collection cycle compared to conventional ATMs; they are used to carry out all settlement operations, including the issuance and repayment of loans, opening deposit accounts. This allowed Pochta Bank to abandon classic cash desks and avoid the relevant equipment investments.

"Expanding the range of services and solutions for participants of MIR National Payment System and international payment systems, under the sponsorship of VTB, allows partner banks to avoid costly investments in developing their own SSM network and get advantages due to access to the developed infrastructure of VTB Group,” commented Alexander Dmitriev, Head of Financial Institutions Department, Vice-president of VTB Bank.