Azerbaijani Bank Interested in Non-Standard POS Terminal Usage

Published: 27 March 2017 y., Monday


LEFT TO RIGHT: Tomas Augucevicius (BS/2), Anar Suleymanov (Pasha Bank), Idrakas Dadasovas (Penki Kontinentai Group), Fuad Aslanov (Pasha Bank), Daniel Fukson (BS/2), Abas Abasov (BSKOM) and Juris Lacis (Pasha Bank).

This February representatives of the Azerbaijani Pasha Bank (PASHA) visited the Penki kontinentai group of companies where they were acquainted with non-standard payment terminal solutions. That was a return visit as the Lithuanian delegation had already met with Pasha Bank managers in Azerbaijan last November.

Currently, four state and 70 private banks operate in Azerbaijan. Founded in 2007, Pasha Bank is the main corporate bank in Azerbaijan. It has one of the best reliability indicators in the country.

The PASHA representatives including Banking Systems Development Director Fuad Aslanov, Acting Head of Cash Management Tural Nabizade, Head of Retail Marketing Anar Suleymanov and Plastic Card Processing System Administrator Juris Lacis – got acquainted with bank solutions developed by Penkių kontinentų bankinės technologijos (aka BS/2) and ASHBURN International (ASHBURN), which successfully operate in Lithuania and abroad.

Most of all the guests were interested in BS/2 solutions for POS terminals. According to the official Bank of Azerbaijan data, as of 1 December 2016 out of 73,175 POS terminals in the country 40,543 were placed in Baku and 32,632 in other regions. Since almost all (98.8%) of all POS terminals are placed at retail enterprises, TransLink.iQ management solution and the possibility of its adaptation to specific needs was of immense interest.

According to ASHBURN Chief Executive Žoržas Šarafinovičius, the PASHA management has good ideas about their country’s banking services progress; that is why they search for non-standard solutions. “TransLink.iQ is designed so that the client always can remotely manage and control his PoS-terminals. We ‘ve significantly improved the solution, so now TransLink.iQ is far more competitive than other analogs – and it can be easily adapted to the most advanced payment solutions, for different needs in order to speed up and facilitate the work of staff – and save customers’ time", ASHBURN’s Šarafinovičius says.

The PASHA-owned financial group includes not only banks but also hotels and restaurants; that is why the guests were interested in how to use POS terminals in various areas, in a non-standard way. This allows integrating the services provided by the entire group – and receiving additional profit. For example, you can pay for not only services provided in this or that place – but also for utilities, transport, etc.

Thanks to its own processing center suitable for all payment card systems now used in Azerbaijan, PASHA has a strategic opportunity to accept, distribute and transfer payment card as well as other non-financial transactions. TransLink.iQ software is certified and compatible with the system used at the PASHA processing center, which helps the bank to perform the cash flow distribution functions.

ASHBURN has made an offer to PASHA, which will help increase the integrity of payment services, ease of use, and consumer confidence in the national banking system as a whole.

Both ASHBURN and BS/2 belong to Penki Kontinentai group of companies. ASHBURN specializes in software solutions for payment cards, electronic card readers and loyalty systems, while BS/2 is engaged in banking and retail equipment supplies, development of specialized banking software, system integration and technical support in more than 70 countries worldwide.

Šaltinis: Penki.lt
Copying, publishing, announcing any information from the penki.lt portal without written permission of penki.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Representatives of Penki Kontinentai Took Part in the Honorary Consulate of the Republic of Kazakhstan in Vilnius Opening Ceremony

The Penki Kontinentai group of companies Board Chairman and CEO Idrakas Dadašovas and PR Manager Germanas Kavalskis took part in the opening ceremony of the Honorary Consulate of the Republic of Kazakhstan in Vilnius this June 12. more »

More options for card payment

The Lithuanian ASHBURN International company has installed EFT POS terminals in the post offices in the country's largest cities and district centers, with which residents can pay for services using not only conventional, but also contactless payment cards more »

Banking and Retail Synergy in Focus

BS/2 was awarded the prestigious Special Achievement Banking 2017 prize for the innovative technological solution introduced in Azerbaijan. more »

International Recognition for the Innovative BS/2 Technological Solution

During the recent annual partners‘ meeting of Diebold Nixdorf, the world's largest manufacturer of banking equipment, BS/2, which is a member of the Penki Kontinentai group, was awarded the prestigious „Special Achievement Banking 2017“ prize for its innovative technological solution implemented in Azerbaijan. more »

Penki Kontinentai and Diebold Nixdorf Continue To Strengthen Business Ties

The representatives of the world‘s leading banking and retail hardware producer Diebold Nixdorf visited Lithuanian Penki Kontinentai group of information technologies companies. more »

Complex solutions for data collection and processing in cash flow management systems

Penkių kontinentų bankinės technologijos (BS/2) company has integrated its specialized Cash Management.iQ and Payments.iQ software solutions aiming to facilitate cash processing by banks and other financial / credit institutions that use various payment systems. more »

Two More Microsoft Awards for Penki Kontinentai Group

Microsoft, the world's biggest software manufacturer has granted the Gold Partner status for Penki Kontinentai group of companies for the twelfth year in a row. more »

Customer Service Improvement – a New Priority for Retail

At the end of March, Symphony EYC’s Global Channels Vice-President Didier Jumeau and EMEA Regional Manager Janusz Moroz visited Penki kontinentai Group. more »

Lithuanian Company Contributes to the Development of Azerbaijan's Retail Sector

On April 6, the biggest hypermarket opened in the Azerbaijani capital Baku; its total area is 50 thousand sq meters. more »

EuroShop '2017: buyers should feel like at home

The latest trends were presented this March, at EuroShop '2017, the world's largest retail trade fair. more »