WATFORD, England - Rossiyskiy Kredit Bank, the second-largest private bank in Russia, has selected Applied Communications Inc.'s Base24 banking software to expand its automated teller machine network and provide on-line support for proprietary cards.
Base24 software is widely used in transaction networks around the world.
"Rossiyskiy Kredit Bank will use the Applied Communications software to help achieve three key objectives," said Pavel A. Ivanov, director of the bank's card department: "To support our plastic cards in a growing network of ATMs - we anticipate 50 ATMs in 1995 and 200 by the end of 1996; to issue Maestro-Cirrus cards; and to issue and acquire MasterCard transactions."
The bank will initially authorize and switch transactions on its ATM network using the Base24 software on Tandem hardware. It will begin supporting cash advances, cash withdrawals, transfers, and balance inquiries, with bill payments and statement printing to be added later.
Phase two will consist of an on-line connection to Europay International and connect with the European Security Module for card verification, complying with a Europay requirement that banks issue cards before they become merchant processors or acquirers.