News

BPC implements international P2P transfers at Russia's Alfa-Bank

May 28, 2013

BPC Banking Technologies, a provider of open system e-payment solutions has announced the implementation of a new person-to-person money transfer service for Alfa-Bank, Russia. The service, which is available via ATMs and online banking, enables P2P money transfers in Russia and the surrounding commonwealth of independent states. 

The P2P service delivers card-to-card transfers to MasterCard and Visa cardholders in Armenia, Azerbaijan, Belarus, Kazakhstan, Moldova, Russia and Ukraine.

Via the ATM network, Alfa-Bank cardholders may transfer funds to anyone who holds a card issued by any CIS bank. Transfers may be executed in rubles or U.S. dollars.

From the Alfa-Bank website, the customer may transfer funds (also in rubles or dollars) between a Visa card issued by Alfa-Bank and a MasterCard card issued by any bank in the seven CIS countries. All transactions comply with MasterCard SecureCode and Verified by VISA.

"BPC has been working with Alfa-Bank for many years and we are delighted to be able to help the bank improve their customers' experiences," said BPC CEO Vasily Grigoriev. "Powered by SmartVista, which is compliant with PCI DSS 2.0, the bank may quickly and easily launch innovative products, confident that the solution will help them reach every customer and help them retain their market-leading position."

Alfa Banking Group is Russia's No. 1 private bank, measured by total assets, total equity and customer accounts.

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