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Russian Standard Bank introduced the service of payments by bank cards using mobile devices

Russian Standard Bank, one of the leaders in the merchant acquiring market, has launched a new project - Mobile Terminal. This technological solution designed for small and medium businesses makes it possible to use a mobile device (smartphone, tablet PC) as a terminal for receiving payments by bank cards. Russian Standard Bank is one of the first to implement such a project in Russia. This service is available to the cardholders of Visa and MasterCard.

The service of receiving card payments via mobile devices is especially important for insurance agents, online shops and all the businesses, the activities of which are related to itinerant trade and delivery services. Instead of the usual payment terminal or cash payment, a delivery service clerk can use the mobile device having a special application with the card reader - a device for reading magnetic stripe cards. Thus, the application with a card reader turn an ordinary smartphone or tablet computer into the pocket terminal for receiving payments via bank cards in any place and at any time.
For payment it is enough to swipe a card through the reader and to put a signature on the screen of a smartphone or tablet PC. At the client’s request the terminal check can be sent to the cardholder’s email address or to mobile phone via SMS. At this a high level of security is guaranteed to the customers paying through the mobile device that does not store the information read from the card, but sends it encrypted to the processing service of the Bank.
To perform such operations any portable device running the operating system and having a touch screen and wireless internet access can be used. Currently the applications are available for iOS and Android. The technology partner at development and implementation of the service of receiving cards through mobile devices is the company Smartfin (trademark 2can).
“Mobile Terminal provides the quality of work at the level of the classical POS-terminals, at this allowing to reduce the costs of acquisition, installation and maintenance of terminal equipment and to ensure the certified payments being confirmed by the international security standard PCI DSS. The reliability of Mobile Terminal is also confirmed by our tests, and we are sure to offer a service that is stable and will be in demand by the market", - said Ivan Glazachev, the Director of the Acquiring Department of Russian Standard Bank CJSC.
 "Mobile acquiring, an innovative service in Russia but a well-proven one in the world, can significantly extend the acceptance network of cashless payments with bank cards throughout the country. The ability to pay with a bank card for products and services will become common for everyone in the nearest future", - said Maxim Morozov, the Director of Business Development, ZAO Smartfin.

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