TransLink.iQ and Ingenico terminals for Azer Turk Bank

Published: 23 April 2020 y., Thursday

The Azerbaijani state-owned bank Azer Turk Bank has purchased a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by ASHBURN International.

The project was implemented in cooperation with BSKOM, a subsidiary of BS/2, which offers specialized solutions to financial and trade organizations. As a result of this project, the bank obtained the country's first payment terminals manufactured by Ingenico.

TransLink.iQ ensures secure transaction routing. It is a convenient tool for remote EFTPOS terminal management. The software solution allows accepting payment by credit cards of both local and international payment systems. Automation of downloading and exchanging security keys, which the TransLink.iQ system uses, can simplify the process of installing terminals at bank customers. The multi-vendor system TransLink.iQ provides the ability to connect EFTPOS terminals of different manufacturers, which is especially important for Azer Turk Bank.

"Over the past five years, the volume of non-cash transactions with payment cards in Azerbaijan has increased by 5 times, and the number of cards reached 7.5 million. Our bank develops cashless payments in the country. We are interested in automating daily transaction processing processes. TransLink.iQ system meets our expectations in terms of business development," says Namid Abdulov, Head of the Plastic Card Department at Azer Turk Bank.

The bank-owned terminals and the new Ingenico devices (Move 2500 series), supplied by ASHBURN International, are already connected to a multifunctional module TransLink.iQ Manager that performs remote terminal management and parameterization.

"Azer Turk Bank successfully implements various projects to increase the availability of financial services in Azerbaijan. We are pleased to cooperate with the bank, which for the first time in the country provided its customers with the terminals of Ingenico, the world leader in the field of fast payments," says Žoržas Šarafanovičius, Executive Director of ASHBURN International.

According to the Central Bank of Azerbaijan, the number of EFTPOS terminals reached 65,200 units (35 percent increase) in 2019. The volume of non-cash payments on all payment cards increased by 57 percent, electronic trading operations by 93 percent.

Azer Turk Bank is a modern bank that has own processing center, provides a wide range of financial services, and introduces modern banking technologies. 

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

Facebook Comments

New comment


Captcha

Associated articles

TransLink.iQ Integrates POS Terminals with a Hotel Management System

ASHBURN International integrated the POS network management and transaction routing solution TransLink.iQ with Oracle Hospitality OPERA and Oracle Hospitality Suite8 hotel management systems. The project was implemented in cooperation with HRS Hospitality & Retail Systems. more »

Related videos

05/02/2014

Padėkime augti

ASHBURN International enters the market of Western Europe

ASHBURN International has entered into a partnership agreement with DECTA. more »

Basics of ATM operation: training for JSICB “Ipak Yuli” employees took place in Uzbekistan

BS/2 experts conducted training for the employees of the department of automated points service and plastic cards issuing of JSICB “Ipak Yuli”. more »

Modern DN-series ATMs added to Victoriabank fleet

or the first time in Moldova, modern devices from Diebold Nixdorf DN-series appeared. more »

Improving knowledge of ATMs: training for Aloqabank employees was held in Uzbekistan

On May 28, the BS/2 experts conducted training for the ATM maintenance department of Aloqabank. more »

Intersect 2022: Discussion of banking trends and technological innovations in the industry

BS/2 experts take part in Intersect 2022 from June 13 to 15, 2022. more »

Results of PLUS-Forum “Banks and Retail. Digital Transformation and Interaction”: focus on innovation in the banking industry

On May 25-26, 2022, representatives of "Penki kontinentai Group" participated in the international PLUS‑Forum. more »

„The Power of Coffee“ gives you the power to feel meaningful

It is the third time in a row that the Penki kontinentai group participates in this initiative. more »

DUOday 2022 in the Penki kontinentai group

The Penki kontinentai group of companies participates in the initiative of the social employment agency SOPA "DUOday" for the second year in a row. more »

The seminar on working with cash starts in Tashkent

On May 27, 2022 in the conference hall of the Hyatt Regency Tashkent hotel there will be the seminar “Cash Optimization. Bank self-service”. more »

The representatives of the Penki kontinentai group are participating in the forum in Uzbekistan

Today in Tashkent launched PLUS-Forum “Banks and Retail. Digital Transformation and Interaction”. more »