CardStandard Processing Centre starts servicing RSK Bank (Kyrgyz Republic)

OAO RSK Bank, that has the largest branch network in the Kyrgyz Republic, issued its first Visa cards using hardware and software system of CardStandard Processing Centre. Being a Visa Principal Member, RSK Bank is involved in issuance and acquiring of bank cards, including EMV cards.
External issuance and acquiring transactions with the cards issued by the bank were successfully completed on June 30.
Almaz Aibalaev, First Deputy CEO, RSK Bank:
'We consider the card business as a priority in our retail banking. One of the benefits offered by CardStandard processing services is the online interface of the Processing Centre and back-office system which allows viewing the actual card balance, debiting the account without a card and managing the authorization limits online. This significantly reduces time to service customers and enhances user-friendliness of the card products. We plan to become one of the leaders in terms of bank card issuance and embark on attracting the partner banks to provide sponsorship services with Visa payment system.’
RSK Bank has extensive experience in card services. In 1997, the bank launched the project aimed to implement the clearing system with Alay Card plastic cards.
Over many years of efficient customer servicing, RSK Bank has been steadily holding top positions in the plastic card market, expanding and improving the range of services to Alay Card holders. At the end of 2010, the bank issued more than 50,000 plastic cards in Alay Card system.
The bank has become the first client bank of CardStandard PC in the CIS countries. The Processing Centre has immediate plans for significant expansion of its customer base in the former Soviet republics. Currently, a number of banks are at the stage of technical connection to the Processing Centre.

RSK Bank was founded in 1996. It has the largest branch network in the Kyrgyz Republic and is wholly owned by the Kyrgyz Government. The bank is a Visa Principal Member.
CardStandard is an independent Processing Centre which offers the whole range of Visa and MasterCard issuance and acquiring services. CardStandard PC is certified as meeting PCI DSS standards and offers flexible setting of its card products, online interface with ABS of the bank and processing, and a wide mix of services to the card holders.