Moscow tests multi-service smart card for added value

摘要

Bank-card technology is providing innovative opportunities for financial institutions to partner with a range of organisations to deliver their services. In Russia, the launch of a pilot of dual interface smart card technology within the Moscow Social Card marks the third phase of a relationship established between the Moscow government, the Bank of Moscow, Moscow Transport and Visa Russia. The first social cards issued were hybrid, using contactless technology for transport and magnetic stripe technology for other applications. Then, in 2002, cards with an electron-branded banking application were issued. "This put 2.5 million participants in a quasi-bank environment, as all social payments are deposited through the Bank of Moscow," says Denny Jensen, senior vice-president, Visa Smart Chip Readiness and Implementation.