Ukrainian Unison Bank launched a new remote PIN delivery service via SMS with support from Compass Plus. PIN delivery via SMS enables issuers to securely deliver a PIN code directly to the cardholder’s mobile phone via SMS.
The technology, built on TranzWare products from Compass Plus, will allow Unison Bank to reduce operating costs through the implementation of a more modern and accessible service. In addition, the new service aims to provide more convenience for the bank’s customers – enabling them to request and receive their PIN code anytime, anywhere, without the need to visit a bank branch.
Unison Bank is currently undergoing certification in MasterCard for issuing EMV and contactless MasterCard PayPass cards. The cards will be issued using TranzWare Card Factory. The bank also plans to integrate its in-house web portal with TranzWare products, implement e-commerce acquiring and support 3D Secure for issuers.
“The introduction of remote PIN delivery via SMS enables us to significantly reduce operational costs and be customer centric by offering a fast, convenient and accessible service. We are pleased that Compass Plus has supported us once again and helped to implement this joint project in the shortest time possible,” said Julia Morozova, Head of Card Business Development Department at UNISON Bank.