NFC technology for ATMs and payment terminals

Client

BlueOrange Bank (formerly known as Baltikums Bank) is an international private bank that provides a wide range of financial and advisory services including customized solutions for high net worth individuals, businesses, and financial institutions.
The bank’s head office is located in Riga (Latvia), with subsidiaries in Cyprus and Luxembourg, and the bank also has 5 representative offices in the CIS countries.

Implemented solution

In 2018, BS/2 completed the implementation of contactless authorization for the Latvian bank BlueOrange Bank, which became the first financial institution in the Baltic States to provide its customers with full access to all ATM services using contactless cards.

NFC technology provides the ability to use as a payment not only cards but also smartphones, as well as other gadgets.

Customers are allowed not to use payment cards for transactions at an ATM.

High security when withdrawing cash.

Accelerating the withdrawal procedures and other operations by reducing the amount required for authorization of the client's actions.

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