AzeriCard offers customers what is known as a “mobile wallet." Customers can use their smartphone to pull out cash from ATMs without using an actual bank card during the transaction. The technology is named “Way4 Cash By Code."[3]
AzeriCard worked with technology company OpenWay to produce the mobile wallet service.[3]
By 2011, 15 banks in Azerbaijan were using mobile banking technology provided by AzeriCard.[4]
Currently, more than twenty banks locally and internationally use the services of AzeriCard.
Competitors
As of the beginning of 2017, there are two other companies in addition to AzeriCard that provide card processing services: MilliKart and KapitalBank.[6]
In 1997 AzeriCard was credited with creating the very first bank card in the country of Azerbaijan; the card was issued by the International Bank of Azerbaijan.[7]
AzeriCard’s systems work with MasterCard, Visa, American Express, Diners Club, UnionPay and JCB International.
Ownership
AzeriCard is one of several subsidiaries of the International Bank of Azerbaijan. Other subsidiaries are:.[8]
^ ab“AzeriCard and OpenWay bring cardless ATM withdrawals to Azerbaijan", Finextra Research website, Printed August 9, 2013 (Retrieved August 20, 2013)
^ abJ. Nasibova, “Level of non-cash payments use increases in Azerbaijan", Trend News Agency, November 20, 2012 (Retrieved via Nexis on August 20, 2013)
^ abElliott Holley, “Azerbaijan mobile wallet makes debut", Banking Technology, August 8, 2013 (Retrieved August 20, 2013)
^N. Ismayilova, “Azerbaijani processing centre to introduce new version of mobile banking", Trend Daily Economic News, November 20, 2012 (Retrieved via Nexis on August 20, 2013)
^H. Valiyev, “BRIEF: Azericard introduces cash transfer service to cards using ATMs," Trend News Agency, December 10, 2012 (Retrieved via Nexis on August 20, 2013)
^A. Hasanov, “Non-cash payments in Azerbaijan to create a breakthrough in card market", Trend Daily Economic News, February 29, 2012 (Retrieved via Nexis on August 20, 2013)
^"First Bank Card in Azerbaijan Marks 15 Years from Date of Issue", Economic News (Information Agency Oreanda), November 14, 2012 (Retrieved via Nexis on August 20, 2013)
^“Audit of MBA trusted to Deloitte & Touche", Turan Information Agency, August 14, 2013 (Retrieved via Nexis on August 20, 2013)
External links
AzeriCard company website
International Bank of Azerbaijan website
This bank and insurance-related article is a stub. You can help Wikipedia by expanding it.
azericard, azerbaijani, bank, card, processing, company, international, bank, azerbaijan, owns, percent, industryfinancial, servicesheadquartersazerbaijanservicescard, processingparentinternational, bank, azerbaijan, contents, products, mobile, wallet, market,. AzeriCard is an Azerbaijani bank card processing company 1 The International Bank of Azerbaijan owns 100 percent of AzeriCard 2 AzeriCardIndustryFinancial servicesHeadquartersAzerbaijanServicescard processingParentInternational Bank of Azerbaijan Contents 1 Products 1 1 Mobile Wallet 1 2 Market share 1 3 Competitors 2 History 2 1 First bank card 2 2 Ownership 2 3 Customers 3 See also 4 References 5 External linksProducts EditMobile Wallet Edit AzeriCard offers customers what is known as a mobile wallet Customers can use their smartphone to pull out cash from ATMs without using an actual bank card during the transaction The technology is named Way4 Cash By Code 3 AzeriCard worked with technology company OpenWay to produce the mobile wallet service 3 By 2011 15 banks in Azerbaijan were using mobile banking technology provided by AzeriCard 4 Market share Edit As of 2016 November end 35 of plastic cards 65 of ATMs and 62 of point of sale terminals in Azerbaijan are served by AzeriCard 5 Currently more than twenty banks locally and internationally use the services of AzeriCard Competitors Edit As of the beginning of 2017 there are two other companies in addition to AzeriCard that provide card processing services MilliKart and KapitalBank 6 History Edit An example of the front of a typical debit card Issuing bank logoEMV chipHologramCard numberCard brand logoExpiration dateCardholder s name An example of the reverse side of a typical debit card Magnetic stripeSignature stripCard Security Code First bank card Edit In 1997 AzeriCard was credited with creating the very first bank card in the country of Azerbaijan the card was issued by the International Bank of Azerbaijan 7 AzeriCard s systems work with MasterCard Visa American Express Diners Club UnionPay and JCB International Ownership Edit AzeriCard is one of several subsidiaries of the International Bank of Azerbaijan Other subsidiaries are 8 IBA Moscow International Bank of Azerbaijan Georgia International Insurance Company In addition to the International Bank of Azerbaijan AzeriCard works directly with IBA Moscow and IBA Georgia 2 Customers Edit Banks that use AzeriCard s services are 1 AGBank Amrahbank AtaBank Bank Respublika International Bank of Azerbaijan PASHA Bank Nikoil Bank Ziraat Bank Azerbaijan Silk Way Bank TuranBank Xalq Bank AFB Bank Azer Turk Bank Bank Avrasiya Bank BTB NBC Bank Caspian Development Bank MuganBank Rabitabank VTB Bank Azerbaijan KDB Bank UzbekistanSee also EditBanking in Azerbaijan Credit card International Bank of Azerbaijan List of companies of AzerbaijanReferences Edit a b AzeriCard and OpenWay bring cardless ATM withdrawals to Azerbaijan Finextra Research website Printed August 9 2013 Retrieved August 20 2013 a b J Nasibova Level of non cash payments use increases in Azerbaijan Trend News Agency November 20 2012 Retrieved via Nexis on August 20 2013 a b Elliott Holley Azerbaijan mobile wallet makes debut Banking Technology August 8 2013 Retrieved August 20 2013 N Ismayilova Azerbaijani processing centre to introduce new version of mobile banking Trend Daily Economic News November 20 2012 Retrieved via Nexis on August 20 2013 H Valiyev BRIEF Azericard introduces cash transfer service to cards using ATMs Trend News Agency December 10 2012 Retrieved via Nexis on August 20 2013 A Hasanov Non cash payments in Azerbaijan to create a breakthrough in card market Trend Daily Economic News February 29 2012 Retrieved via Nexis on August 20 2013 First Bank Card in Azerbaijan Marks 15 Years from Date of Issue Economic News Information Agency Oreanda November 14 2012 Retrieved via Nexis on August 20 2013 Audit of MBA trusted to Deloitte amp Touche Turan Information Agency August 14 2013 Retrieved via Nexis on August 20 2013 External links EditAzeriCard company website International Bank of Azerbaijan website This bank and insurance related article is a stub You can help Wikipedia by expanding it vte This Azerbaijan related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title AzeriCard amp oldid 1073491285, wikipedia, wiki, book, books, library,
