The move allows issuers to deliver a PIN code directly to the cardholder’s mobile phone through SMS.
Built on TranzWare products from Compass Plus, the technology will allow the bank to lower operating costs by implementing a modern service.
The new service will allow customers to request and receive their PIN code anytime, anywhere, eliminating the need of visiting a bank branch.
Unison Bank is presently undergoing certification in MasterCard to issue EMV and contactless MasterCard PayPass cards.
TranzWare Card Factory will be used to issue the cards. The bank aims to integrate its in-house web portal with TranzWare products, deploy e-commerce acquiring and support 3D Secure for issuers.
Unison Bank head of card business development department Julia Morozova said: "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."
