23 September 2009 News

 

Raiffeisen Bank Romania orders 190,000 Todos smartcard readers

Raiffeisen Bank Romania has ordered 190,000 Todos A200 smartcard readers. The bank's objective is to increase security for its online customers and, as a result, increase their trust and confidence in eBanking with Todos's advanced technology.

Raiffeisen Bank is a subsidiary of the Austrian Raiffeisen International Bank-Holding AG, which in turn is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG. RZB operates in 17 Central and Eastern European markets through subsidiary banks, leasing companies and other financial services firms. The group's nearly 62,000 employees service 14.9 million customers via more than 3,200 business outlets.

This is Todos's first order from Raiffeisen Bank Romania, although Todos supplied a sister company, Tatra banka in Slovakia, with the same technology. This gave Raiffeisen a template for their own system.

"Todos was a natural choice for us considering their impressive work with Tatra banka, amongst others," says Iulian Dascalescu, procurement director at Raiffeisen Romania. "This brings a new level of security to Romanian eBanking."