Online payments now available for holders of VISA Electron and Maestro cards of Russia's Raiffeisenbank

Holders of VISA Electron and Maestro cards issued by Raiffeisenbank can now pay for products and services on the internet, thanks to implementation of the 3D-Secure technology.

Password for an online transaction is sent to the telephone number the customer indicated in the card application. The password can also be obtained through the bank’s 24-hour customer support service for card holders.

To pay for the shopping online with Visa Electron or Maestro, the customer needs to enter the password and confirm the transaction. The customer’s identity will be verified and the payment will be securily effected. The service is a free for all card holders. A customer is automatically subscribed to the service as soon as he or she chooses to pay online via a website supporting 3D-Secure.

«Statistically, our customers are increasingly likely to do their shopping, book hotels and tickets online,» says Andrey Stepanenko, member of the management board of Raiffeisenbank in charge of retail private individuals directorate. «3D-Secure will allow our customers to use their VISA Electron and Maestro cards while shopping online, just like holders of more prestigious cards, and with minimal fraud risk.»

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9^th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6^th in terms of private deposits and 8^th with regard to consumer lending.

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.