History

BankServiss was established in 1992 and the main objective was to launch and develop an efficient card payment system in Latvia.

1992

Certificate allowing to process EC/MC cards
Processing of EC/MC cards in four banks

1993

Issuing of EC/MC cards in three banks in Latvia
Launch of local petrol cards
Development of POS terminal network

1994

Acquirement of EC/MC products

1995

Local payment card ATM
Acquirement of EC/MC products in Ukraine
Certificate allowing to process VISA products
Issuing and acquirement of VISA and VISA Electron products

1996

Processing of EC/MC and VISA payment cards in ATMs
Certificate allowing to process Maestro cards

1997

Processing of American Express cards
Acquirement of Diners Club cards

1998

BankServiss certifies its quality management system according to ISO 9002 standard
Number of transactions has increased three times
Net payments through the Bank of Latvia to support payment card local transactions
Acquirement of payment cards on CHD cash registers and Hypercom POS terminals
Processing of Shell Baltic cards
Security of BankServiss services has been significantly increased using a complex of two SUN Enterprise E3000 servers

1999

Internet shopping with local and international debit cards
Increase in the amount of processed card transactions
Automated procedure for card authorisation status renovation

2000

Implementation of Shell Plus project
Increase in the sales of ITS software packages
Launch of risk control system RiskNet
Norwegian company Euro Processing International AS acquires the majority of BankServiss shares
BankServiss - the finalist of the competition for the Quality Award of Latvia awarded with a diploma for successful introduction of the principles of an overall quality management system

2001

Acquired VISA chip card acquirement certification
We get into the list of TOP 50 the most quickly growing
technology companies in Europe (place 38th)
The marketing campaign is organized - to promote use of payment cards

2002

Acquired chip card acquirement certification from EuroPay International
Projects of chip card issuing
Risk control on the issuer's side
Mobile payments
New premises and new possibilities for our business
We start a personalization project

2003

Card processing systems ready to issue and accept smart cards
We service all commercial banks of Latvia (20) which issue payment cards
More than 3.5 million transactions processed monthly
VISA International un MasterCard pre-certification testing in order to establish a personalisation centre
In 2003, 516 thousand lats invested in fixed assets
Testing of Moneyline P2000 GSM terminals in cooperation with Latvijas Mobilais telefons finished: the time of response from the authorization centre from the moment when the card is drawn through the slot of the terminal reduced from 30 seconds to 10 seconds

2004

A program of measures to ensure stable and qualitative operations with payment cards
VISA and MasterCard certification for the newly established Cards Personalisation Centre
More than 300 000 lats invested for the establishment of the personalisation centre and training of staff
The equipment of the centre allows personalisation of 1.5 million magnetic strip cards and smart cards per year
First smart cards personalised at the new centre
The work commenced four years ago to prepare the market and systems for the migration to smart cards continued
A solution for the improvement of the security of internet transactions implemented