OTP Bank Romania launches the e-commerce service

• International 3 D Secure standards for MasterCard and Visa;
• Expansion of the traditional business to the online sale of products and/or services
• Higher revenues from merchant sales of products and/or services 

OTP Bank Romania announces the launch of its e-commerce services, developed for companies that sell online products and services, but also for municipalities, for the online collection of local taxes and duties.

OTP Bank Romania supports its legal entities partners both in traditional stores, through high performance POS terminals and in virtual stores, through the e-commerce platform. 

Clients who choose the card payment solutions offered by OTP Bank Romania can benefit from multiple advantages, such as: 

• Compatibility with the 3D Secure standards offered by Visa (Verified by Visa) and MasterCard (MasterCard Secure Code) to limit the card fraud risk;
• Specialized technical assistance for website configuration and processing of online card transactions;
• Settlement of online transactions within 1 working day from their authorization;
• Attractive fees to foster the development of online commerce and better collection of local taxes and duties by the municipalities. 

"The expansion of the traditional business to the online sale of products and services meets the requirements of an increasingly dynamic business environment. For OTP Bank Romania, it is a priority to identify new solutions, in order to support our customers with products and services that can provide a competitive advantage on the market. We are convinced that the new e-commerce service is a real support for the local public administration as well, for the online collection of local taxes and duties using banking cards”, declared Adrian Chichita, Card Director, OTP Bank Romania.

OTP Bank Romania is a subsidiary of OTP Bank, the largest independent Central-Eastern-European banking group. OTP Bank provides universal financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia, for more than 13 million clients, through 1500 branch offices, the ATM network and electronic channels