MoneySend Service for Rietumu Bank Clients – For the First Time in the EU
05-Nov-2015 / Products & Services Rietumu Bank has become the first bank in the EU to offer its clients MoneySend from MasterCard – the convenient payment service for international payments.
This service has been implemented utilizing the new Latvian processing centre DECTA.
The MoneySend service allows Rietumu Bank clients to remit funds directly to MasterCard cards issued by any bank worldwide. In contrast to standard money remittances, neither the receiver’s account number, nor any other accompanying information is required. All one needs is the card’s number and the name and surname of the cardholder.
“We are delighted that Rietumu Bank has become the first bank in the European Union to start offering MasterCard MoneySend™ to their clients. MoneySend is an easy, fast and secure way to send and receive money without having to locate bank account details or handling cash and it also offers the convenience of an instant online notification”, says Mats Taraldsson, Head of Business Development, MasterCard Nordics and Baltics.
Recently, Rietumu Bank introduced a direct remittance service also for VISA cards – OriginalCreditTransaction (OCT). Now, bank clients can remit funds to payment cards from both leading international payment systems.
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