Mr.Vladimir Krupnov speech at “NPC” (National Payment Council) open meeting

An open meeting of Supervisory Board and Board of Directors of non-profit partnership “National Payment Council” was held in Moscow on 3^rd of November 2016 at Financial University of Government of RF. Members of the boards, payment industry experts, together with representatives of Central Bank of RF, Ministry of Finance, Ministry of Telecom & Mass Communication, and guests from Central Bank of Belarus and Central Bank of Kazakhstan have discussed “Innovative services for banks and business”. All the participants acknowledged that we stand on the doorstep of digital transformation on banking services. Modern mobile payment services become more and more popular. At the same time banks need to balance between willingness to be closer to their clients by innovative services provision and accruing new cyber risks. Very interesting for the visitors was Mr.Vladimir Krupnov speech on this topic. Mr.Krupnov, director of NovaCard, in his performance spoke about the technology of secure OTA issuance of bank cards, which can be stored at NFC SIM card of a mobile phone.

“Using the technology which NovaCard is ready to supply we don’t need to chose among security and convenience, because it is both convenient and secure” explained he, while demonstrating a POS transaction using his phone instead of a plastic card.