Romanian Commercial Bank to launch smart cards in early April

Tuesday, March 22, 2005 Starting from April 4, the Romanian Commercial Bank (Banca Comercială Română, or BCR), the country's largest bank, will launch a smart card system for all its ATM network as well as its point-of-sale terminals in more than 5,000 stores across Romania. While the system will be enabled to work with these cards from April, the smart cards themselves will only be issued to account holders in the second half of the year.

Smart cards in a banking context are cards which contain information on a chip and can permit greater security and control of transactions. BCR is the first Romanian bank to use this technology.