WARSAW, Poland - June, 2009 - First Data, a global leader in electronic commerce and payment services, announced today that it has extended its cards processing agreement with Euro Bank S.A. until 2012. The new agreement also broadens the scope of First Data's services to the bank to include chip-based card products.
Euro Bank has been working with First Data since 2003. Under the terms of the agreement, First Data will continue to provide a range of issuer processing services to the bank including ATM transaction authorization on Euro Bank's ATM network, fraud monitoring, customer services and support for the upcoming launch of Euro Bank's new chip-based Visa-branded payment cards. The new cards are intended to be compliant with the requirements of the Single Euro Payments Area, providing customers with increased transaction security and functionality. With the addition of chip cards to its portfolio, Euro Bank will also upgrade its ATM network to service Visa chip-cards.
"To remain a leading player in the Polish market we are constantly striving to meet our clients' growing demands, which requires an experienced and trusted payments services provider," said, Tomasz Romanowski, Director of Card Payment Development at Euro Bank. "First Data has supported us for several years, and we extended our relationship with them because we are confident that First Data will continue to deliver safety, reliability and the highest quality of services to our customers."
"We have a well-established relationship with Euro Bank having worked with them since the launch of their cards business in Poland," said Grzegorz Dlugosz, a member of the management board at First Data's Polish operation. "Their decision to extend our agreement demonstrates their confidence in us and acknowledges the quality and breadth of our payment solutions."
First Data will also provide transaction routing for magnetic-stripe-based MasterCard payment cards used at Euro Bank's ATM network, opening up the network and making it accessible to all MasterCard users. Customers with a MasterCard payment card will be able to withdraw cash, check their account balance and change their PIN at Euro Bank ATMs across Poland.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries.