EVO Payments has signed a long-term, exclusive agreement with Bank of Ireland to provide merchant acquiring services in Ireland and Northern Ireland.

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The services, which will be marketed under the name Bank of Ireland Payment Acceptance, will be introduced later this year.

Under the terms of the agreement, Bank of Ireland and EVO will provide merchant customers with a wide range of debit and credit card payment solutions.

EVO said that Bank of Ireland Payment Acceptance will offer a variety of solutions that will appeal to both new and existing customers. Through the roll out of Bank of Ireland Payment Acceptance, 40 full time jobs have been immediately with considerable scope for future job creation.

Gavin Kelly, director of consumer banking at Bank of Ireland, said: "Bank of Ireland is delighted to be expanding the service we offer our customers through our return to the delivery of merchant acquiring services.

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"This is a significant deal for us, and we are ambitious for the roll out of this service across the island of Ireland. This partnership will offer new and existing customers cutting-edge payment solutions, and will change how consumers use their credit and debit cards."

James Kelly, CEO of EVO, said: "We are very excited to be partnering with a market leader and look forward to providing the Bank of Ireland customers with unmatched solutions, particularly in integrated payments via our EVO Snap platform.

"We have assembled a global team of seasoned professionals from our established European and North American business units to work with the Bank on launching our products to the market."