First Data will be the provider of card
issuing and payment processing services of the newly established
SGB-Bank in Poland.
The move follows the merger of two polish
banks, Gospodarczy Bank Wielkopolski and Mazowiecki Bank
Regionalny.
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Both now operate as SGB-Bank which consists of
over 200 associated co-operative banks.
First Data will be tasked with two main
responsibilities. First Data will provide services relating to the
issuance of debit, credit and contactless cards by the bank, and
will also assume the responsibility of providing payment processing
services.
According to the companies, that includes
switching services and settlement services for domestic and
international card transactions.
Grzegorz Długosz, a board member of First
Data’s business in Poland, said:
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By GlobalData“During the merger period, our organisations
underwent a number of transitions and changes which further
strengthened our relationship and deepened our knowledge and
understanding of each others’ needs. We are delighted that First
Data will continue to support SGB-Bank and its future
development.”
Additional services will include fraud
monitoring and ATM network management services.
The companies have also announced that they
have plans to implement a 3D Secure system.
First Data said this tool aims to provide
enhanced security for e-payments by generating additional
authenticating passwords for cardholders.
