First Data has once again been chosen by the Raiffeisen Polbank as a key supplier of outsourcing services including issuing and servicing debit, credit and charge cards along with processing and settling the payments made by the Bank’s customers.
“Thanks to our cooperation with First Data we can provide safe and innovative solutions that facilitate the use of payment cards. As a bank that offers its service to so many individual clients we have to be sure that our solutions are reliable and that we can count on our partners’ support in case of any unexpected situation. Such a credible partner we have found in First Data many years ago” commented Ryszard Drużyński, Vice President of Raiffeisen Polbank.
Grzegorz Dlugosz, Member of the Board, First Data Poland, added: “The merger between Raiffesen Bank Polska and Polbank EFG has created a new financial institution with wider coverage and higher expectations. This agreement not only proves that we are a trusted partner but also illustrates that an outsourcing model is possible and beneficial at any stage in a bank’s development.”
First Data and Raiffeisen Polbank started their cooperation in Poland 13 years ago.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.