Partnering Raiffeisen Polbank
First Data Corporation, has announced the extension of its contract with Raiffeisen Polbank, one of its five largest customers in the banking sector in Poland.
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.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
