Electronic commerce and payment processing
vendor First Data will supply a complete portfolio of processing
services – including card issuing, personalisation, authorisation,
processing and fraud monitoring – to new Czech Republic-based
lender, Fio banka.
Fio banka, a
subsidiary of the Fio Financial Group that was launched in 2010,
also aims to work together with First Data to develop “a wide
range of innovative solutions” for the Czech market, such as
issuing contactless-enabled payment cards and enabling cardholders
to carry out PIN changes using the bank’s internet banking
platform.
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Head of payment cards and ATMs at Fio banka,
Radoslav Tomašiak, said:
“First Data provides us with complete
processing services for our new payment cards. We are pleased to
have First Data’s support on this project as their international
experience will enable Fio banka to keep up with current trends and
offer customers advanced functionality.”
Managing director of First Data’s business in
Central and Eastern Europe, Juraj Tomanka, added:
“We are delighted to have signed this deal
with Fio banka in support of it growing its card business. We
believe this agreement signifies the beginning of a long and
successful cooperation which will see Fio banka benefit from the
wide portfolio of innovative solutions that First Data provides to
its customers all around the world.”
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By GlobalDataPrague-headquartered Fio banka had 60 branches
across the Czech Republic as of 31 December 2011.
