WARSAW, July 3, 2012 – First Data Corporation, a global leader in electronic commerce and payment processing, today announced that following the merger of Gospodarczy Bank Wielkopolski and Mazowiecki Bank Regionalny, the newly established SGB-Bank has selected First Data as its exclusive provider of card issuing and payment processing services in Poland. First Data is also responsible for managing the ATM network on behalf of the newly formed financial institution.
First Data’s main responsibilities include providing services relating to the issuance of debit, credit and contactless cards by the bank and providing payment processing services, including switching services and settlement services for domestic and international card transactions. In addition, First Data will provide fraud monitoring and ATM network management services. In the coming months, First Data will work with SGB-Bank to implement a 3D Secure system that provides enhanced security for Internet payments by generating additional authenticating passwords for cardholders.
First Data’s solutions are intended to meet the demands of a rapidly changing electronic payments market. One example is the award-winning sports-fans card, issued by First Data on behalf of SGB-Bank SA and the KKS Lech Poznan football team and equipped with contactless payments functionality. This successful product inspired First Data’s Polish business to launch contactless cards for retail clients, contributing to the growth of non-cash and contactless payments in Poland.
Grzegorz Długosz, a board member of First Data’s business in Poland, said: “Our long-standing cooperation with SGB-Bank is a reflection of the great mutual loyalty and understanding between the two parties. During the merger period our organizations 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.”
About SGB-Bank SA
SGB-Bank SA consists of over 200 associated cooperative banks with over 1,800 branches located throughout Poland. SGB-Bank’s motto is ‘The bank association’s strength is a sum of its cooperative banks’ strengths’.
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
Marta Krajewska, First Data
+48 22 515 34 60
Tomasz Boguszewicz, CluePR
+48 530 283 043