Warsaw, October 26, 2010 – First Data Corporation , a global leader in electronic commerce and payment processing, has signed an agreement with Ikano Bank GmbH to support the bank's expanding Polish business. First Data will provide personalization, issuing and processing services for Ikano Bank's most important partnership card portfolio, the Mastercard-badged IKEA FAMILY credit card. To realise its strategy, Ikano Bank carefully selected providers of modern and complex services. Working with First Data enables the bank to leverage leading credit card processing technology.
Ikano Bank was formed by IKEA, the furnishing retailer. Since 1988 it has operated as an independent financial services group providing solutions in the areas of asset management, finance, insurance, real estate and retail across Europe and Asia. Ikano entered the Polish market in July 2010 and will promote its loans and credit card products in IKEA stores.
"Transparency, operational simplicity and anticipating the needs of our customers are important values for Ikano," said Jerzy Biskup from Ikano Bank. "To implement our philosophy, we choose professional partners who offer modern and reliable solutions. We aim to offer financial products that are as simple and functional as IKEA's furniture. We believe that working with First Data will enable us to build a strong, compelling credit card offering."
"First Data has extensive experience in delivering card related products and services and today serves a number of the leading banks in Poland," said Grzegorz Dlugosz, a board member of First Data in Poland. "We are proud that Ikano has entrusted us with its most important card portfolio. Strong client relationships are our most valuable asset and reflect many years of hard work. We are delighted that our excellent track record has enabled us to attract new bank customers such as Ikano."
Ikano is an international group which develops, owns and manages companies in the areas of asset management, finance, insurance, real estate and retail. Ikano was established in 1988 and is owned by the Kamprad Family. Ingvar Kamprad is the founder of IKEA. Ikano's strength is distinguished by working together to create long-term solutions based on fair terms that bring value to our customers, partners and ourselves. The Ikano Group head office is located in Luxemburg. For more information about the Ikano Group, visit www.ikanogroup.com .
Ikano Bank Gmbh (Sp. z o.o.) Odzia? w Polsce started operations in Poland in July 2010 and has the head office in Warsaw, 21 Post?pu Street. For more information about Ikano Bank in Poland, visit www.ikanobank.pl .
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the aggregate data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com .
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