First Data is to provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios. This will also enable the Polish bank to access card payment data on a 24/7 basis. Another key aspect of the agreement is the implementation of Proactive Risk Manager, First Data’s fraud transaction monitoring system.
Jan Bajno, chief executive of SK bank, says: “First Data has met the high standards required by SK bank from a payments and card processing perspective. The company has over 20 years experience and provides high levels of security, supported by industry certificates. As we develop, we plan to broaden our product portfolio and introduce state-of-the-art multi-application cards and cards that are not currently available in the Polish market. We are sure that First Data will support us during the implementation of these planned projects.”
Latest News
-
UK court confirms shutdown of payments firm over crime concerns
-
Visa and OpenAI partner to enable secure agentic AI payments
-
Citi hires new MD for consumer and retail investment
-
Rabobank, ING, Credit Agricole ‘consider stake in Belgium-owned bank’
-
Visa and Mastercard win preliminary approval for $38bn swipe fee settlement
-
UK watchdog investigates auditors linked to collapsed lender MFS
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories