SGB Bank has selected First Data as its exclusive provider of card issuing and payment processing services in Poland, while the later will also manage the ATM network for the bank.
SGB Bank, which has been formed with the consolidation of Gospodarczy Bank Wielkopolski and Mazowiecki Bank Regionalny, aims to attract more customers with increased efficiency.
Apart from offering the above mentioned services, First Data will manage 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.
The service provider will also carry out the fraud monitoring behalf of the bank by applying a 3D Secure system, which caters improved security for Internet payments by generating additional authenticating passwords for cardholders.
SGB-Bank has more than 200 associated cooperative banks with over 1,800 branches located across Poland.