EDS reports $700m Bank of America contract
26 June 2006 | 10641 views | 0
EDS has inked a six-year $700 million deal to integrate the communications infrastructure for MBNA Corporation into Bank of America's voice and data network.
Bank of America acquired the MBNA credit card unit earlier this year.
EDS says once the integration is complete, Bank of America's voice and data network will connect more than 200,000 associates in 5800 retail banking centres and 50 contact centres. Furthermore, the network will span 30 states, linking 16,700 ATMs while facilitating Internet and telephone banking services.
The vendor already provides Bank of America with managed network services as part of a 10-year, $4.5bn contract signed in December 2002. As part of the new agreement, EDS will provide these same services - including secure telecommunications and networking systems using voice-over IP technology and helpdesk services - for MBNA's additional contact centre and credit card processing locations.
EDS says Cisco Systems will provide network systems to seamlessly integrate the acquired communications infrastructure into Bank of America's existing network.
Commenting on the deal, Tom Warsop, EDS US financial services industry VP, says: "EDS complements Bank of America's commitment to a seamless acquisition by providing the network capability to quickly and flawlessly integrate MBNA into the current infrastructure."