Komercni Banka extends Global Payments contract

Source: Global Payments

Global Payments Inc. (NYSE: GPN), a leader in payment processing services, today announced that its Prague-based, wholly-owned subsidiary, Global Payments Europe, a.s., has entered into an extension of its relationship with Komercni banka, a member of Societe Generale Groupe, by signing a new contract to provide an array of card processing services to Komercni banka.

The services include:

  • Authorization services
  • ATM and POS terminal services
  • Payment card personalization
  • Card management system maintenance and development
  • Fraud detection
  • Application development

The agreement calls for Global Payments Europe to provide such services to Komercni banka through December 31, 2008. Global Payments Europe has traditionally provided card related services to Komercni banka dating back to February 1992, when Komercni banka issued its first payment cards and began operating its first ATM.

Petr Sedlacek, CEO and Chairman for Global Payments Europe, said, "We are extremely pleased to continue this relationship with one of our most important clients in Europe - Komercni banka, a member of Societe Generale Groupe. Our long-standing relationship with the bank enabled a seamless implementation of the most advanced products and services, including our full integration of EMV technology in the bank's card payment processing."

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