Card Tech delivers EMV software to HVB Bank


Card Tech Limited (CTL), a UK-based leader in the payments industry, today announced that it would integrate its full EMV solution with its existing PRIME card and merchant management solution at HVB Bank.

The bank's range of MasterCard and Visa card products has impressive market share in the Czech Republic. HVB is adding M/Chip and VSDC issuing and acquiring to its portfolio to expand its products and build on its competitive edge.

Jaffar Agha-Jaffar, Card Tech Limited's managing director, spoke of his company's long relationship with HVB: "Our partnership dates back to 1993, when the bank was known as Bank Austria Creditanstalt. We have seen impressive growth in the bank's card business over a decade; CTL solutions have supported every product innovation."

"Today's PRIME solutions offer new features that will keep HVB one step ahead of the pack. I look forward to seeing the new breed of chip-enabled products the bank has in store for its customers."

Christian Bruckner, Chief Operating Officer & Chief Financial Officer, HVB Bank Czech Republic a.s. said, "We are anxious to provide our services with the highest quality and the best way suitable for our customers. It is a big commitment for us. I think with those kinds of services we bring something new and comfortable to them."

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