First Data wins green field banking business in Poland
First Data, a global leader in electronic commerce and payment services, has announced an agreement with Alior Bank, a new bank in Poland, which is planning to start their business later this year. Under the terms of the agreement, First Data will provide Alior Bank with services in card issuing and personalization to support the bank's expansion into Poland later this month.
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First Data's agreement with Alior Bank includes a broad range of services, encompassing card issuing and personalization, management of the bank's card databases, authorization, card transaction calculations, management of customer charge backs and ongoing transaction monitoring. By outsourcing these operations to First Data, Alior will benefit from advanced technologies, including, First Data's fraud solutions.
"The quality and breadth of First Data's product and service offering makes it the ideal partner, and we look forward to working closely with First Data's team in Poland to accelerate our expansion into this important market," said Robert Midura, operational director at Alior Bank.
Janusz Diemko, Managing Director of First Data's business in Poland said: "Alior Bank has signaled its confidence in First Data, and I'm very proud that we will support the bank's entry into Poland, a market we know extremely well. For years, First Data has offered customers a set of modern and innovative solutions, developing dynamically and flexibly while adjusting to meet market requirements and individual needs of customers. As a result, Polish banks truly value working with us and the added benefits we bring to their businesses."
Under the terms of the agreement, First Data will work with Alior Bank for the duration of the bank's launch.