The partnership will provide Printec Group customers with MagTek instant card production and issuing solutions in South East Europe.

MagTek's Instant Card issuing product portfolio for fast, convenient and secure instant issuance of financial (credit/debit/ATM) cards at the branch location will be provided to Printec Group customers in all fourteen countries of the Group. Instant card issuance, combined with custom personalization, will provide a higher level of service that existing Printec Group customers will appreciate and new customers will be attracted to. More specifically MagTek's Express Card 1000, capable of fully personalizing any Credit/Debit/ATM card in 90 seconds, allows financial institutions to provide their customers with the speed and convenience of instant issuance or instant replacement of financial cards within the branch.

"As the card industry is becoming more competitive globally, the level of service provided to bank customers becomes fundamental", said Panos Halkias, Transaction Automation Director, Printec Group of Companies. "Our choice to partner with MagTek is well aligned with the trend for instant in-branch card issuing and personalization."

"MagTek's first branch based instant card issuing system was installed 1978. Now that Instant Issuance is fast becoming the norm, we are delighted to have partnered with Printec in South East Europe, one of the fastest growing territories for instant issuance systems', said Steve Poulston, Managing Director, MagTek Europe.