EDB reports Terra-Gruppen card services deal

Source: EDB Business Partner

Terra-Gruppen has entered into an agreement with EDB to acquire solutions for card and payments services. The agreement runs for three years, and represents total business volume of around NOK 36 million.

Under the new agreement, EDB will provide solutions for card administration and mini-banks, as well as for capture and receipt of card transactions from Norwegian and international card networks. In addition, EDB will provide "single sign-on" functionality to give the bank's customers and employees secure access to a range of solutions available through the Terra-Gruppen internet bank portals without the need for repeated log on.

"We have selected EDB on the basis of an overall evaluation of its terms and conditions and state-of-the-art functionality that work well with other solutions used by Terra-Gruppen," comments Lars Fossen, Executive Vice President in Terra-Gruppen.

"This contract for Terra-Gruppen confirms that EDB offers competitive solutions that can be readily integrated with the needs and infrastructure of different banks. We believe that EDB is the market leader for card solutions in the bank and finance industry," comments Executive Vice President Ole Urdahl of EDB.

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