First Data Corporation, a global leader in electronic commerce and payment processing, today announced that it has renewed its processing contract with DAB Bank AG, a subsidiary of UniCredit Bank AG and part of UniCredit Group, for a further five years. DAB Bank AG has been a client of First Data since 2004.
Under terms of the agreement, First Data will continue to be responsible for delivering card processing services for DAB Bank AG's four credit card portfolios: MasterCard Classic, MasterCard Gold, MasterCard Platinum and MasterCard World Signia.
First Data will continue to provide a range of technical services for processing electronic payment transactions including account processing, authorizations, transaction processing, accounting and fraud prevention, as well as operational services such as contact centre services, emergency card replacement services and disputes handling for DAB Bank AG cardholders.
Björn Andersen, head of Trading & Banking Products at DAB Bank AG, commented: "DAB Bank offers clients a completely revised card portfolio at very attractive terms. It is our ultimate ambition to satisfy our clients by delivering the highest levels of quality. We are pleased to have a proven provider like First Data at our side that can ensure failure-free, smooth payment processing and excellent service."
Wolfgang Heinrich, speaker of the management board at First Data in Germany and general manager of First Data's business in Austria, Germany & Switzerland, added, "We are very pleased that DAB Bank AG has honoured the successful co-operation between both companies over the last nine years through this contract renewal. This shows us that our approach to offer reliable and high quality services together with client-oriented consulting has proven value. We are looking forward to our further co-operation with DAB Bank AG."