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First Data Extends Card Processing Agreement With Raiffeisen Bank Polska

First Data, a global provider of electronic commerce and payment processing services, has extended processing agreement with Raiffeisen Bank Polska and broadened the scope of its cooperation with the bank to include issuing and processing of chip-based credit cards.

The expanded agreement enables Raiffeisen Bank to offer an advanced product with enhanced transaction security and functionality to cardholders.

First Data recently implemented a Web Data Access eXchange (WDX) solution for Raiffeisen Bank Polska that enables the bank’s customers to access a range of bank services online. Cardholders can view information such as credit card balances, card payment and transaction history and perform card activations using a variety of communication channels such as the internet and a mobile phone.

Grzegorz Dlugosz, a member of the management board at First Data Poland, said: “First Data has enjoyed a long and successful cooperation with Raiffeisen Bank Polska, an important banking sector client for our business in Poland. Since the start of our cooperation in 2000, we have gradually expanded the range of services we deliver to the bank and this extended agreement shows the strength of our collaboration to date.”

Richard Druzynski, vice president of Raiffeisen Bank Poland, said: “Our partnership with First Data allows us to enhance our service offering and leverage modern and secure solutions to offer our customers a comprehensive and competitive offer. The new technology delivered by First Data will help us to increase transaction security and access new features that will enable us to improve the customer experience. Together with First Data, we can offer the best solutions to our customers.”