SK signs with First Data for card processing in Poland
SK Bank, a Polish cooperative bank in Poland, has signed with First Data, which will provide outsourced issuing and payment processing services for SK bank’s debit, credit and prepaid card portfolios.
First Data will also enable the bank to access card payment data on a 24/7 basis. The bank also intends to implement Proactive Risk Manager, a fraud transaction monitoring system provided by First Data.
“As SK bank develops, we plan to broaden our product portfolio and introduce state-of-the-art multi-application cards and cards that are not currently available in the Polish market. We are sure that First Data will support us during the implementation of these planned projects,” said Jan Bajno, chief executive of SK. “I would like to emphasize that we always choose our business partners carefully, with the welfare of SK bank customers being our first priority,” bank. “First Data has met the high standards required by SK bank from a payments and card processing perspective.”
SK has a network of 30 offices located in the Mazovia and Silesia regions of Poland and offers products and services for private and commercial customers, It ranks fourth among the 600 cooperative banks in Poland. Earlier this year, it became a main member of MasterCard, the first cooperative bank in Poland to be granted this status.