Commerzbank turns to Worldline for a further seven years
Frankfurt/Main, July 16, 2015 – Worldline [Euronext: WLN], the European leader in payment and transactional services, and Commerzbank extend their existing processing contract for a further 7 years. Since 1998, Commerzbank has efficiently and securely processed credit card payments on Worldline’s technical platform.
Worldline provides an "end-to-end processing" service for Commerzbank that includes complete processing of all the bank’s Visa Cards and MasterCards. The service provided covers Commerzbank credit cards as well as co-branded cards that are issued together with partners. In addition to technical processing, the contract also provides customer services.
Julian Mattes, Commerzbank Director of Payments and Deposits, said: "We continue to put our faith in Worldline because the firm can provide us a reliable, highly secure and cost-effective service. Under our long-term alliance we can join forces and roll out high-tech offers. We are looking forward to pursuing our fruitful partnership."
Wolf Kunisch, Worldline Managing Director for Financial Processing & Software Licensing and responsible for Worldline Germany & CEE, commented: "Commerzbank and Worldline have very successfully joined forces for many years based on a true partnership. This has underpinned our capacity to carry out major system migrations and changes together, including a large project in 2009 to combine the Commerzbank and Dresdner Bank portfolios. Extending the contract is testament to how our services meet latest security, quality and regulatory standards."
Worldline [Euronext: WLN] is European payments and transactional services market leader. Worldline delivers new-generation services, enabling customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services, Financial Processing & Software Licensing. Worldline employs more than 7,300 people worldwide and posted 2014 revenues of €1.15 billion. Worldline is an Atos company. worldline.com
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