Raiffeisen Bank Poland and First Data Expand Collaboration
Raiffeisen Bank Poland has expanded its co-operation First Data Corporation, a electronic commerce (e-commerce) and payment processing company. First Data’s Polish business will provide card payment processing services to support the bank with its implementation of a new contactless card programme.
First Data and Raiffeisen Bank Poland have cooperated for more than 10 years, during which time First Data has delivered a range of outsourcing services for issuing and processing of debit, charge and credit cards. Raiffeisen Bank’s current customer offering will be expanded to include contactless payments functionality with the introduction of Visa payWave payment cards which are embedded with an antenna and microchip.
“Our aim is to understand the needs of our customers and offer innovative cashless payment solutions to meet these needs,” said Andrzej Swiech, director of the individual clients department, Raiffeisen Bank Poland. “Issuing cards, equipped with contactless technology, in co-operation with a trusted provider such as First Data, will enable us to achieve our objective. The addition of Visa payWave cards to our portfolio will also enable us to offer a safe, convenient product to our customers and will strengthen our position as a modern financial institution.”