Under the terms of the deal, First Data will provide a portfolio of processing services, including transaction processing and card management services, to Fio banka. Specifically, First Data will provide Fio banka with a portfolio of services from card issuing, personalisation and card authorisation systems, through to transaction processing and fraud monitoring. In addition, First Data will work together with Fio banka to bring a range of services to the Czech market, such as issuing contactless-enabled payment cards and enabling cardholders to carry out PIN changes using the banks internet banking platform.
First Data provides merchants, financial institutions and their customers with payment by debit or credit card, gift card, check or mobile phone, online or at the checkout counter.
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