Norway-based EuroProcessing International (EPI) provides banks in ten Central and Eastern European countries with issuer and acquirer processing services including ATM and POS transaction processing, rental and maintenance, debit and credit card management, card personalization and electronic mobile top-up services.
First Data views the acquisition as an opportunity for growth in the European and Nordic debit and credit card market, and will employ EPI’s management team in Oslo to offer its issuing and acquiring services portfolio to banks across the region.
Many of the banks that are growing rapidly through acquisitions in Central and Eastern Europe now have multiple disparate processing platforms – and a strong and urgent desire for entering into regional contracts, explained Pam Patsley, president of First Data. First Data is well equipped and, through this acquisition, we are well positioned to assist these banks in securing the efficiencies and value that such consolidation will deliver.
