Under the agreement EDB will deliver solutions for receiving and processing card transactions, MultiAcquring, and provide upgrades to Teller’s archiving system.

EDB will also be responsible for the operation and future development of Teller’s core system. The agreement also extends to systems related to network and security solutions for smart cards.

Teller said the contract would give it access to higher quality standards by expanding its high-availability solutions. The agreement will also improve security by adapting to the new PCI Data Security Standards.

Electronic payment services are a core area for us. This contract with Teller demonstrates that EDB is well ahead here in terms of both quality and security, commented Petter Jensen, EVP responsible for Bank and Finance at EDB.