EDB sells payment services solutions to Teller

(Oslo, 19.09.03) EDB Business Partner has signed a contract to provide Teller (former Visa Norge) with payment services solutions for data collection, settlement and reconciliation of MasterCard transactions, together with operating services for these solutions. The contract runs for two years and has a contractual value of NOK 17 million.

Teller has expanded its Norwegian operations to include card services for MasterCard in addition to its existing services for Visa. EDB Bank & Finance now supplies solutions for the receipt and processing of MasterCard transactions in addition to Visa transactions, together with solutions to ensure accurate billing and settlement for Teller's 55,000 merchant outlets in Norway. Operating services will be supplied by EDB Teamco.
 
"Now that we have both MasterCard and Visa in the company's portfolio, our ambition is to become the leading multi-brand player in the Norwegian credit card market. The merchants that use Teller for card services can now access both Visa and MasterCard services from a single supplier. The services that EDB provides allow us to realise our multi-brand strategy. The solutions are already in use, and we are seeing a good response from the market", comments Morten Gulbęk, Deputy Managing Director of Teller.
 
"State of the art systems for Card & Payment services are an area of particular focus for EDB. We develop these systems as standard components and deliver with exclusive customisation for the customers business and infrastructure", explains Ole Urdahl, Executive Vice President, Bank & Finance, EDB Business Partner.
 
 
EDB Business Partner is one of the leading stock exchange listed IT groups in the Nordic region. The company provides industry-leading total solutions in the areas of Bank & Finance, Telecommunications and IT Operating Services. Our objective is to contribute to our customers' value creation by delivering productivity enhancing IT solutions combined with flexible and reliable operating solutions offering unique economies of scale. The company has 2,700 employees and turnover in 2002 was NOK 4.3 billion.
EDB Business Partner is represented in Norway, Sweden, England, the Netherlands, France, Poland, Spain, Switzerland and the USA.
 
 
Any enquires may be addressed to:
Ole Urdahl, Executive Vice President, Bank & Finance, EDB Business Partner.
Tel: + 47 90 53 61 16
Morten Gulbęk, Deputy Managing Director, Teller. Tel. + 47 99 57 53 09