| EDB signs minibank contracts with 16 savings banks |
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(Oslo, 1 June 2004) 16 savings banks have signed contracts for EDB Business Partner to supply solutions and operating services for their minibank and ATM networks. Each of the banks has entered into a separate contract, and all the contracts run for two years. The agreements represent total business volume of around NOK 13 million. EDB Bank & Finance will book NOK 10 million of the total business volume, while EDB IT Operations will book NOK 3 million. The 16 savings banks that have signed contracts with EDB are Sparebanken Hedmark, Sparebanken Rana, Sparebanken Sogn & Fjordane, Sparebanken Sør, Etne Sparebank, Flekkefjord Sparebank, Haugesund Sparebank, Hegra Sparebank, Kvinnherad Sparebank, Lillesand Sparebank, Luster Sparebank, Sauda Sparebank, Skudenes & Aakra Sparebank, Sparebanken Hardanger, Søgne & Greipstad Sparebank and Tingvoll Sparebank.
EDB Bank & Finance will supply a system that receives card transaction information from the banks' minibanks and ATMs and provides an interface to card networks and the banking system. The system selected by the 16 banks includes certificated functionality to handle international smartcard transactions using the international EMV standard established by Europay, MasterCard and Visa to reduce card misuse and fraud. EDB IT Operations will supply the operating services element of the contracts.
"Nordea, Sparebank 1 and a number of independent banks have already signed up for similar solutions supplied by EDB. The banks that choose to use our solutions in this area are positioned to accept international smartcards", explains Ole Urdahl, Executive Vice President - EDB Bank & Finance.
Any enquiries may be addressed to:
Ole Urdahl, Executive Vice President, EDB. Tel: + 47 2252 8260 Reidar Gjærum, Executive Vice President Corporate Communications and Marketing, EDB. Tel: +47 908 55 101 EDB Business Partner is one of the leading suppliers of IT operations and software in the Nordic region. The company provides industry-leading total solutions in the areas of banking and finance, telecommunications and IT operations. EDB's objective is to contribute to its customers' value creation by offering productivity-enhancing IT solutions combined with flexible and reliable operating solutions with unique economies of scale.
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