| SpareBank 1 adopts EDB payment solutions |
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(Oslo, 23 September 2004) Norway's SpareBank 1 has signed a contract for EDB Business Partner to supply web-based payment solutions for corporate customers. The contract which runs to the end of 2007 is worth some NOK 15 million. "We are implementing a modernisation of our portal solution to strengthen and extend services for the corporate market," explains Eivind Gjemdal, Executive Vice President for IT at SpareBank 1.
"Online banking for companies requires a complex solution which must manage authorisation structures, international transfers and financial information for our business clients. At the same time, this service must be user-friendly for the small and medium-sized enterprise market."
Under the new agreement, EDB will deliver solutions for payments and financial information in the online bank provided to SpareBank 1's corporate customers. These solutions will be linked to the bank's web portal, replacing the existing company terminal solution with new and expanded functionality based on web technology.
The value of the contract, roughly NOK 15 million, will be booked in EDB Bank & Finance over a three-year period.
"This agreement has been secured in competition with other players," comments Ole Urdahl, Eexecutive Vice President for Bank & Finance in EDB. "It confirms our position as a supplier of modern payment solutions. Our products for the corporate market are component-based and can be integrated with bank portals and other systems."
Further information from:
Ole Urdahl, Executive Vice President, Bank & Finance, EDB, Tel: +47 90 53 61 16
Reidar Gjærum, Executive Vice President, Corporate Communications, EDB,
Tel: +47 908 55 101 Eivind Gjemdal, Executive Vice President, SpareBank 1 Gruppen, Tel. + 47 915 32 218
Thoralf Granerød, Head of Communications, SpareBank 1 Gruppen, Tel. + 47 918 30 369 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. EDB Business Partner has some 2,500 employees and reported turnover of NOK 4.3 billion in 2003. EDB is represented in Norway, Sweden, the USA, England, Spain and Switzerland. EDB Business Partner ASA is listed on Oslo Børs with the ticker code EDBASA.
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