The agreement provides for EDB to deliver solutions for receiving and processing card transactions, MultiAcquring, and for Teller's archiving system, and EDB will also be responsible for the operation and future development of Teller's core system. The agreement also includes network solutions and security solutions for smart cards (EMV).

 

This contract gives Teller 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", comments Petter Jensen, EVP responsible for Bank and Finance at EDB.

 

About the companies:
EDB Business Partner is one of the leading stock exchange quoted IT groups in the Nordic region, with turnover of NOK 4.8 billion in 2005 and 3,400 employees. We develop and operate IT solutions based on a unique combination of IT experience and extensive industry-specific expertise. We strive to be a strong and close IT partner for our customers and to help them improve their competitiveness and achieve their business objectives. www.edb.com

 

Teller provides access to the global payment systems of Visa and MasterCard for merchants and card issuers, and also provides related solutions and services. Teller serves over 58,000 merchant locations accepting payments by Visa and/or MasterCard. www.teller.no

 

For further information:
Petter Idar Jensen, EVP - Bank and Finance, EDB. Tel: +47 928 97 381
Geir Remman, EVP - Corporate Communications, EDB. Tel: +47 970 55 017