The four banks will use EDB to deliver card issuance services. The contracts include EDB taking on responsibility for managing the entire process for producing, issuing and administering debit cards issued by these banks.  The agreements also open up opportunities for EDB to supply further services in the areas of Internet banking, acquiring services and disaster recovery.

 

EDB has focused on gaining a foothold in the UK banking market for some time.

"Competition for contracts in the international banking market is very intense, so we are extremely pleased to see that Norwegian IT banking technology has proved its competitiveness and has been chosen against strong competition from international suppliers", comments Eva Trasti, Head of the Bank & Finance market unit at EDB.

 

EDB already supplies 7 other UK banks, and with the new contracts it will have 11 banking customers in the UK and Channel Islands. In total, EDB supplies card management systems to 140 Norwegian and international banks.

 

EDB delivers total solutions for every aspect of banking operations - from core banking systems through to user applications - and supplies most Norwegian banks. EDB also provides solutions and services to a number of Nordic banks and other international financial institutions. EDB's core banking systems currently handle 6.5 million banking customers, and 1.4 million customers use Internet banking solutions supplied by EDB.  Payment services systems supplied by EDB carry out 5.1 billion transactions annually.

 

Eva Trasti, Head of Bank & Finance, EDB. Tel: +47 901 17 009

Geir Remman, EVP - Corporate Communications, EDB. Tel: + 47 970 55 017