euroConex enters into agreement with EDB

euroConex enters into agreement with EDB

(Oslo, 18 January 2007) euroConex Technologies Nordic AS has entered into an agreement with EDB for transaction processing. The agreement takes the form of a framework contract for three years, and represents total contract value of around NOK 22 million.

The contract relates to financial transactions services based on processing and allocating transactions from payment terminals. It also includes distributing electronic and paper-based settlement confirmations to euroConex's customers.

euroConex, a wholly-owned subsidiary of USBank, specialises in processing card payment transactions. euroConex is a rapidly growing company, and is currently the fourth largest player in its sector in Europe. The company's activities include authorisation, transaction capture and settlement for most international cards, and in the Norwegian market it offers agreements for MasterCard, Visa, Diners Club, Maestro, Visa Electron, JCB and Cirrus. euroConnex Nordic was established in 2004 through the acquisition of Europay Norway's payment processing activities

Any enquiries may be addressed to:
Torgeir Kristiansen, Head of Information, EDB. Tel: +47 901 27 909
Ketil Fridheim, Managing Director, euroConex Technologies Nordic AS.

Tel: +47 982 11 101

EDB Business Partner is a leading stock exchange listed IT group for the Nordic region. The group had some 3,700 employees at the close of 2006, and reported turnover of NOK 4.8 billion in 2005. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions.