14.08.2007 11:00:00
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Global Payments Europe d.o.o. Sarajevo Signs Postbank BH
ATLANTA and SARAJEVO, Bosnia, Aug. 14 /PRNewswire-FirstCall/ -- Global Payments Inc. , a world leader in electronic transaction processing services, announced today that its Sarajevo-based, wholly-owned subsidiary, Global Payments Europe d.o.o. Sarajevo, has entered into a five-year agreement to provide comprehensive payment card processing services to Postbank BH, Sarajevo. Global Payments Europe d.o.o. Sarajevo will provide the bank with a full range of card processing services including card personalization and authorization, PIN management, fraud monitoring and prevention, SMS alerts, ATM and POS networks, as well as call center services.
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"After successful re-capitalization and change in ownership, Postbank BH has very ambitious business plans to make the card business a vital part of our retail banking. We are determined to create high quality, valuable card products, which we will market independently through the network of our strategic partner, Post Offices BH," said Dzenamir Abaza, CEO of Postbank BH. "We recognize Global Payments Europe d.o.o. Sarajevo as a reliable and established partner with worldwide references, and we are confident that our new relationship will be longstanding and successful, with satisfied customers our ultimate business goal," Abaza continued.
Mustafa Bektic, CEO of Global Payments Europe d.o.o. Sarajevo said, "We are very excited to expand our existing portfolio with the addition of Postbank BH, as it is expected that the bank, with the Post Office as its strategic partner, will grow significantly, and play an important role in the retail banking market."
According to Postbank BH CEO Abaza, Postbank BH has recently been privatized with Poteza Adriatic Fund (based in Amsterdam, The Netherlands) as major shareholder with 48 percent ownership and is a strategic partner of Bosnian Post Office, one of the largest networks in Bosnia and Herzegovina with 249 branches.
Global Payments Europe d.o.o. Sarajevo was founded in 2006 when it acquired the assets of Diginet d.o.o., an indirect payment processor based in Sarajevo, Bosnia and Herzegovina. Diginet was established in 1996, and prior to the acquisition by Global Payments offered credit and debit card transaction processing services, sales, installation and servicing of ATM and POS terminals, and card issuing services to financial institutions.
Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Contact: Phyllis McNeill 770 829-8245 phyllis.mcneill@globalpay.com
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