RS2 signs new agreement with Nordic company
EDB, a leading Nordic IT provider, has signed an agreement with Sweden's largest chain of petrol stations. The agreement, which runs for five years and is one of the largest contracts for card services that EDB has won in the Swedish market, will...
EDB, a leading Nordic IT provider, has signed an agreement with Sweden's largest chain of petrol stations. The agreement, which runs for five years and is one of the largest contracts for card services that EDB has won in the Swedish market, will involve the delivery of payments services for the chain's customers. EDB will be using the RS2 bankWORKS® platform to provide the basis for its products and services in this area.
OK-Q8 and EDB have signed a five-year agreement representing total contract value over this period of around SEK80 million. OK-Q8 is one of the largest payment card issuers in Sweden, with 1.3 million customers and 1.6 million cards in use.
The contract provides for EDB to take on responsibility, over time, for issuing all cards for OK-Q8 Finance's customer portfolio in the Swedish market.
The cards currently issued to these customers can only be used for payments at OK-Q8 and its partners, totalling 900 locations. In addition, OK-Q8 will begin to issue a new OK-Q8 Visa card, which will allow its customers to use their cards throughout the Visa network.
RS2's solutions are focused on the bankWORKS® suite of application modules. bankWORKS® is a powerful modular high-end card management system designed to meet current and future requirements in the international payment card industry.
RS2 Software plc CEO Mario Schembri congratulated EDB for securing such an important contract in the region and is delighted that bankWORKS®, the RS2 software platform, will be used by EDB for such an important project.
OK-Q8 and EDB have signed a five-year agreement representing total contract value over this period of around SEK80 million. OK-Q8 is one of the largest payment card issuers in Sweden, with 1.3 million customers and 1.6 million cards in use.
The contract provides for EDB to take on responsibility, over time, for issuing all cards for OK-Q8 Finance's customer portfolio in the Swedish market.
The cards currently issued to these customers can only be used for payments at OK-Q8 and its partners, totalling 900 locations. In addition, OK-Q8 will begin to issue a new OK-Q8 Visa card, which will allow its customers to use their cards throughout the Visa network.
RS2's solutions are focused on the bankWORKS® suite of application modules. bankWORKS® is a powerful modular high-end card management system designed to meet current and future requirements in the international payment card industry.
RS2 Software plc CEO Mario Schembri congratulated EDB for securing such an important contract in the region and is delighted that bankWORKS®, the RS2 software platform, will be used by EDB for such an important project.