Global Payments Europe signs card processing agreement with Starbank

14th June 2007
By Julia Chan

Global Payments Europe, the Czech Republic-based subsidiary of Global Payments, has entered into a multi-year agreement to provide a complete outsourcing solution for payment card processing services to Russia's Starbank.

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As part of the agreement, Global Payments Europe will provide authorization services, card management services, bank card personalization data preparation, fraud monitoring, ATM and POS management, e-commerce, and SMS account alerting services.

Furthermore, the electronic transaction processing company will provide technological insight, which will enable Starbank to more easily expand its services throughout the Russian Federation.

Starbank plans to begin issuing credit cards in summer 2007.

"We welcome this opportunity to provide indirect issuing and acquiring services to Starbank. The expertise we have gained through our extensive experience in migration and implementation projects in Russia and other eastern European markets will help Global Payments to seamlessly deliver a customized solution for Starbank and its customers," said Stanislav Coufal, head of Global Payments Europe's Russian Federation operations.

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