FIRST DATA INTERNATIONAL SUPPORTS DRESDNER BANK
IN LAUNCH OF PREPAID CARD IN GERMANY
Bad Vilbel, 20 September 2007
First Data International, a global leader in electronic commerce and payment solutions, is providing card processing services for the new prepaid card introduced by Dresdner Bank, part of the Allianz Group.
The Dresdner Prepaid Card combines the principle of prepayment made familiar in the mobile phone market with the payment functionality of a credit card. The card is not linked to a credit facility, and the customer defines the level of credit available on the card by making a deposit. To support the new card, First Data is providing processing and call centre services.
The new card enhances Dresdner’s service to its existing customers, providing greater financial security for those on holiday or making purchases over the internet. At the same time, it offers the benefits of a credit card to young people previously ineligible for one. It is a VISA card available for use worldwide at more than 24 million locations in 170 countries and through a million ATMs.
Oliver Klink, Head of Product Development at Dresdner Bank, said: “First Data is a proven partner with whom we can tap the full potential of this major new product. The prepaid card positions us both to attract new customer segments and to improve service to our existing clients.”
“The Dresdner Prepaid Card is an important new cashless payment instrument in the German market,” added Ernst Verbeek, vice president with responsibility for First Data’s operations in Germany. “Our extensive prepaid experience and strong relationship with Dresdner Bank – recently extended for a further five years - positions us well to support the bank in this exciting and ambitious project.”
About First Data International
First Data International, part of First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. The company serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. First Data International has more than 8,100 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific.
Serving over 5 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.
About Dresdner Bank AG
Dresdner Bank ranks among the leading European banks in respect of total assets and number of clients. Since 2001, Dresdner Bank is a 100% subsidiary of Allianz Group. Dresdner Bank is represented with 902 branch offices in Germany (incl. Oldenburgische Landesbank and Bankhaus Reuschel) as well as 50 branch offices abroad.
Dresdner Bank concentrates on private, business and group clients as well as multinational companies and institutions. As part of Allianz, Dresdner Bank is one of the leading providers of integrated finance solutions – locally, nationally and internationally. In the division Private & Corporate Clients we align ourselves according to the formation of Personal Banking, Private & Business Banking, Corporate Banking and Private Wealth Management. This enables an integrated proposition for private and corporate clients as well as the bundling of the whole offer for the medium-sized business in one division.
For further information:
Andrea Pansegrau
First Data International
Phone.: +49 69 7933 1686
Email: andrea.pansegrau@firstdata.de
Alexander Zang
Business Communications Consulting
Phone: +49 69 900 28 88-11
Email: zang@bcc-ffm.de
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