BW-Bank To Extend Its Contract With Worldline

BW-Bank To Extend Its Contract With Worldline
06.08.2015 01:00 am

BW-Bank To Extend Its Contract With Worldline

Payments

The bank came to its decision based on the longstanding and successful collaboration between the two companies. Worldline has managed issuing processing for the bank’s extensive range of cards for the past 17 years. Now, in addition to extending the existing service, development and introduction of innovative and future-oriented solutions are in the pipeline.

During 17 years of close teamwork, Worldline has managed issuing processing for BW-Bank’s extensive range of cards, which differ depending on customer needs for additional card functions and terms of payment. Based on Worldline’s seamless and world-class service, BW-Bank has decided to continue and expand services provided by Worldline’s customer contact center. This will include application processing services, cardholder and chargeback services.

Under the extended issuing processing contract Worldline will perform a series of new services. Worldline handles all the credit cards ranging from co-branded-cards, the bank’s own cards to prepaid cards via its technical platform, while also providing various other services such as management of contactless cards. The Company uses the internationally recognized “3D-Secure” service to ensure secure processing of web-based bank card payments. Furthermore, the bank’s customers can already use the "Self-Selected PIN" service, by which they can set their own PIN codes at any time.

The Company also administers real time scoring for the Payback-Portfolio and payment of loan instalments with the Worldline front office system.

Wolf Kunisch, Worldline Managing Director for Financial Processing & Software Licensing and responsible for Worldline Germany & CEE, said: “Extending our longstanding contract is the result of close and fruitful teamwork with BW-Bank. We have demonstrated over many years to the bank that they can count on our card processing expertise and it was our dedication to continue this long-term partnership and support BW-Bank with innovative and future-oriented solutions that swayed the bank’s decision."

Helmut Dohmen, BW-Bank Business Unit Manager Private Customers/Private Banking Stuttgart Region, added: "We regard Worldline as a reliable and innovative partner and have enjoyed valuable issuing processing support for many years that we would now like to continue and expand. We will successfully meet future challenges together."

Related News

Businesses will risk recovery unless $20 billion online payments hole is plugged

The economic recovery could be reduced or delayed unless businesses plug an annual $20bn hole in online transactions, according to a new study by fintech unicorn, ... Read more »

Ingenico helps digital businesses scale at pace

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today unveils a ... Read more »

True Name™ Card to be made available across Europe

Today, Mastercard has announced their commitment to bring the True Name card to Europe in 2020, enabling people to reflect their preferred... Read more »

Danske Bank opens up for payment initiation with Nordic API Gateway

The open banking platform, Nordic API Gateway, announces that it has extended its partnership with Denmark's leading bank to enable customers to pay from other... Read more »

Mastercard, AMEX & Visa announce global expansion of Click to Pay

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s... Read more »

Soldo extends partnership with Mastercard

Spend management platform Soldo today announces that it has extended its partnership with Mastercard®, to become a principal member of the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel