Pohjola Pankki Oyj : OP-Pohjola and Equens to reach an agreement on cards
OP-Pohjola has concluded an agreement on card services with Equens, a company
based in the Netherlands. According to the agreement, Equens will provide
OP-Pohjola Group with services required in the issuance of OP-Visa Debit and
OP-Visa Electron cards linked to a bank account. In addition to system
services, the agreement covers support services related to cards. The
agreement does not affect contractual relationships between OP-Pohjola and its
customers, or the range of services provided by OP-Pohjola to its customers.
- In card payments, Finland is a superpower where cards have established their
position as an easy and safe means of payment. Co-operation with Equens is
part of our plan to develop and improve the efficiency of our card services
further as well as to improve our capability to respond to our customers'
changing needs, states Kasimir Hirn, director of the cards and emerging
payments business at OP-Pohjola.
Equens is one of Europe's largest card and payment processors, with an annual
processing volume of 10.4 billion payments and 4.4 billion card transactions.
The company operates over 61 million payment cards, 873,000 POS terminals and
OP-Pohjola and Equens are already engaging in co-operations in SEPA payment
transmission since 2008.
The change of cooperation partner does not require any measures by
For more information, please contact:
Kasimir Hirn, Head of Cards tel. +358 50 5325368
OP-Pohjola Group is Finland's leading financial services group providing a
unique range of banking, investment and insurance services. The Group's
mission is to promote the sustainable prosperity, well-being and security of
its owner-members, customers and operating regions through its local presence.
Its objective is to offer the best and most versatile package of loyal
customer benefits on the market. OP-Pohjola Group consists of some 200 member
cooperative banks and the Group's central institution, OP-Pohjola Group
Central Cooperative, with its subsidiaries and closely-related companies, the
largest of which is the listed company Pohjola Bank plc. The Group has a staff
of 13,000. OP-Pohjola Group posted earnings before tax of EUR 601 million in
2012 and had total assets of EUR 99.8 billion on 31 December 2012. The Group
has over four million customers.
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
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