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EUFISERV and First Data Transaction CompletesSubmitted by epayments on September 23, 2008 - 9:42pm.EUFISERV Interbank Processing Business to be Relaunched as Trionis Brussels, September 23, 2008 (AllPayNews.com) - First Data Corp., a global leader in electronic commerce and payment services announced today that it's recently announced transaction with EUFISERV and its 15 shareholders, which includes 12 European banks and banking organisations, has now been completed. To reflect the new joint ownership structure, the EUFISERV inter-bank processing business will be renamed Trionis. Under the terms of the transaction, First Data has acquired a 50 per cent equity stake in EUFISERV's inter-bank processing business. Ernst Verbeek, formerly vice president, Inter-bank Processing Services at First Data, and Petter N. Johansen, formerly managing director at EUFISERV, have been appointed by the shareholders, as managing director and chairman respectively. A new Board of EUFISERV will be made up of the chairman, the managing director and the following representatives from the original EUFISERV shareholders and First Data: Agustin Marquez, CECA; Bernd Fieseler, DSGV; Michel Gulikers, Fortis; Peter O'Toole, First Data; Nadeem Shaikh, First Data; Peter Vesco, First Data. "Trionis represents a constellation" explains Ernst Verbeek, "and we chose this name as we felt it was a great reflection of our vision for our organization, in the sense that it describes the concept of building connectivity from a network in an open skies environment." Trionis will be based in Brussels, operating out of the former EUFISERV premises. As part of the transaction Trionis' products and services will be promoted through the First Data sales-force across Europe in addition to being offered through a dedicated sales team within the Trionis organisation. Petter N Johansen, chairman of the re-launched organisation commented "With First Data joining together with the former EUFISERV shareholders, we are now in a position to offer a unique inter-bank payment card switching service throughout the Single Euro Payments Area and beyond. We already have plans in place to expand and develop the network, formerly operated by EUFISERV". The Trionis Network will provide extensive European coverage for its clients. The company plans to link the former EUFISERV network to First Data's network, which could enable access to up to 74,000 ATMs, 1.5m point-of-sale terminals and 165 million card accounts across Europe. EUFISERV formerly operated an ATM card scheme that provides cardholders from member banks with access to cash at more than 60,000 ATMs in nine European countries. In line with SEPA requirements, the EUFISERV card scheme has already been spun off into a separate company, EUFISERV PAYMENTS SCRL, which is owned by the fifteen original EUFISERV shareholders. About EUFISERV EUFISERV formerly operated an ATM card scheme that provides cardholders from member banks with access to cash at more than 60,000 ATMs in nine European countries. In line with SEPA requirements, the EUFISERV card scheme has already been spun off into a separate company, EUFISERV PAYMENTS SCRL. More on www.EUFISERV.com About First Data First Data is a global technology leader in information commerce. The company processes transaction data of all kinds, harnesses the power of that data and delivers innovations in secure infrastructure, intelligence and insight for its customers. With operations in 37 countries, First Data serves more than 5.4 million merchant locations and more than 2,000 card issuers and their customers. It 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 2.1 million ATM and retail locations. Through First Data's centers of excellence, such as security, analytics, customer loyalty and mobile payments, it offers data-driven commerce solutions for customers around the globe. For more information, visit www.firstdata.com. About Trionis Trionis offers the issuers of 165m cards access to cash at more than 74,000 ATMs across Europe. Trionis provides processing services to its users for switching POS and ATM card payment transactions on EUFISERV and all other payment card brands. Trionis is a Brussels-based company owned by retail banks from nine European countries, the European Savings Banks Group and First Data. Its mission is to develop, maintain and operate international payment services for the financial industry. More on www.trionis.com Media Contacts For Trionis For First Data Suzi West, Director Marketing & Communications »
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