SIA’s technology infrastructure processes the transactions of over 2.8 million cards issued by Landesbank Berlin in collaboration with major national and international commercial partners.
Landesbank Berlin, Germany`s largest issuer of co-branded credit cards, has chosen SIA, European hi-tech company, leader in the fields of payment services and infrastructures, for the realization of the new system for the management of payment cards co-branded with leading commercial partners in Germany, like ADAC (Allgemeiner Deutscher Automobil-Club) the German Automobile Club, according to a press release.
With this agreement, the processing of over 2.8 million cards issued by Landesbank Berlin is managed by SIA’s technology platform which also includes advanced services for the management and prevention of fraud, and management of disputes and chargebacks.
Landesbank Berlin can also use additional applications made available by SIA, such as the digital preservation of customer documentation and the Business Intelligence & Datawarehouse solution which, through predictive analysis of data and information, supports the development of business initiatives.
“In cooperation with SIA we offer our credit card customers innovative payment solutions at the POS and in e-commerce. We also expect from the change to expand our business with cooperation partners and to benefit from reduced costs” comments Johannes Drews, Managing Director of Landesbank Berlin AG.
“This initiative makes us particularly proud because Landesbank Berlin has chosen to use our digital platform to offer the customers of its business partners a series of innovative services, from payments to insurance. This confirms SIA’s role as the technology partner of reference also in Germany thanks to its consolidated experience in managing complex projects and its leadership in the development of digital payments,” stated Cristina Astore, Northwest Europe and DACH Region Sales Director of SIA.
SIA – a subsidiary of CDP Equity – is European leader in the design, creation and management of technology infrastructures and services for Financial Institutions, Central Banks, Corporates and the Public Sector, in the areas of Card & Merchant Solutions, Digital Payment Solutions and Capital Market & Network Solutions.
SIA Group provides its services in 50 countries, and also operates through its subsidiaries in Austria, Czech Republic, Croatia, Germany, Greece, Hungary, Romania, Serbia, Slovakia, and South Africa. The company also has branches in Belgium and the Netherlands and representation offices in the UK and Poland.
In 2019, SIA processed a total of 16.1 billion issuing and acquiring transactions in the Card & Merchant Solutions segment, 16.3 billion transactions in the Digital Payment Solutions segment and in the Capital Market & Network Solutions segment, approximately 4.5 terabytes of data were carried on the 208,000 km of the SIAnet network.
The Group, which currently has over 3,550 employees, closed 2019 with revenues of €733.2 million.
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