Global Payments Inc. has announced that MUZO, a.s., Global Payments’ Prague-based, majority-owned subsidiary, has executed an agreement with BAWAG Bank to provide credit card issuing services including card management, card personalization, PIN printing and distribution, as well as card statement printing and distribution in the Czech Republic. MUZO will also provide credit card authorization services for BAWAG Bank’s Czech Republic customers.
MUZO is one of the Czech Republic’s largest indirect processors, and provides card issuing and processing services throughout Central and Eastern Europe.
“This agreement, with one of Austria’s most successful card issuers, is evidence of the strength of our payment solutions and our ability to tailor a program specifically for our customers’ needs, while significantly minimizing their initial investment costs,” said President of Worldwide Payment Processing for Global Payments, Carl J. Williams. “We are pleased to partner with BAWAG Bank and believe that we have made their entry into the Czech Republic convenient and cost effective.”
Markus Hermann, general director of BAWAG Bank CZ a.s., said, “We have chosen MUZO as an experienced and dependable partner to launch and process our new and important product line – credit cards.”
“Dresdner Bank CZ a.s., which was acquired by BAWAG Bank, has had excellent results working with MUZO during the past eight years,” Hermann added.
BAWAG Bank CZ a.s. belongs to the fourth largest Austrian financial group BAWAG P.S.K. Group.