OSTRAVA, Czech Republic and LEAWOOD, Kan. -- Euronet Worldwide will implement its Euronet Integrated Card Management System, which provides online ATM card authorization and settlement processing, for Union banka a.s., a retail bank in the Czech Republic.
Union banka, with more than 200,000 customers and 100 branches across the Czech Republic, is using Euronet's card management software in its first step toward offering integrated transactions. The card system can be used to deploy and manage ATM cards, and to provide customer assistance, online transaction authorization and offline posting. Additionally, the system facilitates hold processing, settlement processing, chargebacks and representment, according to a Euronet news release.
"This is a major step toward merging all payment systems under one integrated transaction management umbrella," said Alena Pejcochova, the bank's senior director of Information Systems.
"Union banka is a progressive bank that understands the importance of integrated transactions,' said Michael Brown, Euronet Worldwide chief executive officer and chairman. "Not only does our card system provide a greater service for Union banka's extensive customer base, it creates an excellent benchmark for other banks in the region to invest in integrated systems."
