Have You Heard The News? Global Payments Europe to Provide Comprehensive Processing Services for STARBANK in Russia

In the past cross border payments where the buff of the banks, but nowadays many credit card processing firms have eased up the hassle of cross border payments. The press release below makes this point very clear. Enjoy.

Global Payments Europe to Provide Comprehensive Processing Services for STARBANK in Russia

ATLANTA and MOSCOW, June 13 /PRNewswire/ --

Global Payments Inc. (NYSE: GPN), a world leader in electronic transaction processing services, announced today that its Prague, Czech Republic-based wholly-owned subsidiary, Global Payments Europe, s.r.o. has reached a multi-year agreement to provide a complete outsourcing solution for payment card processing services to STARBANK (formerly Noyabrski Gorodskoi Bank (NGB)).

The scope of the agreement encompasses authorization services, card management services, bank card personalization data preparation, fraud monitoring, ATM and POS management, e-Commerce, as well as (SMS) account alerting services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO )

Global Payments Europe will also provide technological oversight, which will enable STARBANK to more easily expand its services throughout the Russian Federation in the near future. STARBANK plans to begin issuing credit cards in the summer of 2007.

"We welcome this opportunity to provide indirect issuing and acquiring services to STARBANK. The expertise we have gained through our extensive experience in migration and implementation projects in Russia and other Eastern European markets will help Global Payments to seamlessly deliver a customized solution for STARBANK and its customers," said Stanislav Coufal, the head of Global Payments Europe, Russian Federation operations.

Mr. Erik Sultankulov, Chairman of the Board of Directors, of STARBANK said, "We appreciate the cooperation with Global Payments Europe, a leader in the international market for electronic payments processing services. By utilizing such an experienced, technologically advanced, efficient, and reliable partner, we will ensure our business development and the fulfillment of our business objectives."

Based in Prague with offices in Moscow, Kiev, Warsaw, Bratislava, and Sarajevo, Global Payments Europe, s.r.o. serves financial institutions with a comprehensive package of indirect payment services including credit and debit card transaction processing, installation and servicing of ATM and POS terminals, as well as card issuing services such as card database management and card personalization.

The company also provides m-Commerce and e-Commerce services as well as credit bureau processing services. Global Payments Europe's proprietary platform was among the first in the European market to be compliant with the international EMV standards for chip-based payment cards.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. For more information about the company and its services, visit http://www.globalpaymentsinc.com/.

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10-K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

Web site: http://www.globalpaymentsinc.com/