CCR World Magazine

You are here  :Home arrow News arrow Tieto and First Investment Bank launch in-house acquiring
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Tieto and First Investment Bank launch in-house acquiring Print E-mail
Tuesday, 18 August 2015

Tieto and First Investment Bank, one of the major banks in Bulgaria, have replaced the existing acquiring system with Tieto Card Suite solution. Now the bank will be able to offer its clients a full range of acquiring services.

The replacement of the existing system with a new one will allow First Investment Bank to minimize its daily processing costs and facilitate launch of new services later on, as the bank continually improves its in-house infrastructure.

Tieto Card Suite for acquiring provides a complete spectrum of merchant processing and servicing options, and allows more flexible control and analyse of daily operations, which enables better understanding of customer needs and optimization of the product and service portfolio. Moreover, with this solution, financial institutions can fully withdraw from attracting third party services.

- "Within this project, we have successfully migrated large volumes of data without any impact on system performance, thus totally undetected by bank customers. First Investment Bank has chosen Tieto in view of our long-term and fruitful cooperation, and their confidence in Card Suite technical and competitive capabilities," says Māris Ozoliņš, Director of Cards at Tieto.

- "We have always been interested in offering our clients the most advanced and reliable banking products and services. On behalf of First Investment Bank I would like to thank Tieto for the successful partnership and the pleasure to work together," says Mariana Sadzhaklieva, Member of the Managing Board of Fibank and Director of Operations Department.

(Source - Tieto/First Investment Bank Press Release)  


The CCR World App


Read CCR World as an App on your iPad or iPhone.
Simply click on this link (opens iTunes as an external link) to see the CCR World iTunes Preview and download to receive a free two-week trial or go to iTunes or the App Store and search for "CCR World".

CCR Magazine

Want to know more about the UK credit scene? Then take a look at our sister magazine, CCR, the leading UK publication for senior credit industry executives.

Find out more

CCR World newswire

Sign up to our E-Newsletter and E-Alerts.


Read The Magazine - FREE ONLINE!

CCR World is the premier magazine for consumer and commercial credit professionals. It provides an independent voice to the global industry, breaking news stories and running in-depth features.

It is FREE to read online, so click here to read the current edition online.

(If you have not registered already, you will just need to do so to read all the news and analysis).

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197