EDB, a leading Nordic IT provider, has signed a card services agreement with OK-Q8, Sweden's largest chain of petrol stations.

The agreement, which runs for five years and is one of the largest contracts for card services that EDB has won in the Swedish market, will involve the delivery of payments services for the chain's customers.

EDB will be using Malta-based RS2's Bankworks platform to provide the basis for its products and services in this area.

The total contract value is of SEK 80 million. OK-Q8 is one of the largest payment card issuers in Sweden, with 1.3 million customers and 1.6 million cards in use.

The contract provides for EDB to take on responsibility, over time, for issuing all cards for OK-Q8 finance's customer portfolio in the Swedish market. The cards currently issued to these customers can only be used for payments at OK-Q8 and its partners, totalling 900 locations.

OK-Q8 will also begin to issue a new OK-Q8 VISA card, which will allow its customers to use their cards throughout the Visa network.

RS2's solutions are focused on the Bankworks suite of application modules. Bankworks is a powerful modular high-end card management system designed to meet current and future requirements in the international payment card industry.

EDB Business Partner is a leading Nordic stock exchange-listed IT company. The EDB group has 6,000 employees, with annual pro forma turnover of NOK8.5 billion.

EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions. EDB is committed to being a close and responsive IT partner that helps its customers operate more efficiently and achieve their business objectives.

RS2's system meets processing requirements defined by banks, service providers, and other organisations involved in diverse card businesses.

The system's modules include card issuing, merchant acquiring, transaction processing, clearing, settlement, reporting, dispute management and internet services.

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