Commerzbank extends contract with Worldline

Commerzbank has extended its card processing contract with payment and transactional services provider Worldline for a further seven years

Commerzbank extends contract with Worldline

Worldline has been offering end-to-end processing service for the German lender since 1998, which includes complete processing of the bank’s Visa cards as well as MasterCards.

The service provided covers Commerzbank credit cards and co-branded cards that are issued together with partners.

The contract also offers customer services apart from technical processing.

Commerzbank director of payments and deposits Julian Mattes said: “We continue to put our faith in Worldline because the firm can provide us a reliable, highly secure and cost-effective service.

“Under our long-term alliance we can join forces and roll out high-tech offers. We are looking forward to pursuing our fruitful partnership.”