Banks Europe

Landesbank Berlin Chooses SIA for the New Payment Card Management System in Germany

  • SIA’s technology infrastructure processes the transactions of over 2.8 million cards issued by LBB in collaboration with major national and international commercial partners

  • Among the first initiatives already launched on the market an innovative contactless card co-branded with ADAC, the German Automobile Club

Landesbank Berlin, Germany`s largest issuer of co-branded credit cards, has chosen SIA, European hi-tech company, leader in the fields of payment services and infrastructures, for the realization of the new system for the management of payment cards co-branded with leading commercial partners in Germany, like ADAC (Allgemeiner Deutscher Automobil-Club) the German Automobile Club.

With this agreement, the processing of over 2.8 million cards issued by Landesbank Berlin is managed by
SIA’s technology platform which also includes advanced services for the management and prevention of fraud, and management of disputes and chargebacks.

Landesbank Berlin can also use additional applications made available by SIA, such as the digital preservation of customer documentation and the Business Intelligence & Datawarehouse solution which, through predictive analysis of data and information, supports the development of business initiatives.

“In cooperation with SIA we offer our credit card customers innovative payment solutions at the POS and in
e-commerce. We also expect from the change to expand our business with cooperation partners and to
benefit from reduced costs” comments Johannes Drews, Managing Director of Landesbank Berlin AG.

“This initiative makes us particularly proud because Landesbank Berlin has chosen to use our digital platform to offer the customers of its business partners a series of innovative services, from payments to insurance. This confirms SIA’s role as the technology partner of reference also in Germany thanks to its consolidated experience in managing complex projects and its leadership in the development of digital payments,” stated Cristina Astore, Northwest Europe and DACH Region Sales Director of SIA.

Author

  • Editorial Director of the The Fintech Times

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