EDB ErgoGroup is to deliver standardised services for the banks' ATMs. This includes administration, software management, transaction processing, settlement and operational monitoring. A combined transition project will make all 2,800 ATMs part of EDB ErgoGroup's service concept for ATMs over the course of 2012.

The contract is based on the letter of intent the parties signed on February 1, 2011. EDB ErgoGroup will take over responsibility for operating the ATMs belonging to the five largest banks in Sweden which include Danske Bank, Handelsbanken, Nordea, SEB and Swedbank.

Bankernas Automatbolag will purchase services relating to the operation of the ATMs on behalf of the five banks. EDB ErgoGroup will continue to use the banks' current sub-contract suppliers of technical services and communication networks.

The collaboration with EDB ErgoGroup will also ensure that the banks have access to leading expertise in the area, as well as the synergy benefits of combined purchasing.

Terje Mjos, CEO of EDB ErgoGroup, said: “This agreement with Bankernas Automatbolag is an important milestone for our commitment to the Swedish market. We have built up a strong presence across the Nordic region over recent years, and we have developed a standardised IT services portfolio for the banking and finance market. This agreement demonstrates the results of this commitment.”

Stefan Bergelind, managing director of Bankernas Automatbolag, said: “Through this collaboration between Bankernas Automatbolag and EDB ErgoGroup, we can offer Swedish banks and other card issuers a unified infrastructure for ATMs and realize synergy benefits by purchasing standardised services. The contract also gives us access to certificated solutions and leading expertise in the payments area.”

How far the deal benefits Bankernas?

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