Card Tech Limited Delivers EMV to HVB Bank. Czech Republic card issuer adopts the PRIME EMV solution.

London, UK June 21, 2004 -– Card Tech Limited (CTL), a UK-based leader in the payments industry, today announced that it would integrate its full EMV solution with its existing PRIME card and merchant management solution at HVB Bank.

The bank's range of MasterCard and Visa card products has impressive market share in the Czech Republic. HVB is adding M/Chip and VSDC issuing and acquiring to its portfolio to expand its products and build on its competitive edge.

Jaffar Agha-Jaffar, Card Tech Limited's managing director, spoke of his company's long relationship with HVB: "Our partnership dates back to 1993, when the bank was known as Bank Austria Creditanstalt. We have seen impressive growth in the bank's card business over a decade; CTL solutions have supported every product innovation."

"Today's PRIME solutions offer new features that will keep HVB one step ahead of the pack. I look forward to seeing the new breed of chip-enabled products the bank has in store for its customers."

Christian Bruckner, Chief Operating Officer & Chief Financial Officer, HVB Bank Czech Republic a.s. said, "We are anxious to provide our services with the highest quality and the best way suitable for our customers. It is a big commitment for us. I think with those kinds of services we bring something new and comfortable to them."

About Card Tech Limited
More than 160 banks from 60 countries use CTL software.
Our solutions – including card issuance, merchant acquiring, authorisation, message switching, encryption key and PIN management, e-commerce and fraud management – address every aspect of the card management business cycle. They are developed and supported by a dedicated team of over 240 CTL specialists.

We have an exceptional record of delivering payment association - compliant solutions on budget and on time; we back up every implementation with a 24x7 global support service.

About HVB Bank Czech Republic
HVB Bank Czech Republic is a subsidiary of the Austrian bank institution Bank Austria Creditanstalt (BA-CA), which is responsible for the CEE markets in the HVB Group. With its balance sheet total of CZK 140bn, HVB Bank CZ has been the fourth largest bank in the Czech Republic for a long period of time. It has a potential of further expansion, stemming, primarily, from its sufficient capital base.

Contact:
Russell Sleaper
Head of Communications

Card Tech Limited
114A Cromwell Road
London SW7 4ES
UK
Tel: +357 2288 2626
Fax: +357 2288 2824

www.ctl.com




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