Fusion of Bavaria Card Services and PlusCard in the area of card processing - increase in competitiveness
Fusion of Bavaria Card Services and PlusCard in the area of card processing - increase in competitiveness
Fusion of Bavaria Card Services and PlusCard in the Card Processing area strengthens customer focus
The merger of Bayern Card services and PlusCard in the area of card processing has the common goal of increasing the company's competitiveness and realizing synergies for the institutes of the Sparkassen-Finanzgruppe. This merger will enable the newly operated company to offer over 760 employees around MasterCard and Visa credit and debit cards.
What happened?
Bayern Card services and PlusCard have merged to combine their strengths in the area of card processing and to be able to serve their customers even better. However, the transaction is still subject to the usual regulatory release. With the merger, a powerful player is created in full processing for customers of the Sparkassen-Finanzgruppe and other financial institutions.
Who is involved?
The merger was carried out by Bayern Card Services and PlusCard, which now act as a joint company. The management consists of Ferdinand Lachner, Mark Hauel, Julian Weste and Stephan Heintz.
Where did it take place?
The headquarters of the merged company is located in Saarbrücken, with a branch in Munich.
When did it take place?
The exact time of the merger was not mentioned. However, the implementation of the transaction is subject to the usual regulatory release.
Why is it important?
The merger of Bayern Card services and PlusCard in the area of card processing is important to strengthen the company's competitiveness and to implement synergies for the institutes of the Sparkassen-Finanzgruppe. Thanks to the merger, the company can offer its customers an even broader offer, higher service quality and an improved performance catalog.
The Qards GmbH, as the merged company is called, is one of the largest processing companies in Germany with over 350 supervised institutes. With its expertise in the field of processing and services, the company offers high-quality services for financial institutions and their card inhabitants.
The merger of Bayern Card services and PlusCard in the area of card processing strengthens customer focus and enables the company to offer tailor-made solutions for its customers. This is important because the card business forms the heart of the payment industry and enables smooth handling of transactions in our digital world.
The merger of Bayern Card services and PlusCard in the area of card processing is a significant development in the German market and shows how companies join together to get their technical skills to an even better level. With the merger, both companies can combine their strengths and further consolidate their position in the market.
The Qards GmbH will continue to act as an independent society and offer its services in the area of card holders. Through certified quality management and continuous adaptation to current developments, the company ensures the high performance of its card products.
The merger of Bayern Card services and PlusCard in the area of card processing is an important step to focus on the needs of customers and to offer them tailor-made solutions. The company continues to work to advance the payment industry in Germany and to support the digitization of payment transactions.
press contact:
The following contacts are available for press inquiries:
-Deutsche Kreditbank AG (DKB): Hauke Kramm, press spokesman, Tel.: 030 120 30 83 33, email: press@dkb.de
-DSV group: Martin Kurz, press spokesman, Tel.: 0711 782-22736, email: press@dsv-gruppe.de
-Bayern Card-Services GmbH (BCS): Dr. Alexandra Hajek, corporate communication, email: alexandra.hajek@bayerncard.de
-PlusCard service company for credit card processing mbH: Dr. Oliver Gast, Head of Corporate Communication & Press Spokesman, email: oliver.gast@pluscard.de