Tietoevry Banking, the market-leading provider of financial SaaS solutions based in the Nordics, has signed a contract with Butterfield in Guernsey to provide a state-of-the-art credit card processing platform as well as card production and personalisation services using sustainable payment cards produced from recycled plastic.
Deployed as software-as-a-service (SaaS), Tietoevry Banking’s credit ledger offers end-to-end credit card transaction processing, dispute handling, financial crime prevention, customer support and mobile and wallet-based payments.
Butterfield’s credit card offering to Guernsey and Jersey residents, with credit cards issued from Guernsey, will have an environmentally friendly profile and encourages spend at local businesses with the ability for cardholders to earn rewards via cash-back promotions, with a percentage of every spend going to local charities.
Alan Bain, Managing Director, Butterfield Bank (Guernsey) Limited said, “We are pleased to be working with Tietoevry Banking, offering personal credit cards for residents of Guernsey and Jersey, issued from Guernsey. We have chosen to issue Tietoevry Banking’s sustainable card made of 95% recycled PVC plastic as we continue our pledge to operate responsibly, in alignment with universal sustainability principles.”
With its heritage in the Nordics, one of the most digitized regions in Europe, and with a strong presence in the UK serving over 23 banks, Tietoevry Banking has built an industry-standard and sustainable market-leading payment card service.
“We are delighted to be working with Butterfield. This partnership underpins our growth strategy in the UK and Ireland of providing scalable, sustainable, and secure cloud-based card services that meet the industry’s regulatory requirements and offer superior user-experience for both small and large banks,” said Hans Sjölund, Head of Card Sales & Business Development in Tietoevry Banking.
For more information, please contact:
Tietoevry Banking: Hans Sjölund, Head of Card Sales & Business Development, Tietoevry Banking
Tel: +46 73 236 5222, Email: firstname.lastname@example.org
Butterfield Group: Claire Heaume, VP, Marketing & Communications
Tel: +44 1481 733253, Email: email@example.com
About Tietoevry Banking
Tietoevry Banking is the market-leading provider of financial SaaS solutions for the Nordics and beyond. We modernize banks and unlock significant value for clients with our proven low-risk implementation of our market leading software for Cards, Payments, Credit, Financial Fraud Prevention and Wealth, as well as a modular, pre-integrated Banking as a Platform solution. With unmatched scale, expertise and specialization, we drive the industry forward by enabling financial institutions to become more agile and efficient, accelerating their digital transformation journey. We are part of Tietoevry; the group’s annual turnover is approximately EUR 3 billion. Tietoevry’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs.”
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from our offices in Bermuda, the Cayman Islands and Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore, and the United Kingdom, where we offer specialised financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, and asset management. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, Butterfield Bank (Jersey) Limited offers select banking and wealth management services. The Bank of N.T. Butterfield & Son Limited is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.
Credit cards are only available to over 18s and residents of the Channel Islands. Credit cards will be issued from Guernsey.
Butterfield Bank (Guernsey) Limited (“BBGL”) is licensed and regulated by the Guernsey Financial Services Commission under The Banking Supervision (Bailiwick of Guernsey) Law, 2020, The Protection of Investors (Bailiwick of Guernsey) Law, 2020 and The Lending, Credit and Finance Bailiwick of Guernsey) Law, 2022, each as amended from time to time, under registration number 85. BBGL is a participant in the Guernsey Banking Deposit Compensation Scheme (the “Scheme”) established by The Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 (the “Ordinance”). The Scheme offers protection only in respect of ‘qualifying deposits’ (as that term is used in the Ordinance) of up to £50,000, subject to certain limitations as set out in the Ordinance. The maximum total amount of compensation is capped at £100,000,000 in any 5 year period. Full details are available on the Scheme’s website www.dcs.gg or upon request. Deposits are not covered by the UK Financial Services Compensation Scheme under the Financial Services and Markets Act 2000, nor are deposits covered by any equivalent scheme outside of the Bailiwick of Guernsey. BBGL is registered under the Data Protection (Bailiwick of Guernsey) Law 2017, under registration number 11160 and with the Guernsey Registry under registration number 21061. BBGL’s registered office address is P.O. Box 25, Regency Court, Glategny Esplanade, St Peter Port, Guernsey, GY1 3AP. BBGL’s products and services are available in Guernsey and only in those other jurisdictions where they may be legally offered or obtained. Terms and Conditions can be obtained from our website and copies of the latest audited accounts are available on request.
BBGL is wholly-owned subsidiary of The Bank of N.T. Butterfield & Son Limited.