Bendigo Bank cards business enters new phase
20/11/2003Bendigo Bank’s credit card business entered a new era this week when the bank became a full service provider of credit cards through becoming an acquirer of the three major card brands – Bankcard, MasterCard and Visa.
This will bring pricing and service benefits to Bendigo’s business customers, or merchants, as the bank will now be able to provide this service in its own right.
Previously, merchant acquiring was offered through a third party arrangement, as Bendigo was a participating member of the Visa scheme only.
Chief Manager Card Division, Greg Devlin, said the move to join MasterCard and Bankcard would bring immediate benefits to the bank and its merchants, including: