First Data, an electronic commerce and payment processing services, has entered into an ATM deployment agreement with TEB-BNP Paribas in Turkey. During the next three years, First Data and TEB will create a new network comprising 1,250 ATMs at retail and other convenient locations in Istanbul and major cities across Turkey.
First Data and TEB will draw on the combination of their global ATM expertise and local market knowledge to create a premier retail ATM network, increasing ATM availability and offering new functionality to cardholders. TEB’s existing customers, as well as cardholders from other banks, including tourists and visitors to Turkey, will be able to withdraw cash and use other ATM services, conveniently and securely.
For retailers, the ATMs offer a new channel of communication with customers and provide opportunities to expand their service offering and generate additional revenue.
Cemal Kismir, head of retail banking at TEB, said: “This initiative is significant in terms of size and scale and will deliver value to our customers across the country.”
Soner Canko, managing director of First Data’s operations in Turkey, said: “We continue to strengthen our position in Turkey, an important growth market for First Data, by offering economies of scale, high-quality technical infrastructure and service excellence.”
