SUNCORP VISA
Suncorp-Metway, Australia’s sixth largest bank and second largest general
insurance group, has signed a long-term processing agreement with US-based
Certegy. Suncorp is launching a new VISA card in 2003. Suncorp will process
the cards on its ‘BASE2000″ payment processing platform from its Melbourne
service center. Certegy currently processes 3.5 million cards at its
Australian center. Suncorp-Metway was created in late 1996 when the
Queensland Government owned Suncorp and QIDC groups were merged into the
publicly listed Metway Bank Ltd Group. Suncorp has total assets of more
than $34 billion.