ASHBURN International, a company specializing in the development, implementation, and support of software for POS terminal network management and transaction routing, has signed a cooperation agreement with SEB Bank. The subject of the contract is the supply, ongoing maintenance and the implementation of software for managing the POS terminals network of this credit institution in all Baltic countries.

Earlier, ASHBURN International, part of the Penki Kontinentai Group, provided these services to the bank in Lithuania. Projects in neighboring countries, Latvia and Estonia, are implemented in cooperation with another company owned by Penki Kontinentai, BS/2, which provides support and maintenance of POS terminals.

“Today many banks already actively use the services of third-party processing companies, whose qualified specialists have experience in a specific area. Operational process outsourcing will allow us to focus on our core business and improve service availability. The partnership with ASHBURN International has been going on for many years, so we are glad that our constructive and professional cooperation is moving to a new level,” says Sonata Gutauskaitė-Bubnelienė, Member of the SEB Bank Board and Head of Retail Business in the Baltic States.

ASHBURN International works as a payment service provider with the largest banks and merchants in the Baltic States. The company provides POS terminals for rent and complete maintenance services, as well as the TransLink.iQ solution, which helps administer POS terminal networks and provides transaction delivery.

“We are glad to work with leaders in the financial services market. SEB bank has always been distinguished by its innovative approach and implementation of technological solutions. Our mission is to help achieve these goals. Also, financial institution will easily adapt to the customer needs, because our technical solutions are aimed at specific groups of traders: catering, retail,” says the Executive Director of ASHBURN International Žoržas Šarafanovičius.

SEB Group (Skandіnavіska Enskіlda Banken) is a financial institution headquartered in Sweden. SEB has a history of over 150 years. The Group has established itself in the global banking market as a reliable partner and built long-term relationships with its customers. SEB offers universal banking services in the Scandinavian and Baltic countries, Germany, Poland, Ukraine, and Russia. The total number of employees exceeds 15 thousand, corporate clients - 400 thousand, private - 5 million. SEB bank owns more than 40,000 POS terminals in the Baltic States.