The European payments market is in a state of constant change. Increasingly acquirers are looking to process transactions cross-border; issuing banks have card customers in more than one country; large merchants look for on-us networks that can offer the possibility of blended rates and retailers are looking for card acceptance solutions that are cost-effective for all their outlets, irrespective of country location.

In response to this changing environment, First Data has joined together with EUFISERV’s fifteen shareholders to form a unique organisation to provide interbank payment card switching within the Single Euro Payments Area and beyond, under the name Trionis.

Trionis has been created with the intention of providing a new option for financial institutions across Europe.

In line with SEPA requirements, the EUFISERV card scheme has already been spun off into a separate company, EUFISERV PAYMENTS SCRL, which is owned by the fifteen original EUFISERV shareholders. To find out more about EUFISERV PAYMENTS SCRL please visit www.EUFISERV.com