Bank of Ireland has selected EVO Payments International (EVO), a card payment acquirer and payment service provider, to provide it merchant acquiring services in the Republic of Ireland and Northern Ireland.
The services, which will be marketed under the name Bank of Ireland Payment Acceptance, will be introduced later this year.
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Under the terms of the agreement, Bank of Ireland and EVO will provide merchant customers with a wide range of market-leading debit and credit card payment solutions.
EVO said that Bank of Ireland Payment Acceptance will offer a variety of solutions that will appeal to both new and existing customers. Through the roll out of Bank of Ireland Payment Acceptance, 40 full time jobs have been immediately with considerable scope for future job creation.
Gavin Kelly, director of consumer banking at Bank of Ireland, said: "Bank of Ireland is delighted to be expanding the service we offer our customers through our return to the delivery of merchant acquiring services.
"This is a significant deal for us, and we are ambitious for the roll out of this service across the island of Ireland. This partnership will offer new and existing customers cutting-edge payment solutions, and will change how consumers use their credit and debit cards."
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