Miscellaneous

Euroline to handle KLM's card transactions in nine countries


Euroline, a business unit within SEB Kort AB, a subsidiary of
Skandinaviska Enskilda Banken, have concluded a Central Acquiring
agreement with yet another major customer - KLM Royal Dutch Airlines.
The agreement, which came into force on 1st June 2002, will mean
Euroline handling the acquiring of KLM's card transactions centrally.


"This is another milestone for us and a proof that we have a Central
Acquiring Service of world caliber," says Lars Goran Bergvind, Head of
Central Acquiring at Euroline.


"Euroline have an extremely flexible attitude and are easy to work with.
They offer a highly competitive product at a competitive price, so the
decision was actually pretty easy," says Wilna van Dijk, Credit Card
Manager at KLM.


The agreement covers payments in nine European countries, namely
Switzerland, Russia, Poland, Hungary, Holland, Norway, Denmark, Finland
and Sweden. Which means that in Holland, Euroline also successfully out-
competed KLM's local redemption company.


Central Acquiring means a single agreement with Euroline for all credit
card sales with MasterCard and Visa cards, from all countries and in any
currency. The benefits include lower administrative costs and promotion
in efficiency, management infor-mation in a uniform format and
partnership bonds between the Airline and Euroline.


Since Euroline's launch of Central Acquiring in 2000, the company has
signed contracts with three major airlines, namely SAS, and KLM. The
company also has contracts with a handful of smaller airlines.
Globally, Euroline's competitors in the Central Acquiring sector are
NatWest/Stream-line International and Citibank, whilst in the European
market, our biggest competitor is Barclays.



For additional information, please contact:

Lars Goran Bergvind, Head of Central Acquiring, Euroline, [phone]
Rikard Malmfors, Marketing Manager, Euroline, [phone]
Kerstin Ottosson, Information Manager, Euroline, [phone], [phone] 
Youssef Eddini, KLM Mediarelations + 31 20 64 94545

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