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	Cross usage in january 2010

	19682 payment systems

History of Pankade Kaardikeskus

Kaardikeskus was founded in August 31st 1993 by two Estonian Commercial Banks. Reasons for founding Kaardikeskus were:

- to share international connection expenses
- to develop interoperability between the banks in ATM and POS networks
- to establish card acceptance standard in Estonia

Eesti Ühispank (now SEB) joined Kaardikeskus in 1996. Since then Kaardikeskus has been the only player in processing business in Estonia.

Kaardikeskus acted as common development centre for the Commercial Banks. Among others, EMV solution and certification, e-commerce and m-commerce solutions and ATM hosting were developed there. Kaardikeskus is acting as a roundtable of Banks on Risk and Fraud issues.

Development history:

1993
MC POS Acquiring

1994
Visa POS Acquiring, ATM cross-usage, POS host, POS cross-usage

1996
Diners Acquiring

1997
Amex processing, VISA and MC ATM Acquiring, VISA and Maestro Issuing

1999
VPN

2000
WEB POS

2001
VISA EMV Acquiring

2003
JCB Acquiring, VISA EMV Issuing, Merchant mobile payments, Hydro-Texaco Texaco Client Card system for Baltics

2004
MC EMV Acquiring, P2P mobile payments, Start of certification of ECR sertifitseerimist

2005
ECCF messages converted to IPM

2007
Dual-site, PCI compliance, 3D Secure, MC EMV Issuing, AmEx Globe

Pankade Kaardikeskus`s owners were the three biggest Estonian banks - Swedbank, SEB and Sampo Pank - until 2008, when Kaardikeskus was wholly acquired by the leading Nordic Processor Company NETS

From December 2009 Pankade Kaardikeskus has an area manager in Latvia.