AIB and payments group Alphyra have formed an alliance to provide electronic payment services to retail outlets in Ireland.
These retail outlets include supermarkets, convenience stores, department stores, corner shops, book stores, gift shops, jewellers, restaurants, hotels and petrol stations.
Under the deal, AIB will process credit card (Visa & MasterCard) and debit card (Laser) transactions originating from Alphyra terminals. Alphyra will provide services - such as pre-paid mobile phone top-up, international calling cards, utility bill payment, electronic gift card and electronic lottery - on AIB's network of terminals.
Alphyra, which was formerly listed in Dublin, is now a private company owned by Benchmark Capital and the senior management team. Last month it announced the acquisition of Irish-based mobile commerce software development firm Itsmobile.
