Atos, the payment transaction service will collaborate with KBC to deliver electronics payment transactions for the bank insurance group and its clients until 2016.

The contract will see Atos provide processing of payment relating to transactions between cardholders and merchants.

Bart Guns, KBC Group Payments senior general manager, said: "With this contract, KBC is opting for the continuation of the services by a very robust and reliable supplier of transaction services and a partner who is constantly striving for innovation."