LAHORE The Faysal Bank has signed a five-year outsourcing services contract with HP Enterprise Services. The Bank was looking to expand its business and had acquired Royal Bank of Scotlands (RBS) credit card division in January 2011 as part of its growth strategy. As a result, the bank needed a service provider to power and manage its core credit card issuance system. Faysal also required support to migrate RBS systems to its own. Competition in Pakistans credit card industry is growing, customer expectations are increasing, and regulatory requirements are more stringent, said Aarij Ali, head of retail banking, Faysal Bank. Only HP has the expertise to help us complete the migration with minimal risk and cost, while ensuring continuity of service and enhancing customer relationship management. From its data center in Taipei, Taiwan, HP will provide Application Management Services and Data Center Services to manage all credit card services.