Business Process Outsourcing Agreement

We have advised on the restructuring and renewal of the Item Imaging (Cheque Processing) outsourcing agreement, acting for Bank of New Zealand (BNZ). In 1997 Bell Gully acted as lead legal advisor on a contract for BNZ, ASB Bank, National Bank and EDS (New Zealand) for the outsourcing to EDS of all of the cheque processing work of each of those banks. The service was so successful that that contract was later renewed with Westpac also joining in 2006.