Barclays and First Data, an electronic commerce and payment services provider today announced a long-term strategic global agreement under which Barclays will migrate a variety of card portfolios to First Data's issuing and consumer finance platform.
This new contract builds on an existing relationship through which Barclaycard's partnership card programmes have been deployed over the last two years. With end to end processing and surround solutions, (such as customer contact centre and fraud and risk services), provided by First Data, these programmes have seen continued success
David Skillen, chief operating officer of Barclays Global Retail Bank (GRB) commented, "We have selected First Data's issuing platform because of its breadth of capability and proven benefits. Its scale and flexibility will help us to create more standardised and seamless delivery for our portfolios, across multiple geographies and lines of business".
Nadeem Shaikh, head of the financial institutions line of business at First Data said, "We are very pleased to be expanding our successful relationship with the Barclays group through this new agreement. We are confident that First Data's issuing solution and expertise will assist Barclays in creating a more standardised and efficient process to support the growth and continuing enhancement of their world-class consumer finance products."