FirstCaribbean International Bank has renewed a merchant processing services contract with First Data for an additional five years.
The agreement builds on First Data's relationship with Canadian Imperial Bank of Commerce (CIBC) and Barclays Bank, parent companies of FirstCaribbean International Bank. First Data has provided similar merchant processing services for CIBC and Barclays for nearly 20 years.
First Data entered Latin America in 1988 and now serves 40 clients in the region from offices in Mexico City, Mexico; San Jose, Costa Rica and Sao Paulo, Brazil.