12 December 2017
visit www.solutions.lexisnexis.com

First Data to buy Brazil's Check Forte

26 July 2007  |  6503 views  |  0 First Data

US e-payments processor First Data has signed an agreement to acquire Check Forte Processamento de Dados, a provider of payment transaction processing services based in Brazil. Financial terms of the deal were not disclosed.

Founded in 1997 Check Forte provides data capture, switching, pos terminal management and network processing services to banks for bill payment transactions initiated at off-premises merchant locations. It also provides cheque verification services directly to merchants.

Peter Harrington, president, Latin America and Canada, First Data International, says the acquisition "is a continuation of our strategy to grow our business in Brazil".

"Forte will allow us to further expand our existing presence in Brazil and provide a robust product and service offering to our clients in the country," he says. "We remain committed to leveraging the tremendous growth opportunities in Brazil's electronic payments industry."

The acquisition is subject to approval by the relevant authorities and is expected to close in the third quarter.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

First Data names Michael Capellas new CEO

First Data names Michael Capellas new CEO

10 July 2007  |  5817 views  |  0 comments
First Data inks Samba card processing deal

First Data inks Samba card processing deal

23 May 2007  |  4368 views  |  0 comments
First Data makes strategic investment in NFC outfit Vivotech

First Data makes strategic investment in NFC outfit Vivotech

03 May 2007  |  7646 views  |  0 comments
First Data to acquire FundsXpress

First Data to acquire FundsXpress

17 April 2007  |  6188 views  |  0 comments
KKR to acquire First Data for $29 billion

KKR to acquire First Data for $29 billion

02 April 2007  |  11484 views  |  0 comments
First Data to buy Polish card processor Polcard

First Data to buy Polish card processor Polcard

30 March 2007  |  8056 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11771 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8609 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7055 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6773 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6610 views comments | 17 tweets | 35 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job