First Data buys commercial cards outfit Deecal

First Data buys commercial cards outfit Deecal

US e-payments processor First Data has acquired Ireland-based Deecal International, a privately-owned provider of specialist commercial payments software and services. Financial terms of the deal were not disclosed.

Founded in 1991, Dublin-based Deecal International provides a hosted commercial card e-payment package that can be fully integrated into existing procurement, payment and accounting infrastructure and workflows.

The ASP technology supports the full range of commercial cards, business, purchasing and corporate travel and entertainment cards and meets the needs of both domestic and multinational organisations, says First Data.

Deecal has a client base of more than 200 banks, corporations and government agencies across Europe and in the US.

First Data says the acquisition positions it strongly in the expanding commercial payments market.

David Yates, president, First Data International, says: "This acquisition positions First Data strongly to support our banking clients in Europe, the United States and other major markets, providing high quality online management information in support of their national and multinational corporate customers."

"Through the acquisition, we welcome 32 new employees with highly valued skills and expertise into First Data," adds Yates.

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