Certegy wins Caribbean bank card contract

Certegy wins Caribbean bank card contract

Banco Dominicano del Progresso has chosen Georgia-based Certegy to handle transaction processing for 146,000 Visa, MasterCard and private label accounts.

The deal also includes managing merchant transaction processing for the Domincan Republican bank's American Express portfolio. Both the card and merchant processing will be managed at Certegy's St. Petersburg, Florida processing center. Banco del Progreso will continue to perform customer service and production functions.

Banco del Progreso, a $725 million financial institution, has approximately 200,000 card accounts and provides merchant card processing services to over 8000 retailers in the Dominican Republic.

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