16 January 2018
visit http://response.ncr.com

Pago signs First Data as Maestro transactions processor

13 July 2006  |  3228 views  |  0 Source: First Data International

First Data International and Pago eTransaction Services GmbH today announced an agreement under which First Data will process Maestro transactions for Pago's merchants across Europe.

The new agreement will enable Pago merchants to accept UK and international Maestro transactions by supporting authorisations and clearing Maestro transactions to Mastercard. First Data, a leader in electronic commerce and payment services around the world, will authorise transactions and process through the company's international acquiring platform.

Pago is a joint venture of Deutsche Bank and Beisheim Holding Schweiz and provides international acquiring and payment services for e-commerce businesses, shops and mail order companies. The agreement with First Data will further extend the range of payment methods Pago can support and will strengthen the company's position in the international payments market.

"For Pago, offering Maestro acceptance to online merchants throughout Europe is of outstanding importance to our overall strategy of supplying all major payment methods in all European countries", said Dr. Markus Weber, managing director of Pago. "We are very proud to co-operate with First Data and believe that this agreement will secure our high quality standards".

David Yates, president, Europe, Middle East and Africa, First Data Internationa l, said: "We are pleased to be able to support the Maestro business of Pago eTransaction Services through this development. Maestro is becoming an increasingly important payment type throughout Europe and this service enhancement will support Pago's continued strong growth across the region."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.thomsonreuters.infovisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11181 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9875 views comments | 14 tweets | 32 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
8999 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
8704 views comments | 17 tweets | 13 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
8586 views comments | 30 tweets | 34 linkedin

Featured job

Find your next job