First Data inks First Citizens payment processing deal

Source: First Data International

First Data International, a global leader in electronic commerce and payment services, today announced that it has signed a payments processing agreement with First Citizens Bank, located in Trinidad and Tobago, to service the bank's credit card portfolios.

First Data will convert these portfolios to its regional processing company, Processing Center, S.A. (PROCESA), located in Panama.

PROCESA offers financial institutions of all sizes transaction processing solutions tailored for their requirements in Latin America and the Caribbean. It provides flexible and diverse services for credit, prepaid, gift and corporate cards. PROCESA serves 28 clients in eight countries across the region delivering value through its extensive reach and its scope of services.

"We are pleased to welcome First Citizens Bank to the First Data family and look forward to helping them build market share, promote customer satisfaction, and provide greater marketing flexibility through our innovative payment processing solutions," said Peter Harrington, President, Latin America, First Data International. "This agreement is evidence of First Data's global footprint, and our ability to assemble the right solutions that are well suited for financial institutions across Latin America and the Caribbean."

"First Citizens Bank is focused on providing service excellence to our customers and ensuring we continually expand our product offering to meet their needs. With First Data as our partner, we will have the opportunity to give our customers more convenient and cost-effective payment options," said Avril Edwards, Senior Manager of Electronic Banking, First Citizens Bank.

Across Latin America and the Caribbean, First Data provides a variety of card issuing and merchant acquiring processing services and related payment support. Together with its global network, First Data has the ability to service clients in this region from offices in Brazil, Costa Rica, Mexico, Panama, Puerto Rico and Florida.

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