First Data inks Tarjetas Cuscatlan processing deal
20 October 2006 | 2347 views | 0
Source: First Data International
First Data International, a global leader in electronic commerce and payment services, today announced it has signed a payment processing agreement with Tarjetas Cuscatlan S.A. de Guatemala, a member of UBC International Corporation S.A., one of the largest financial services groups in Central America.
Processing Center, S.A. (PROCESA), a First Data company offering payment processing solutions customized for its clients in Latin America and the Caribbean, will provide card issuing processing services to Tarjetas Cuscatlan S.A. de Guatemala to support the launch of several new card products. This agreement builds on PROCESA's already established relationship with UBC International providing full service support to its Panama affiliate, Banco Cuscatlan de Panama.
"We are excited to expand our relationship with First Data," said Jose Eduardo Luna, Regional Director of Electronic Payments, Banco Cuscatlan. "First Data has long demonstrated a clear understanding of the local market needs, and has continued to strengthen its presence in the region and offer a level of service and convenience that is unparalleled."
"First Data is pleased to have the opportunity to work with an additional member of the UBC International family," said Peter Harrington, President, Latin America, First Data International. "We value their confidence in us, and are dedicated to continuing to deliver a wide range of market-tailored payment processing services that help financial leaders like Tarjetas Cuscatlan de Guatemala remain competitive."
Across Latin America, First Data provides a variety of card issuing processing services, merchant acquiring processing services and related payment services. PROCESA, located in Panama City, Panama, offers payment processing support for credit, prepaid, gift and corporate cards. 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.