Source: Frist Data
First Data International, part of First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, announced today it has signed a three-year merchant processing agreement with Lenovo, an innovative, international technology company and the world's third-largest PC vendor. First Data will offer its payment processing solutions, from virtually anywhere in the world, to the company's worldwide Internet consumer and business clients.
Under the terms of the agreement, First Data will handle all e-commerce payment processing for Lenovo. All transactions and authorizations will route through First Data's global merchant processing platform. ABN AMRO, as First Data's primary banking partner for its global acquiring capability, will serve as the major acquiring bank, and will provide Lenovo its full suite of transaction banking solutions, including payments, treasury and investment management and trade services.
"This agreement is evidence of our strong commitment to meet our clients' needs by offering worldwide electronic payment solutions," said Pam Patsley, President, First Data International. "We are pleased to partner with Lenovo, and to further enable them to meet the growing demands for their products and services from customers around the world."
"ABN AMRO's global banking network and expertise really complement FDI's processing power, making this a formidable partnership. We are delighted that Lenovo has chosen to leverage this partnership for their e-commerce payments, and we look forward to providing them excellent service," said Ann Cairns, CEO, Transaction Banking, ABN AMRO.
Lenovo fully migrated to First Data's platform in March, and the service is already available to Lenovo's customers.