BBVA Bancomer renews First Data processing contract

Source: First Data

First Data International, a global leader in electronic commerce and payment services, today announced that it has extended its payment processing agreement with BBVA Bancomer, a leading financial institution in Latin America.

First Data will continue to support BBVA Bancomer's retail business in Mexico, and continue to provide payment processing services to Finanzia USA, a BBVA subsidiary, supporting its credit card and retail operations in the United States.

"We extended our partnership with First Data because of their ability to provide us value and flexible, quality service," said Ricardo Grebe, Director of Operations, BBVA Bancomer. "In addition, First Data's strong local presence in Mexico combined with deep industry expertise and understanding of the Mexican payments market is unmatched."

"We are pleased BBVA Bancomer renewed its agreement with First Data," said Peter Harrington, President, Latin America and Canada, First Data International. "We have a long history with the bank having provided electronic payments processing services to them since 1994. We are committed to leveraging our expertise in the Mexican marketplace to help BBVA Bancomer further enhance its product and service offering to its customers."

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

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