Source: First Data
First Data, a global leader in electronic transactions and payment services, completed the acquisition of Check Forte Processamento de Dados Ltda., a payment transaction processing company in São Paulo, Brazil.
Founded in 1997, Check Forte provides data capture, switching and POS terminal management and network processing services to banks for bill payment transactions. It also provides check verification services directly to merchants.
"This acquisition will allow First Data to build on its existing strengths and provide an extended portfolio of products and services to the Brazilian marketplace," said Peter Harrington, President, Latin America and Canada, First Data. "First Data is well equipped and positioned to support Check Forte's clients and deliver a compelling service proposition."
"First Data is committed to Brazil and to continuing to strengthen its local presence in the country," said David Yates, President, First Data International. "We have been present in the country since 2002 and the acquisition of Check Forte represents our promise to continue to invest in the region."
First Data's office in São Paulo, Brazil provides local support to financial institutions using its VisionPLUS transaction processing solution. In addition to Brazil, First Data has an extensive reach across the region with offices in Argentina, Costa Rica, Mexico, Miami, Panama, Puerto Rico and Uruguay.