AIB and First Data launch merchant services JV
24 January 2008 | 2933 views | 0
Allied Irish Banks p.l.c. (AIB), with a market leadership position in financial services and card acquiring in the Republic of Ireland, and First Data Corp. (First Data), a global leader in electronic commerce and payment services, following the information provided in November, and receipt of competition approval from the EU Commission, today announced the launch of AIB Merchant Services.
The new joint venture, based in Dublin, will provide card acquiring services in the Republic of Ireland, the United Kingdom and elsewhere in Europe and will deliver additional products and services and enhanced functionality to AIB's 30,000 merchant customers. It will also provide a compelling service offering for new merchants, enabling further expansion of the bank's credit and debit card acquiring business.
AIB Merchant Services further expands First Data's presence in the Irish electronic payments market. Commenting on the launch of the new joint venture company, Nadeem Shaikh, President, First Data, Western Europe, the Middle East and Africa said "This is a great opportunity for AIB's existing as well as prospective merchants to have access to the combined strengths of AIB and First Data."