First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced that it has been appointed by SABIS, the IT arm of Spain’s fifth largest banking group, Sabadell, to provide processing and acquiring services across a number of TSB banking portfolios.
As part of the deal First Data will migrate TSB’s credit and debit card portfolio onto First Data’s innovative FirstVision platform. Additionally, First Data will power TSB’s digital payments and provide merchant acquiring services for money and balance transfers.
The FirstVision platform incorporates an extensive range of products and services to fully support the management and processing of credit cards, as well as debit, commercial, prepaid, loyalty management, loan, and card acquiring.
“We selected First Data for the company’s enterprise capabilities, global footprint, and proven international migration experience,” said Angel Alonso, Managing Director of SabisUK. “This strategic partnership will allow us to focus on configuring and launching new products and services for TSB as we grow our presence in the U.K. market.”
“Sabadell is a leading banking group with an impressive portfolio of banking brands and a significant opportunity for international growth,” added Michael Neborak, EVP, head of the EMEA region, First Data. “Our unrivaled infrastructure and enterprise capabilities make us the perfect partner to support the bank’s IT arm as Sabadell grows in its core markets.”