The partnership will also provide BlueSnap with access to First Data’s distribution partners, including some of the world’s largest banks, with First Data serving as BlueSnap’s primary provider for all acquiring, processing, and settlement of payment card transaction and related services.

“We are thrilled to bring BlueSnap into our ecosystem of highly secured, diversified global payments solutions,” said Frank Bisignano, Chairman and CEO of First Data. “BlueSnap’s platform and services are uniquely suited for medium-sized businesses and combined with access to First Data’s global payment platform and our significant distribution channels, we are confident that BlueSnap will further enhance how businesses accept payments.”

As part of the agreement, First Data and BlueSnap will work together to introduce BlueSnap’s ecommerce services to First Data’s bank and distribution partners, providing its clients with the innovative tools that are necessary to match the expectations of an evolving global economy.

“As the number of payment methods, integrations, and check-out flows endlessly expand, providing a single platform to consolidate them brings value to business owners looking to analyze their data to make business decisions,” said Ralph Dangelmaier, CEO, BlueSnap. “First Data is the optimal partner because only First Data allows merchants to seamlessly integrate with BlueSnap and with one integration, instantly be connected to dozens of local banks.”