SANTO DOMINGO, Dominican Republic, April 23 /PRNewswire-FirstCall/ --
First Data Corp. (NYSE: FDC), a global leader in electronic commerce and
payment services, today announced it has signed a processing agreement with
Banco Vimenca S.A. in the Dominican Republic.
Processing Center, S.A. (PROCESA), a company recently formed by First Data
and Banco General S.A., offers world-class payment processing solutions,
customized for the Latin America and Caribbean regions, and will service Banco
Vimenca's electronic payments, credit and debit cards needs.
"PROCESA's processing solution offers us the flexibility we need to
continue to support the demands of our many different clients, while providing
the capabilities necessary for our continued growth," said Victor Virgilio
Mendez, business vice president of Banco Vimenca.
"We are pleased to work with such an innovative financial institution in
the Caribbean," said Pam Patsley, president First Data International. "Banco
Vimenca is an important strategic partner for First Data and we believe
PROCESA, with its solutions targeted to this market, will add real value to
Banco Vimenca's client relationships."
"This new partnership reinforces our position as a leading processor in
Latin America and the Caribbean," said Peter Harrington, president, First Data
International, Latin America and Canada. "We look forward to continuing to
expand our presence in this important market."
PROCESA's operations center is located in Panama City, Panama. It uses
First Data's VisionPLUS(R) transaction processing platform to provide a wide
range of payment services for credit, prepaid, gift and corporate cards.
PROCESA, with 18 existing clients, plans to aggressively expand its presence
in this marketplace.
First Data also partners with Vimenca, parent company of Banco Vimenca,
through the First Data subsidiary, Western Union Financial Services, Inc.
Vimenca is one of the largest Western Union agents in the Caribbean.
About First Data
First Data Corp. (NYSE: FDC), with corporate headquarters in Denver,
Colorado (USA), helps power the global economy. As a worldwide leader in
electronic commerce and payment services, First Data provides credit, debit,
smart card and stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; and check processing and verification
services to financial institutions in over 40 countries on 6 continents.
First Data's commitment to the international marketplace has led the company
to become Europe's largest independent credit and debit card processor and the
largest independent processor of Electronic Funds Transfer (EFT) services in
Australia. First Data provides VisionPLUS transaction processing software
services to customers around the world including over 30 financial
institutions in Latin America. Its Western Union and Orlandi Valuta money
transfer networks include approximately 188,000 agent locations in more than
195 countries and territories. With 30,000 employees worldwide, First Data
has offices throughout Europe, Asia Pacific, Africa, Latin America and North
America. For more information, please visit the company's Web site at
http://www.firstdata.com.
About Banco Vimenca
Banco Vimenca was established in 2002. It provides individuals, small
businesses and commercial, corporate and institutional clients in Santo
Domingo, new and better ways to manage their financial lives. The number of
clients is constantly growing. The bank has established correspondent
relations with such authoritative financial institutions, as Bank of America
and Wachovia Bank. Banco Vimenca is a member of the international
telecommunications association Society for Worldwide Interbank Financial
Telecommunication (SWIFT) and a member of VISA International, as well.
Consistent efforts are made so that the level of service any client
receives meets the highest standards. The bank's tariffs are highly
competitive on a nationwide level and are attractive for clients. The clients
are serviced by personal officers who are responsive to customers' needs and
specific requirements. For more information, you will soon have access to our
currently under construction web site: http://www.bancovimenca.com
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Julie Holan of First Data Corp.,
+1-407-551-3509, julie.holan@firstdatacorp.com
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