Mexico's Leading Bank to Offer Orlandi Valuta Money Transfer(R) Services
CERRITOS, Calif., May 3 /PRNewswire/ -- Orlandi Valuta, a subsidiary of
First Data Corp. (NYSE: FDC), Banco Nacional de Mexico, S.A. (Banamex) and
California Commerce Bank (CCB) today announced that they have entered into an
agreement that will facilitate consumer money transfers to and from Mexico.
Banamex and CCB, both subsidiaries of Grupo Financiero Banamex-Accival
(Banacci), will become a principal agent in Mexico for Orlandi Valuta consumer
money transfers. As Mexico's leading bank, Banamex will offer Orlandi Valuta
money transfer services at its approximately 1,700 bank branch and sub-agent
locations within the next few days, strengthening the Orlandi Valuta agent
network in Mexico, which currently includes more than 900 locations throughout
Mexico. With Banamex, Orlandi Valuta will now offer customers the added
convenience of receiving their money transfers in the form of a cash pay-out,
improving upon the company's current check-based disbursement.
"We are very pleased to establish this alliance with Orlandi Valuta," said
Manuel Medina Mora, chief executive officer for Banacci. "The new services
offered under our agreement will provide even greater value to consumers
sending money to and receiving money in Mexico. The simplified process backed
by Banamex's ability to pay cash throughout Mexico will ensure a safe,
reliable and convenient way for consumers to send their hard earned money
home."
"The simplicity and confidence offered to consumers as a result of our
agreement between Banamex and Orlandi Valuta greatly improves the ability for
Orlandi Valuta customers to send their money home quickly and safely," said
Charles T. Fote, president and chief operating officer for First Data Corp.
"Orlandi Valuta has been a leader in providing a simple and secure money
transfer service to Mexico, this agreement with Banamex extends that
leadership position to the benefit of our customers."
About Banacci
Grupo Financiero Banamex-Accival is Mexico's leading financial group.
Following a universal banking strategy, the Group offers a variety of
financial services to companies and individuals, which include commercial and
investment banking, insurance, and fund management. Banamex, founded in 1884,
is Mexico's leading commercial bank in terms of equity. The Bank has an
extensive distribution network of more than 1,300 branches and 3,000 ATM's
located throughout the country.
About California Commerce Bank
California Commerce Bank provides full banking services for companies and
individuals that do business in Mexico and the United States. As part of
Grupo Financiero Banamex-Accival, CCB is the U.S. banking arm of Banco
Nacional de Mexico (Banamex), Mexico's leading bank. As such, CCB is the
gateway to and from Mexican financial markets. With over $2.1 billion in
assets and advanced international information technology systems, CCB is a
valued resource for customers with interests, which cross national boundaries.
For more information, visit California Commerce Bank at http://www.ccbusa.com.
About Orlandi Valuta
Orlandi Valuta, a subsidiary of First Data Corp. (NYSE: FDC) provides same
day and next day electronic money transfer service from the United States to
locations in El Salvador, Honduras, Guatemala and all 32 states in Mexico. In
operation since 1986, Orlandi Valuta has established a safe and reliable agent
network with more than 4,500 locations.
About First Data Corp.
Atlanta-based First Data Corp. (NYSE: FDC) powers the global economy.
Serving nearly 2.5 million merchant locations, more than 1,400 card issuers
and millions of consumers, First Data makes it easier, faster and more secure
for people and businesses to buy goods and services, using virtually any form
of payment: credit, debit, stored-value card or check at the point-of-sale,
over the Internet or by money transfer. For more information, please visit
the company's Web site at http://www.firstdata.com.
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
Company News On-Call:
http://www.prnewswire.com/comp/138116.html or fax,
800-758-5804, ext. 138116
CONTACT:
Media, Wendy Carver-Herbert of Western Union
Financial Services, Inc., 303-967-6416,
wendy.carver@firstdatacorp.com, or Investors, Barbara Marxer of
First Data Corp., 770-857-7118, barbara.marxer@firstdatacorp.com;
or Grupo Financiero Banamex-Accival, Investor Relations Unit,
52-5-225-4095, investor@banamex.com
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