CURACAO, Netherlands Antilles, May 26 /PRNewswire-FirstCall/ -- First Data
Corp. (NYSE: FDC), a leading, global electronic commerce and payment services
company, today announced it has signed a five-year processing agreement with
Maduro & Curiel's Bank N.V. (MCB), the largest commercial bank in the Dutch
Caribbean.
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 American and Caribbean regions, and will service
MCB's credit and private label card needs.
"We chose First Data based on its long history as a leading payment
processor, and its continued dedication and commitment to the Caribbean
region," said Ronald Gomes-Casseres, managing director, Maduro & Curiel's Bank
N.V. "As the most well respected and longest established bank in the Dutch
Caribbean, it is critical that we continue to provide our customers with a
wide range of innovative and cost effective payment solutions."
"We are pleased to work with the largest issuer of credit cards in the
Dutch Caribbean," said Pam Patsley, president, First Data International.
"This agreement reflects the strength of First Data in delivering the most
advanced payment processing solutions that enable market leaders like MCB to
retain its competitive edge."
First Data has worked with MCB for more than 15 years providing complete
merchant processing services including authorizations, settlement, interchange
management, association compliance, chargeback processing and funding services
for approximately 3,000 merchants from the bank's portfolio. In addition,
First Data develops and deploys a variety of front-end and merchant point of
sale product solutions for transaction submission and management.
"This agreement is a valuable partnership that allows us to help MCB
expand its service offering to meet the unique needs of its clients in the
Caribbean," said Peter Harrington, president, First Data International, Latin
America and Canada.
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 plans to aggressively expand its presence in this marketplace.
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 more than 70 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 more than 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 Maduro & Curiel's
Maduro & Curiel's Bank, NV is a privately held bank established in 1916 as
the first commercial bank in the Dutch Caribbean. It continues to be the
preeminent financial institution in the Netherlands Antilles and Aruba. It
together with the Windward Islands Bank in Sint Maarten, Caribbean Mercantile
Bank in Aruba and the Maduro & Curiel's Bank - Bonaire comprise the
Maduro & Curiel's Bank Group. Since 1970, the Maduro & Curiel's Bank Group
has been affiliated with the Bank of Nova Scotia, Canada's largest bank
relating to international coverage serving more than 10 million customers
worldwide. Maduro and Curiel's maintains a network of correspondent banks
throughout the world including representation in all of the world's money
centers. Maduro & Curiel's is committed to providing state-of-the-art retail
banking products to all of its clientele, especially in the area of bankcard
services. It issues over 150,000 debit cards and 100,000 credit cards to its
customers making it by far the largest bankcard issuer in the Dutch Caribbean.
For more information, please visit the bank's Web site at http://www.mcb-bank.com.
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Julie Holan of First Data, +1-407-551-3509,
julie.holan@firstdata.com
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