SHANGHAI, China, Sept. 8 /PRNewswire-FirstCall/ -- First Data Corp.
(NYSE: FDC), a global leader in electronic payment technologies and services,
today announced it has signed a product development agreement with JCB, an
international credit card brand and the largest card issuer and acquirer in
Japan.
Under the terms of this agreement, First Data will enhance its VisionPLUS
card processing system to support JCB issuance and acquiring. In addition,
First Data will support JCB in its efforts to enable First Data's worldwide
client base to issue and acquire JCB cards. VisionPLUS software, used by some
of the largest banks and retail card issuers in the world, is a comprehensive
card solution that offers new account processing, merchant administration,
cardholder billing and management, collections, risk management, promotions
and co-branding capabilities.
Pam Patsley, president, First Data International said, "This partnership
between First Data and JCB demonstrates First Data's commitment to support its
business partners globally and continue to enrich its payment processing
solutions worldwide".
JCB is pursuing even greater global expansion from a solid foundation as a
major international card brand. Currently JCB has 49.6 million card members.
JCB cards are accepted at 11.42 million associated merchants and supported by
close ties with more than 320 financial institutions worldwide.
Kunio Yoshizawa, president and COO, JCB International said: "JCB chose
First Data because of the strength of its customized solutions in electronic
payments, credit and debit cards. First Data's high-quality, customer-focused
products and services were key factors in our decision to build this
relationship."
For more information, please contact:
Uhi Hui, PR People Consultancy, on + 852 2593 1118, uhi.hui@pr-people.com
Cara Taylor, First Data, on 303 967 6367, cara.taylor@firstdatacorp.com
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,
private-label, smart and stored value card issuing and merchant transaction
processing services; Internet commerce solutions; money transfer and cheque
processing services globally. Its Western Union and Orlandi Valuta money
transfer networks include approximately 200,000 agent locations in more than
195 countries and territories. With more than 30,000 employees worldwide,
First Data has offices throughout Europe, Asia Pacific, Latin America and
North America
About JCB
JCB is an international credit card brand and the largest card issuer and
acquirer in Japan. JCB launched its card business in Japan in 1961 and began
expanding overseas in 1981. Its merchant network includes 11.71 million
merchants and spans 189 countries and territories. JCB cards are now issued in
18 countries and territories, with 51.6 million cardmembers. As part of its
international growth strategy, JCB has formed alliances with more than
320 leading banks and financial institutions globally to increase merchant
coverage and cardmember base. JCB's corporate philosophy of "Service from the
heart," a commitment to responsive and high-quality service, continues to
guide it as it creates the future together with its customers, merchants and
partners. For further information, please visit the JCB Co. Ltd. home page
at: http://www.jcb-global.com/english or http://www.jcbinternational.com.
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Uhi Hui, PR People Consultancy, + 852 2593
1118, uhi.hui@pr-people.com; or Cara Taylor of First Data Corp.,
+1-303-967-6367, cara.taylor@firstdatacorp.com
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