First Data Enhances Commercial Cards Capability with Acquisition of Deecal International
DUBLIN, Ireland, Oct 15, 2007 (www.AllPayNews.com) -- First Data Corp., a global leader in electronic commerce and payment services, today announced the acquisition of Deecal International, a specialist software solutions provider for commercial payments.
The acquisition positions First Data strongly in the expanding commercial payments market. It enhances the company's global commercial payments offering, providing a state-of-the-art management information capability that First Data will make available to banking, corporate and public sector clients around the world.
Founded in 1991, Deecal International is a privately owned company headquartered in Dublin, Ireland. The company offers a complete commercial card e-payment solution that can be fully integrated into existing procurement, payment and accounting infrastructure and workflows. The solution supports the full range of commercial cards, business, purchasing and corporate travel and entertainment cards and meets the needs of both domestic and multinational organisations. It is offered using a hosted ASP service model that ensures rapid implementation and minimises start-up costs.
Deecal has a client base of more than 200 banks, corporations and government agencies across Europe and in the United States. The company maintains direct connections with banks, payment card associations and travel agents to provide daily reporting.
David Yates, president, First Data International, said: "Commercial cards are an increasingly important component of card portfolios for financial and corporate organisations. This acquisition positions First Data strongly to support our banking clients in Europe, the United States and other major markets, providing high-quality online management information in support of their national and multinational corporate customers. Through the acquisition, we welcome 32 new employees with highly valued skills and expertise into First Data."
Des Cahill, managing director of Deecal International added: "As part of First Data, we now have access to a global market and the backing of an established and highly successful global electronic payments company. Our clients, whether domestic or multinational, will benefit from First Data's support for the Deecal platform, and our employees will enjoy the expanded career development opportunities that this acquisition represents."
About First Data
First Data Corp. is a leading provider of electronic commerce and payment solutions for businesses worldwide. With operations in 38 countries, First Data serves over 5 million merchant locations, 1,900 card issuers and their customers. It powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; receivables management solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.
SOURCE: First Data