PANAMA CITY, Panama--(BUSINESS WIRE)--March 13, 2006--First Data International, part of First Data Corp. (NYSE:FDC), a global leader in electronic commerce and payment services, today announced another milestone in growing its presence across Latin America with the recent signing of three new payment processing agreements with Bank of Bahamas, Fidelity Bank and the New England Bankcard Association.
Processing Center, S.A. (PROCESA), a First Data company offering payment processing solutions customized for its clients in Latin America and the Caribbean, will provide card issuing processing services to these financial institutions.
Bank of Bahamas will use PROCESA's services for its credit card and prepaid portfolios. The credit card portfolios of Fidelity Bank, located in the Cayman Islands, will convert to the PROCESA platform for account processing. In addition, PROCESA will support a prepaid product for the New England Bankcard Association's client Butterfield Bank (Barbados) Ltd.
"We are pleased to join with PROCESA to provide leading-edge prepaid card products for our newest client in Barbados and the Butterfield Bank family," said Ted Keith, president, New England Bankcard Association (NEBA). "We are looking forward to continuing to expand our service offering to financial institutions across the Caribbean."
"These agreements signal the great success of PROCESA since its inception just over two years ago, and we are grateful for the opportunity to work with these leading financial institutions in this region," said Pam Patsley, president, First Data International. "These companies selected First Data based on their confidence in our ability to provide flexible and competitive services that allow them to grow and expand their businesses."
"PROCESA is a true success story for First Data's international strategy," said Peter Harrington, president, Latin America and Canada. "We provide market-tailored solutions and a regionally experienced staff to bring our clients an unmatched product and service offering in the region."
Across Latin America, First Data provides a variety of card issuing and merchant acquiring processing services, Western Union(R) money transfer and related payment services. PROCESA, located in Panama City, Panama, uses First Data's VisionPLUS(R) platform to offer flexible and diverse payment processing services for credit, prepaid, gift and corporate cards. Together with its global network, First Data has the ability to service clients in this region from offices in Brazil, Costa Rica, Mexico, Panama, Puerto Rico and Florida.
About Bank of Bahamas
The Bank was incorporated in The Commonwealth of The Bahamas on April 17, 1970, as Bank of Montreal (Bahamas & Caribbean) Limited. The trading name Bank of The Bahamas International was introduced in 2002. The Bank provides retail and commercial services. Its full range of products includes deposit accounts, credit, commercial and residential mortgages, foreign exchange, American Express, money transfers, trust and fiduciary services. Bank of The Bahamas International operates from 11 locations throughout The Bahamas including New Providence Grand Bahama, Andros, Inagua and San Salvador.
Headquartered in The Bahamas, Fidelity is a financial services group offering a comprehensive range of both domestic and international banking, insurance and other financial products and services. A knowledgeable and experienced management team utilizes a local and global perspective for a well-rounded, objective and cosmopolitan business approach. With origins in The Bahamas since 1978 and in the Cayman Islands and the Turks and Caicos Islands since 1980, Fidelity is an active, supportive and well respected participant in the communities it serves.
About New England Bankcard Association
New England Bankcard Association (NEBA) was founded in 1969 as a credit card and merchant acquiring data processing company for financial institutions throughout New England. NEBA was one of the original regional MasterCharge associations that later formed MasterCard International. Today, NEBA provides services to financial institutions throughout the United States, Bermuda, Barbados and the Cayman Islands. Members can choose to offer a full range of payment system products and services, including credit cards, private label credit cards, ATM and debit cards, ATM processing and merchant acceptance services. For more information, please visit www.neba.com.
About Butterfield Bank (Barbados) Limited
Butterfield Bank (Barbados) Limited is a subsidiary of The Bank of N.T. Butterfield and Son Limited. The Bank of N.T. Butterfield was established in Bermuda in 1858 and has offices in Barbados, Bahamas, Cayman Islands, Guernsey and the United Kingdom. The Butterfield Group reported net income for the full year ended December 31, 2005, of $109.4 million, a record for the Group and up 20.9% year on year.
The Group is present in Barbados as Butterfield Bank (Barbados) Limited which is a full-service commercial bank and as an international business corporation, Butterfield Asset Management (Barbados) Limited catering to the investment needs of the offshore sector.
About First Data International
First Data International, part of First Data Corp. (NYSE:FDC), is a leading provider of electronic commerce and payment solutions for financial institutions and merchants around the world. First Data International serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. It has more than 5,800 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia, Asia-pacific.
First Data serves 4.6 million merchant locations, 1,500 card issuers and millions of consumers. First Data 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 credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; money transfer services; money orders; fraud protection and authentication solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with Orlandi Valuta and Vigo, make up one of the world's largest money transfer networks with more than 271,000 Agent locations in more than 200 countries and territories. For more information, visit www.firstdata.com.
First Data International
Julie Holan, +1-321-263-3838