Banco Popular North America Improves Merchant Services with First Data Revenue-Sharing Alliance Agreement.DENVER & ROSEMONT, Ill. -- First Data Corp. (NYSE NYSE See: New York Stock Exchange : FDC FDC - Floppy Disk Controller ), a global leader in electronic commerce and payment services, and Banco Popular North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (BPNA BPNA British Paediatric Neurology Association ), one of the nation's premier community banks and a leading U.S. Small Business Lender, announced today they have signed a new revenue-sharing alliance agreement. First Data will provide merchant payment processing services on behalf of BPNA. The alliance will allow BPNA to offer industry-leading merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or to its business customers through an expanded portfolio of electronic payment products and services, including credit, debit and gift card programs. Currently, BPNA has more than 50,000 small business customers throughout the U.S. The agreement also expands BPNA's merchant support network by adding dedicated First Data sales executives throughout BPNA's markets. "At Banco Popular North America we strive to provide extraordinary client services and exceptional customer support," said Manuel Chinea, senior vice president of marketing and product development. "We are excited to partner with the leading merchant services provider in the industry and to offer our business customers a superior product for their payment processing needs." The agreement will allow BPNA to offer next-day settlement for customers with a Banco Popular business checking account. Other key client benefits include free merchant Internet access See how to access the Internet. to reconcile their business checking accounts, resolve chargebacks, and perform historical and trend analysis. "We are delighted to join with Banco Popular North America in offering their current clients enhanced payment processing flexibility and additional tools to help the bank attract new clients and expand their revenues," said John Shlonsky, president, First Data Merchant Alliance Services. About First Data First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,700 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 In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, gift and other prepaid 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 its affiliates Orlandi Valuta and Vigo, are leaders in global money transfer, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of over 270,000 agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit www.firstdata.com. About Banco Popular North America Banco Popular North America, headquartered in Chicago, Illinois, is one of the leading community banks in the U.S. with 141 branches in six states: California, Florida, Illinois, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Texas. Its core businesses include retail and commercial banking services, mortgage and consumer lending, and investment services. Banco Popular was named one of the "100 Best Companies to Work For" in 2005 by FORTUNE Magazine and ranks among the top 10 Small Business Administration lenders in the country. Banco Popular North America is a subsidiary of Popular, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BPOP BPOP Popular, Inc. (stock symbol) BPOP Boulder Point Of Presence BPOP Business Process Outsourcing Programme ). For more information about Banco Popular North America, visit the company's Web site at www.bancopopular.com. FDC-1 |
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