Barclaycard Signs Major Processing Contract with First Data International.LONDON -- Celebrating a significant business win, First Data International, a leader in electronic commerce and payment services around the world, today announced a strategic, long-term agreement with Barclaycard, the UK-based international cards and lending business. Under the terms of the agreement, First Data International will provide credit card and loans processing for Barclaycard's new partnership programmes in the UK on its market-leading VisionPLUS(R) processing platform, as well as a full range of contact centre services and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to include plastics personalisation, applications processing, payment processing, statements, letters and PIN mailers. Barclaycard intends to migrate existing partnership programmes and other portfolios to the VisionPLUS(R) platform over time. Antony Jenkins, chief executive of Barclaycard, stated: "The combination of First Data's VisionPLUS(R) processing platform and their operational expertise has impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: us and contributed to our decision to award them this contract. This is an important step for Barclaycard as we look to extend our partnership portfolios in the UK." "We are delighted to be awarded this very significant contract, cementing our relationship with Barclaycard," commented Pam Patsley, president of First Data International. "Barclaycard's decision is testimony to the investment that we are making in our global processing capability and VisionPLUS(R) processing platform and to the commitment to operational excellence that drives our business." About First Data International First Data International, part of First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ), 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. The company has more than 6,700 employees and operates across Europe, Middle East and Africa, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Canada, Australia and Asia-Pacific. First Data serves 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 pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. card issuing and merchant
transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time.Transaction processing systems are the backbone of an organization because they update constantly. services; money transfer services; money orders; fraud protection and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. 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. FDC-1 |
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