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First Data and Maduro & Curiels Bank N.V. Sign Payment Processing Agreement

Wednesday 26 May 2004 19:00 CET | News

First Data has signed a five-year processing agreement with Maduro & Curiels Bank N.V. (MCB), the largest commercial bank in the Dutch Caribbean. Processing Center, S.A. (PROCESA), a company recently formed by First Data and Banco General S.A., offers world-class payment processing solutions, customized for the Latin American and Caribbean regions, and will service MCBs credit and private label card needs. First Data has worked with MCB for more than 15 years providing complete merchant processing services including authorizations, settlement, interchange management, association compliance, chargeback processing and funding services for approximately 3,000 merchants from the banks portfolio. In addition, First Data develops and deploys a variety of front-end and merchant point of sale product solutions for transaction submission and management. PROCESAs operations center is located in Panama City, Panama. It uses First Datas VisionPLUS transaction processing platform to provide a wide range of payment services for credit, prepaid, gift and corporate cards. PROCESA plans to aggressively expand its presence in this marketplace.

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Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce