News

First Data International to Acquire Check Forte in Brazil

Friday 27 July 2007 07:05 CET | News

First Data and Check Forte Processamento de Dados Ltda., a payment transaction processing company, have signed an agreement for the acquisition of Check Forte by First Data. The acquisition is subject to approval by the relevant authorities and is expected to close in the third quarter of this year.

Founded in 1997, Check Forte provides data capture, switching and POS terminal management as well as network processing services to banks for bill payment transactions initiated at off-premises merchant locations. It also provides check verification services directly to merchants. Since 2002, First Datas office in Sao Paulo, Brazil has provided local support to banks, retailers and financial institutions using the VisionPLUS transaction processing solution. In addition to Brazil, First Data has an extensive reach across the region with offices in Argentina, Costa Rica, Mexico, Miami, Panama, Puerto Rico and Uruguay.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords:
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events