First Data International, a global leader in electronic commerce and payment services, today announced it has signed a payment processing agreement with Tarjetas Cuscatlan S.A. de Guatemala, a member of UBC International Corporation S.A., one of the largest financial services groups in Central America.
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 Tarjetas Cuscatlan S.A. de Guatemala to support the launch of several new card products. This agreement builds on PROCESA's already established relationship with UBC International providing full service support to its Panama affiliate, Banco Cuscatlan de Panama.
"We are excited to expand our relationship with First Data," said Jose Eduardo Luna, Regional Director of Electronic Payments, Banco Cuscatlan. "First Data has long demonstrated a clear understanding of the local market needs, and has continued to strengthen its presence in the region and offer a level of service and convenience that is unparalleled."
"First Data is pleased to have the opportunity to work with an additional member of the UBC International family," said Peter Harrington, President, Latin America, First Data International. "We value their confidence in us, and are dedicated to continuing to deliver a wide range of market-tailored payment processing services that help financial leaders like Tarjetas Cuscatlan de Guatemala remain competitive."
Across Latin America, First Data provides a variety of card issuing processing services, merchant acquiring processing services and related payment services. PROCESA, located in Panama City, Panama, offers payment processing support 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 Banco Cuscatlan and UBC International Corporation S.A.
With more than 30 years of history and a long-term growth strategy, Banco Cuscatlan and UBC International have banking operations across the region, including El Salvador, Guatemala, Panama, Costa Rica, Honduras, Montserrat, the Bahamas, and in the United States as a commissioned broker/dealer by the Securities Exchange Commission and the basis for its money transfer business across the region.
With more than 4,500 employees across Central America and more than 190 distribution points, along with automated teller machines and Internet banking, the bank's wide-reaching presence in the region gives its customers more choices and better services. All of this, managed with a technological platform that allows the bank to be flexible and adapt to rapid changes in the markets it serves.
Its brand recognition and positioning, its long-term strategy and vision, its financial results and its customer preference, sustained by the philosophy for being local and regional at the same time, have made UBC Corporation International S.A. and its banks a very prestigious organization among the International Financial Institutions around the world.
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. The company has more than 6,700 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific.
First Data serves 4.6 million merchant locations, 1,700 card issuers and their customers. 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 merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile solutions. For more information, visit www.firstdata.com.
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