First Data Corp. (NYSE: FDC), a global leader in
electronic commerce and payment services, and Banco Popular North
America (BPNA), 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 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 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 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 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: BPOP). For more information about Banco Popular North America, visit the company's Web site at www.bancopopular.com.
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First Data will provide merchant payment processing services on behalf of BPNA. The alliance will allow BPNA to offer industry-leading merchant services 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 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 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 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: BPOP). For more information about Banco Popular North America, visit the company's Web site at www.bancopopular.com.
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© 2006 Business Wire
