Global merchants can now benefit from a one-stop solution for card transactions in international markets and major currencies, thanks to a five-year merchant acquiring and processing relationship between ABN AMRO and First Data Corp. (NYSE: FDC).
Under the agreement, First Data will deliver global payment processing services to worldwide merchants, and ABN AMRO will provide merchants access via its global transaction banking network to card and payment systems and banking services throughout Europe, Asia Pacific and Latin America. It is anticipated that the service will be rolled out from the second quarter of 2006 and fully implemented by 2007.
The agreement leverages ABN AMRO’s global presence, scale and payments expertise and First Data’s processing capabilities, scale and flexible processing platform, for the benefit of a mutual client base. Merchants will also have access to ABN AMRO’s full suite of transaction banking solutions, including payments, treasury and investment management and trade services.
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