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First Data and European Banks Team Up to Expand Eufiserv's European Interbank Processing Business
21.05.08 - 23:02 ... source : First Data - Europe
... Brussels, May 21, 2008 — First Data Corp., a global leader in electronic commerce and payment services announced today that it has signed an agreement with EUFISERV and its fifteen shareholders, which includes twelve European banks and banking organizations, with the intention of expanding and developing the European inter-bank processing network that is managed by EUFISERV. EUFISERV, which is based in Brussels, provides inter-bank switching of Point of Sale (POS) and Automated Teller Machine (ATM) transactions, including authorisation, clearing, settlement and value-added services to payment card issuers, acquirers and payment schemes. EUFISERV together with First Data will further develop these services which will be compliant with the Single Euro Payment Area (SEPA) framework requirements. The company will also be well positioned to service a new class of "Payment I ...» Next (HTML)
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