July 25, 2005
First Data Corp. just signed a multi-year agreement to
manage credit cards and merchant processing services for DBS
Bank. DBS, based in Singapore, is the largest
bank in that region and has a portfolio of about 2 million
credit card accounts and approx. 13,000 merchants.
First Data said the DBS deal is the first major contract in South Asia for the company, which has a presence in more than 70 countries.
First Data and DBS first began doing business in 1999, when DBS began using First Data's VisionPlus software to manage credit card services in-house.
"The appointment of First Data as a managed services provider was a logical extension of the existing partnership," Steve Ingram, DBS' managing director, said in a statement. He said when DBS decided to outsource the task, using First Data made sense.
Advertise on E-Commerce News
If you have a product or service that deals with the ecommerce
or ebusiness field, advertising on E-Commerce News can bring
you new sales leads and close new marketing channels. This news
portal is read by over 25,000 people a week.
Businessmen and woman that either own an ecommerce website, an
ebusiness franchise, a B2B commercial exchange or by people in all walks
of life that need to keep abreast of this fast-changing field. For
more information on the many advantages of advertising on our news
portal or to request pricing information, please send us an
and a marketing representative will be glad to answer you