First Data to process Microsoft global payments

Stan Beer
Wednesday, 31 May 2006 18:43

IT Industry - Deals

Electronic commerce and payments provider First Data Corp, has inked a multi-year agreement to provide global merchant processing for Microsoft's online consumer and business clients.

Under the agreement, First Data will also provide risk management services.

"This agreement exhibits the ability of First Data to facilitate the acceptance of payments for companies that service a global customer base," said Pam Patsley, president, First Data International. "With our global acquiring capability, merchants can now offer consumers the ability to pay for goods and services in their home currency, which creates a transparent payment transaction."

"The international scale and breadth of First Data's payment processing solutions enable us to deliver a seamless billing experience to customers, regardless of where customers might purchase our products and services," said Karl Hebert, Director of the Global Commerce Group at Microsoft. "We look forward to working with First Data as we look to expand our product and service offerings into more global markets."

First Data's global reach is achieved through its worldwide relationships with partner financial institutions.