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National Bank of Kuwait extends agreement with First Data

Kuwait: Wednesday, January 13 - 2010 @ 13:00

Under the new agreement, First Data will continue to provide a range of processing solutions and fraud management services to the bank for its credit card portfolios. National Bank of Kuwait has been a First Data client since 2001 and conversion to FirstVision has enabled the bank to expand further beyond its domestic market and offer credit cards in other Gulf Cooperation Council countries.

“First Data’s track record in providing robust and scalable systems was instrumental in our decision to renew. To remain a leading player in the market, we were looking for an experienced and trusted payments services provider. First Data’s single platform solution, continuous investment in technology, and deep understanding of the local market has enabled us to build stronger relationships with our customers and expand our business beyond Kuwait,”

said Mr. Issam Al Sager, CEO at National Bank of Kuwait.

“We are delighted that National Bank of Kuwait, a long-term client, continues to entrust First Data with the processing of its credit card portfolios,” said Brian Quarrie, managing director of First Data in the Middle East. “The bank’s decision to extend our agreement demonstrates their confidence in us, and acknowledges the quality and breadth of our payment solutions. We look forward to building on this success in future.”

Today, FirstVision supports customers across Latin America, Europe, the Middle East and Asia and provides a single solution that delivers consistent functionality and technology in support of banks and major retailers around the world.

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Wednesday, January 13- 2010 @ 13:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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