TORONTO, June 6 /CNW/ - First Data International, a global leader in
electronic commerce and payment services, today announced it has extended its
agreement with Laurentian Bank of Canada. Under terms of the agreement, First
Data will continue to provide payment processing services for the bank's
credit card portfolios.
"We are pleased to expand our partnership with Laurentian Bank," said
Peter Harrington, President, Latin America and Canada, First Data
International. "They have been our client since 2000, and this contract
extension is proof of Laurentian's trust in our ability to continually meet
their evolving needs."
Laurentian Bank is a Quebec banking institution operating across Canada
and drives the third largest branch network in Quebec. The bank has more than
3,200 employees, 158 bank branches, 29 commercial banking centers and 14
brokerage offices, and is dedicated to meeting the financial needs of its
clients through the excellence of its service, simplicity and proximity.
"Over the years, Laurentian Bank has developed a very effective working
relationship with First Data," said Sylvain Malo, Vice President, Direct
Financial Services. "We chose to continue to use First Data's services because
of the flexibility of their payment processing solutions. Moreover, their
expertise is a very important element to help us grow and continue to be
highly competitive in our market."
First Data has provided card processing services in Canada since 2000 and
currently processes accounts on behalf of leading card issuers in the region.
The company is also a leading merchant acquirer of MasterCard(R) transactions
in Canada working with a wide range of merchants.
About First Data International
First Data International, part of First Data Corp. (NYSE: FDC), is a
leading provider of electronic commerce and payment solutions for businesses
worldwide. The company serves a diverse range of markets, leveraging global
scale through a local presence and maintaining focus on individual client
needs. First Data International has approximately 7,900 employees and operates
across Europe, Middle East and Africa, Latin America, Canada, Australia and
Serving over 5 million merchant locations, 1,900 card issuers and their
customers, First Data powers the global economy by making it easy, fast and
secure for people and businesses around the world to buy goods and services
using virtually any form of payment. The company's portfolio of services and
solutions includes merchant transaction processing services; credit, debit,
private-label, gift, payroll and other prepaid card offerings; fraud
protection and authentication solutions; electronic check acceptance services
through TeleCheck; as well as Internet commerce and mobile payment solutions.
The company's STAR Network offers PIN-secured debit acceptance at 2 million
ATM and retail locations. For more information, visit www.firstdata.com.
About Laurentian Bank of Canada
Laurentian Bank of Canada is a Quebec banking institution operating
across Canada dedicated to meeting the financial needs of its clients through
the excellence of its service, its simplicity and its proximity. The Bank
serves individual consumers, small and medium-sized businesses as well as,
through B2B Trust, independent financial advisors. It also provides
full-service brokerage solutions through the Laurentian Bank Securities
subsidiary. Laurentian Bank is well established in the Province of Quebec,
operating the third largest retail branch network and is a performing vplayer
in specific market segments elsewhere in the country. Laurentian Bank of
Canada has over $17 billion in balance sheet assets and close to $15 billion
in assets under administration. Founded in 1846, the Bank employs more than
3,200 people. Its common shares are listed on the Toronto Stock Exchange (TSX:
LB). For more information, please visit www.laurentianbank.ca.
For further information:
For further information: First Data International Julie Holan,