First Data and Capgemini Form Global Alliance to Deliver Next Generation Payment Solutions
February 05 2015 - 02:30AM
First Data Corporation, a global leader in
payment technology and services solutions, and
Capgemini, one of the world's foremost
providers of consulting, technology and outsourcing services, have
formed a global alliance to develop next generation payment
technology software using First Data's VisionPLUS® and AccessPLUS
solutions. This collaboration will leverage Capgemini's global
vertical industry and payments expertise and First Data's
market-leading suite of payments solutions, assisting clients in
numerous sectors, including Financial Services, Retail, Public
Sector, Telecommunications and Media, in growing their businesses,
mitigating risk and improving operational efficiencies.
Capgemini will serve strategic roles as value added reseller,
payment processor and managed services provider in a number of
global markets. Capgemini will also actively enable the development
of innovative payments solutions leveraging VisionPLUS, AccessPLUS
and other First Data and third-party solutions. These new solutions
will provide enhanced servicing and channel integration,
accelerated implementations, and improved local payment solutions
coverage to clients around the world. As part of this alliance,
Capgemini will also become a holder of a developer license to offer
development services and systems integration services to First
Data's VisionPLUS and AccessPLUS licensees.
Change is accelerating in the payments marketplace. Consumers
are demanding the latest in innovation that includes not only a
great user experience, but also enhanced and localized
functionality, data security protection, loyalty programs and
mobility.
"Never before in the history of financial services has the speed
of change been faster, and competition for customers more fierce,"
said Guy Chiarello, president of First Data. "Our singular focus is
helping our clients grow their businesses, and this important
global alliance with Capgemini helps deliver on that commitment by
enabling our clients to navigate an evolving global marketplace
with our optimal solutions and deployment expertise."
More than 200 financial institutions around the world trust
VisionPLUS and AccessPLUS for payment processing and servicing.
VisionPLUS is the leading software that enables clients to issue,
acquire and process credit, debit, commercial and prepaid
transactions, as well as handle loan account processing on a
single, secure platform. The software supports multiple currencies
and addresses compliance challenges faced by financial institutions
globally.
"With the rapid evolution of the payments marketplace impacting
many key vertical industries, our clients recognize the need for
highly flexible, scalable, and easily integrated solutions that can
meet dynamic customer demands, regulatory changes, security threats
and emerging competition from alternative players," said Thierry
Delaporte, Chief Executive Officer, Capgemini Financial Services.
"Coupling First Data's comprehensive payment solutions portfolio
with Capgemini's deep technology expertise and payments industry
experience (with over 100 implementations globally) enables us to
provide a global, market-leading payments platform and solutions
portfolio to clients."
The First Data-Capgemini alliance is expected to begin
delivering new solutions in the second quarter of this year.
About Capgemini
With more than 140,000 people in over 40 countries, Capgemini is
one of the world's foremost providers of consulting, technology and
outsourcing services. The Group reported 2013 global revenues of
EUR 10.1 billion. Together with its clients, Capgemini creates and
delivers business and technology solutions that fit their needs and
drive the results they want. A deeply multicultural organization,
Capgemini has developed its own way of working, the Collaborative
Business ExperienceTM, and draws on Rightshore®,
its worldwide delivery model.
Learn more about us at www.capgemini.com.
About Capgemini's Financial Services Global Business
Unit
Capgemini's Global Financial Services Business Unit brings deep
industry experience, innovative service offerings and next
generation global delivery to serve the financial services
industry. With a network of 24,000 professionals serving over 900
clients worldwide Capgemini collaborates with leading banks,
insurers and capital market companies to deliver business and IT
solutions and thought leadership which create tangible value.
More information is available at:
www.capgemini.com/financialservices.
About First Data First Data is the global
leader in payment technology and services solutions. With 24,000
owner-associates and operations in 35 countries, the company
provides secure and innovative payment technology and services to
more than six million merchants and financial institutions around
the world, from small businesses to the world's largest
corporations. Today, businesses in nearly 70 countries trust First
Data to secure and process nearly 2,000 financial transactions per
second, totaling $1.8 trillion a year. First Data's unparalleled
infrastructure and partnerships go "beyond the transaction" with
next-generation point-of-sale technology fueled by powerful
analytics to detect fraud, gain insights into consumer spending,
and strengthen customer loyalty. All day, every day, First Data
helps its clients thrive in the evolving world of commerce.
CONTACT: Capgemini Press Contacts:
Courtney Finn (North America)
Weber Shandwick for Capgemini
cfinn@webershandwick.com
+1 952 346 6206
Cortney Lusignan (EMEA)
Weber Shandwick for Capgemini
clusignan@webershandwick.com
+44 (0) 20 7067 0764
First Data Press Contact:
Louisa Excell
lexcell@firstdatacorp.co.uk
+44(0) 1268 296 578
CAI (NYSE:CAI)
Historical Stock Chart
From Feb 2024 to Mar 2024
CAI (NYSE:CAI)
Historical Stock Chart
From Mar 2023 to Mar 2024