Comercia Global Payments Launches Interest-Free Installment Payment
Program in Spain
BARCELONA, Spain and
ATLANTA, Nov. 15, 2012 /PRNewswire/ -- Comercia Global
Payments EP, S.L, a joint venture between the U.S.-based Global
Payments Inc. (NYSE: GPN) and "la Caixa," the largest retail bank
in Spain, today announced the
companies have launched an interest-free Installment Payment
Program in Spain. Merchants
throughout Spain can now offer
customers the convenience of interest-free installment payments
over a three, six or 12-month period for qualifying purchases using
their "la Caixa" credit card.
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
)
This innovative installment payment product offers zero interest
on credit card purchases during the installment period, instant
customer approvals at the point-of-sale and minimal merchant
set-up. Installment Payment Program is operationally streamlined
for merchants as the Comercia Global Payments point-of-sale
terminal automatically detects any "la Caixa" credit card purchase
over the qualifying amount and offers the option for installment
payments. The product is particularly suited for merchants
looking to increase high-ticket sales items such as jewelry,
consumer electronics, travel and hospitality, lifestyle products
and telecommunications.
"Installment Payment Program is a win-win for the 'la Caixa'
cardholder and our merchant customers in Spain," said Sid
Singh, senior vice president and global head of product at
Global Payments Inc. "Economic conditions continue to be
challenging in the local markets, as Spanish consumers look for
more value and convenience, and merchants want to continue to sell
their high-ticket products and services."
Comercia Global Payments, formed in 2010, is a joint venture
between Global Payments and "la Caixa" to provide merchant
acquiring and payment processing services to merchants throughout
Spain.
"la Caixa" is the leading financial group in Spain and the largest network in the Spanish
financial system with 13 million customers, 6,000 branches and
10,000 ATMs, It also holds a leading position in online banking
through Linea Abierta, with 8.6 million customers; mobile phone
banking, with more than 2.6 million customers and the highest
number of financial service users in Spain; and electronic banking, with 12.5
million cards in circulation. "la Caixa" undertakes the banking
activity indirectly through CaixaBank. Visit
http://www.lacaixa.com/corporate/home_en.html for more information
about the bank.
Global Payments Inc. (NYSE: GPN) is a leading provider of
electronic transaction processing services for merchants,
Independent Sales Organizations (ISOs), financial institutions,
government agencies and multi-national corporations located
throughout the United States,
Canada, Europe and the Asia-Pacific region. Global Payments, a
Fortune 1000 company, offers a comprehensive line of processing
solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check
guarantee, verification and recovery including electronic check
services, as well as terminal management. Visit
www.globalpaymentsinc.com for more information about the company
and its services.
Media Relations Contacts
"la Caixa"
Direccion Corporativa de Comunicacion
Phone: Tel: +34 93 404 7468 / 8108
Email: prensa@lacaixa.es
http://prensa.lacaixa.es/caixabank
Global Payments Inc.
Amy W. Corn
Phone: +1 678.643.2565
Email: amy.corn@globalpay.com