First Data and China CITIC Bank International to Join Forces with Launch of New Merchant Acquiring Solutions
December 11 2018 - 9:00PM
Business Wire
Global leader in commerce-enabling technology First Data (NYSE:
FDC) and Hong Kong-based pioneer in mobile banking China CITIC Bank
International Limited (CNCBI), announce a partnership with the
launch of a comprehensive range of merchant acquiring solutions
including point of sale terminals, eCommerce solutions and other
value-added services in Hong Kong.
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the full release here:
https://www.businesswire.com/news/home/20181211006014/en/
Through this partnership, CNCBI clients will have access to a
full range of flexible payment acceptance methods in-store, on
mobile devices, and online. Clients with physical stores, for
instance, can take advantage of First Data’s latest all-in-one
point of sale terminals which accept all major payment types in
Hong Kong, while they can also ride on First Data’s global
eCommerce solutions to facilitate the convenience of payment via
card, mobile wallet or e-wallet, online and offline.
The partnership with First Data provides CNCBI clients with more
channels to accept payments and inject funds directly into their
CNCBI Business NOW account with a shorter settlement time. “Clients
can manage their operating cash in a single account, enjoy
preferential deposit interest rates and gain better visibility and
control over their working capital,” said Ronald Iu, Executive
General Manager, Assets & Liabilities and Customer Strategy,
Personal and Business Banking, CNCBI.
“As First Data continues to invest in best-in-class technology,
CNCBI clients will benefit from the flexible, robust and secure
merchant solutions enabled by First Data in Hong Kong and as they
expand their operations globally,” said Ivo Distelbrink, Executive
Vice President, Head of APAC, First Data.
First Data’s global scale supports the growth of CNCBI’s
clients, providing scope to develop collaborative solutions that
leverage an integrated coverage model on the back of a consistent
technology platform and standardised integration and processing
across markets, generating an appealing proposition for
medium-sized and large business banking clients seeking improved
operating efficiency with the assistance from a single-source
provider.
About China CITIC Bank International Limited
China CITIC Bank International Limited (CNCBI) is 75%-owned by
CITIC International Financial Holdings Limited, which in turn is a
wholly-owned subsidiary of China CITIC Bank Corporation Limited.
The remaining 25% of CNCBI are owned by Tian Yuan Trading Limited,
Hong Kong Guansheng Investment Co., Limited, Anxin Trust Co.,
Limited, Clear Option Limited and Elegant Prime Limited.
By providing value-creating financial solutions to define and
exceed both wealth management and international business objectives
of Greater China and overseas customers, CNCBI aspires to be “the
best overseas integrated financial services institution”, with the
highest international standards and capabilities.
CNCBI’s footprint in Greater China includes 32 branches in Hong
Kong, as well as branches and presence in Beijing, Shanghai,
Shenzhen and Macau. CNCBI also has overseas branches in New York,
Los Angeles and Singapore. More information about CNCBI can be
found on its website at www.cncbinternational.com.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology, serving approximately 6 million business locations and
4,000 financial institutions in more than 100 countries around the
world. The company’s 22,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest
corporations, conduct commerce every day by securing and processing
more than 3,000 transactions per second and $2.4
trillion per year. For more information,
visit www.firstdata.com and follow us on Twitter
at @FirstData and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181211006014/en/
Christopher LawCorporate CommunicationsChina CITIC Bank
International LimitedTel: +852 3603 6635Email:
ChristopherST_Law@cncbinternational.com
Dorothy WuAPAC CommunicationsFirst DataTel: +852 3746 6847Email:
Dorothy.wu@firstdata.com
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