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First Data, Capgemini announce payments partnership

According to the companies, this collaboration will leverage Capgemini's global vertical industry and payments expertise and First Data's suite of payments solutions.

February 6, 2015

Payment technology firm First Data Corporation and Capgemini, provider of consulting, technology and outsourcing services, announced they have formed a global alliance to develop next-generation payment technology software using First Data's VisionPLUS and AccessPLUS solutions. According to the companies, this collaboration will leverage Capgemini's global vertical industry and payments expertise and First Data's suite of payments solutions.

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 payments solutions leveraging VisionPLUS, AccessPLUS and other First Data and third-party solutions. The companies said 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.

"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."