First Data Extends Agreement with BBVA Bancomer

MEXICO CITY--(BUSINESS WIRE)--First Data International, a global leader in electronic commerce and payment services, today announced that it has extended its payment processing agreement with BBVA Bancomer, a leading financial institution in Latin America.

“In addition, First Data’s strong local presence in Mexico combined with deep industry expertise and understanding of the Mexican payments market is unmatched.”

First Data will continue to support BBVA Bancomer’s retail business in Mexico, and continue to provide payment processing services to Finanzia USA, a BBVA subsidiary, supporting its credit card and retail operations in the United States.

“We extended our partnership with First Data because of their ability to provide us value and flexible, quality service,” said Ricardo Grebe, Director of Operations, BBVA Bancomer. “In addition, First Data’s strong local presence in Mexico combined with deep industry expertise and understanding of the Mexican payments market is unmatched.”

“We are pleased BBVA Bancomer renewed its agreement with First Data,” said Peter Harrington, President, Latin America and Canada, First Data International. “We have a long history with the bank having provided electronic payments processing services to them since 1994. We are committed to leveraging our expertise in the Mexican marketplace to help BBVA Bancomer further enhance its product and service offering to its customers.”

First Data provides a variety of card issuing and merchant acquiring processing services and related payment support across Latin America. Together with its global network, First Data has the ability to service clients in this region from offices in Argentina, Brazil, Costa Rica, Mexico, Miami, Panama, Puerto Rico and Uruguay.

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 Intentional has approximately 7,900 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific.

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; receivables management 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 BBVA Bancomer

BBVA Bancomer is the main subsidiary of Grupo Financiero BBVA Bancomer (GFBB) and the leading banking institution in Mexico in terms of assets, deposits, loans and number of branches. BBVA Bancomer offers personal, commercial and corporate financial products and services through 1,756 branch offices and 4,876 ATMs with a business model based on distribution networks segmented by groups of customers. Grupo Financiero BBVA Bancomer is Mexico’s leading private financial group providing services to more than 14 million customers. For further information visit: www.bancomer.com.

FDC-1