ABN Amro teams with First Data for payments
Dutch state-owned bank, ABN Amro, is partnering with US-based First Data for payments and will offer services through its joint venture European Merchant Services (EMS).
EMS has been processing credit card and debit card payments for businesses for over 25 years, and ABN Amro says entrepreneurs and small business owners will be able to add more products and services through this payment offering over the course of 2016.
Berend Dinkla, director of products & business development at ABN Amro corporate banking, says: “We can now offer clients a single contract with payment solutions for both webshops and physical stores.”
First Data has a track record of partnerships in the payments space.
Last month, it teamed with SAP for a new B2B payments system, AribaPay, designed to make the procure-to-pay process quicker using a cloud-based model across a business network.
While in 2015, Saxo Payments announced it was collaborating with First Data to reduce costs and improve the speed of global transactions for First Data clients through a secure web interface to manage cross border transfers.
Technology consultancy Capgemini formed a global alliance with First Data to develop payment software based on First Data’s VisionPlus and AccessPlus solutions.