First Data to Acquire EuroProcessing International

Pam Patsley, president of First Data International, said: "Many of the banks that are growing rapidly through acquisitions in Central and Eastern Europe now have multiple disparate processing platforms -- and a strong and urgent desire for entering into regional contracts. First Data is well equipped and, through this acquisition, we are well positioned to assist these banks in securing the efficiencies and value that such consolidation will deliver."

David Yates, president of Europe, Middle East and Africa, First Data International, added: "This acquisition builds out First Data's European footprint further and gives us direct, on-the-ground experience of operating in one of the fastest-growing areas of the region. We are committed to the delivery of global payments expertise through a local organization that is deeply rooted in the business environment in which our clients operate. This differentiates us from other players in the market -- as does the breadth of our service offering across debit, credit and loan processing and in merchant acquiring."

Johan Reinsli, CEO of EuroProcessing International, commented: "Being a part of a world leader in payments processing will take our company to the next level. In combination with First Data, we will deliver increased support to existing and new banking clients, and make a significant contribution to their continuing success."