First Data to launch ATM services in China

First Data to launch ATM services in China
Tags: Asia, Australia & Pacific, Bank / Credit Union, Distributors / ISO / IAD, EFT Networks, North America, Other, Public Companies, Retail / Off-Premises, Transaction Processing
November 28, 2006

China Daily: First Data Corp. is planning to launch its first ATMs in China as part of a major expansion of its services in the country. First Data was the first card-processing company to be licensed by the Chinese government to provide financial institutions with card-issuing and outsourcing services. "We will launch our ATM service within the next six to 12 months," said Nigel Lee, president of First Data International China and North Asia. Currently, First Data only provides a card-processing service in China.