First Data expands Asian presence

SHANGHAI, China - First Data Corp., a global provider of electronic commerce and payment services, has significantly expanded its presence in China and North Asia with a broader set of payment solutions, according to a news release.

First Data is serving four of China's five largest commercial banks through its data center in Shangahi, where the company provides card and merchant processing solutions.

Following software and service agreements with Bank of Communications in Hong Kong, and a card-processing agreement to serve China's Ping An Bank, First Data is expanding its client base and set of payment solutions in the North Asian region.

Joined forces with the global player JCB

Enhancing its VisionPLUS card-processing system to support JCB International Co. Ltd.'s issuance and acquiring, First Data will increase the reach and appeal of JCB's brand in the region.

A bank card conversion project for ICBC

Using a full suite of VisionPLUS modules, ICBC will integrate the data source of its newly acquired bank in Hong Kong. First Data will provide ICBC the conversion to this enhanced platform and a quality solution with ongoing technical support and service.

Providing Chinese banks with fraud detection platform

In addition to providing outsourcing services to banks in China, First Data further enhanced its offerings by providing online fraud detection capabilities through a partnership with aiCorp. First Data will be integrating aiCorp's RiskNet fraud detection system into its processing center in Shanghai, making available the ability to monitor client transactions in near real-time and providing prompt notification of fraudulent account activity.

Partnering with Austin Logistics in risk solutions

First Data will assimilate Austin Logistics' credit risk management analytic and business intelligence technologies into the financial processing systems it sells in China, Taiwan, Hong Kong and Korea.