Global payment processing company, First Data Corporation, has teamed up with Capgemini, a leading provider of technology, consulting, and outsourcing services, to develop next generation payment technology software based on First Data’s AccessPLUS and VisionPLUS solutions.
The two companies expect to start offering new technologies in the second quarter of 2015.
This partnership will leverage First Data’ suite of payment solutions and Capgemini’s global vertical industry and payments expertise to better help clients grow their businesses, mitigate risk and improve operational efficiencies.
By leveraging VisionPLUS, AccessPLUS, and other First Data and third-party software, Capgemini will enable the development of innovative payment solutions, aimed at providing enhanced servicing and channel integration, accelerated implementations, and improved local payment solutions coverage to clients in varied sectors.
Under their global alliance, Capgemini will play strategic roles as payment processor, value added reseller and managed services provider in several global markets.
The Paris-based company will also have a developer license to offer development services and systems integration services to First Data’s VisionPLUS and AccessPLUS licensees.
According to Anirban Bose, Head of Banking at Capgemini Financial Services, this joint alliance with First Data plays to Capgemini’s strengths.
Bose lists existing relationships and experience with companies such as Cisco, Cloudera, EMC, IBM, Oracle, SAP, and others. Capgemini is also well-versed in deploying and implementing First Data’s range of products and services.
Finally, Capgemini’s global presence makes international support and implementation a great match for First Data’s worldwide reach.
“We are well positioned to maintain long term sustainable relationships with clients as we have successfully shown our ability to craft business value propositions predicated on integrated IT solutions (hardware, software, services combination) that enable clients to not only achieve operational efficiencies in local markets but also accelerate speed to market while minimizing exposure to risk (market, regulatory, operational),” Bose stated.
Ellie Dautner, a finance postgraduate from the University of San Diego, is an expert journalist in fintech and mobile payment technology. She specializes in writing about fintech, mobile payments, startup funding, and acquisitions.