First Data Corp, a global leader in electronic commerce and payment services, on Monday announced the successful launch of Bank Alfalah's new MasterCard offering on First Data's VisionPLUS processing platform, says a press release.
Bank Alfalah is the largest credit card issuer and a leading merchant acquirer in Pakistan, and First Data's first client in this important consumer finance market, it said.
Bank Alfalah's existing card and merchant portfolio will soon be migrated to the First Data platform, enabling the bank to offer an extended suite of financial services products to its valued customers, with state-of-the-art risk and fraud management solutions, the release said.
The swift and successful launch of Bank Alfalah's MasterCard portfolio demonstrates First Data's ability to manage significant assignments across the globe and underlines the wealth of experience the company brings as a trusted service provider to the world's leading financial institutions.-PR