Capgemini and First Data forge payments development alliance
Delaporte: rapid evolution occurring in payments
Technology consultancy Capgemini has formed a global alliance with First Data to develop payment software based on First Data’s VisionPlus and AccessPlus solutions. The pair say that they expect to begin delivering new solutions in the second quarter of this year.
The collaboration will bring together Capgemini’s global vertical industry and payments expertise and First Data’s suite of payments solutions, used across numerous sectors, including financial services, retail, public sector, telecommunications and media.
Capgemini will act as value added reseller, payment processor and managed services provider in a number of global markets. It will also “actively enable the development” of payments solutions using First Data and third-party solutions.
As part of the alliance, Capgemini will also become a holder of a developer license to offer development services and systems integration services to First Data’s VisionPlus and AccessPlus licensees.
“With the rapid evolution of the payments marketplace impacting many key vertical industries, our clients recognise the need for highly flexible, scalable, and easily integrated solutions that can meet dynamic customer demands, regulatory changes, security threats and emerging competition from alternative players,” said Thierry Delaporte, chief executive, Capgemini Financial Services. “Coupling First Data’s comprehensive payment solutions portfolio with Capgemini’s deep technology expertise and payments industry experience (with over 100 implementations globally) enables us to provide a global, market-leading payments platform and solutions portfolio to clients.”
More than 200 financial institutions internationally use VisionPlus and AccessPlus for payment processing and servicing. VisionPlus enables clients to issue, acquire and process credit, debit, commercial and prepaid transactions, as well as handle loan account processing on a single secure platform. The software supports multiple currencies and addresses compliance challenges faced by financial institutions.
