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First Data Announces Strategic Relationship With Wipro To Improve Global Client Support

Stocks in this article: WIT

First Data Corporation, the global leader in payment technology and services solutions and Wipro Ltd (NYSE: WIT), a leading information technology, consulting and outsourcing company, today announced a strategic relationship in which Wipro will provide development, implementation and testing services on First Data’s Vision PLUS ® and AccessPLUS suite of software solutions. This agreement is part of First Data’s new developer license initiative, providing improved support to clients around the globe.

Vision PLUS is a payment processing solution for financial institutions that enables the issuance and processing of credit, debit, commercial and prepaid cards, as well as consumer loans, loyalty and merchant accounts on a single platform. AccessPLUS, offered with Vision PLUS, is a suite of business process management solutions that drives operational staff efficiency in servicing customers and supports portfolio parameter management.

Wipro joins the international ecosystem that enables First Data to bring application support services and innovation to clients using the Vision PLUS and AccessPLUS licensed software solutions. First Data’s developer license program further contributes to keeping the two suites of products flexible and up-to-date with new market trends and technology.

“We are pleased to have Wipro join our developer license network,” said Paolo Temporiti, general manager, Vision PLUS. “Our clients will benefit from the increased scale, extended capability and richness of Wipro’s global model and superior position in serving global financial institutions.”

Under the agreement, Wipro will be a systems implementation provider, offering installation, implementation, BAU support, development and testing services to the Vision PLUS and AccessPLUS solutions.

“New disruptors regularly emerge in the payments industry, posing challenges to financial institutions and retailers,” said Balasubramanian Ganesh, chief executive of Wipro’s products and solutions group. “This strategic relationship provides enhanced capability to First Data clients in meeting these challenges.”

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