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First Data to Provide Global Merchant Acquiring Solutions to Lenovo

Posted on: Wednesday, 20 June 2007, 09:01 CDT

First Data International, part of First Data Corp. (NYSE: FDC), a global leader in electronic commerce and payment services, announced today it has signed a three-year merchant processing agreement with Lenovo, an innovative, international technology company and the world's third-largest PC vendor. First Data will offer its payment processing solutions, from virtually anywhere in the world, to the company's worldwide Internet consumer and business clients.

Under the terms of the agreement, First Data will handle all e-commerce payment processing for Lenovo. All transactions and authorizations will route through First Data's global merchant processing platform. ABN AMRO, as First Data's primary banking partner for its global acquiring capability, will serve as the major acquiring bank, and will provide Lenovo its full suite of transaction banking solutions, including payments, treasury and investment management and trade services.

"This agreement is evidence of our strong commitment to meet our clients' needs by offering worldwide electronic payment solutions," said Pam Patsley, President, First Data International. "We are pleased to partner with Lenovo, and to further enable them to meet the growing demands for their products and services from customers around the world."

"ABN AMRO's global banking network and expertise really complement FDI's processing power, making this a formidable partnership. We are delighted that Lenovo has chosen to leverage this partnership for their e-commerce payments, and we look forward to providing them excellent service," said Ann Cairns, CEO, Transaction Banking, ABN AMRO.

Lenovo fully migrated to First Data's platform in March, and the service is already available to Lenovo's customers.

About First Data International

First Data International, part of First Data Corp. (NYSE: FDC), is a leading provider of electronic commerce and payment solutions for businesses worldwide. The company serves a diverse range of markets, leveraging global scale through a local presence and maintaining focus on individual client needs. First Data International has approximately 7,900 employees and operates across Europe, Middle East and Africa, Latin America, Canada, Australia and Asia-Pacific.

Serving over 5 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com.

About ABN AMRO

Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 1,054.60 bln (as at 31 March 2007). It has more than 4,500 branches in 53 countries, and has a staff of more than 107,000 full-time equivalents worldwide. ABN AMRO is listed on Euronext and the New York Stock Exchange.

ABN AMRO Transaction Banking delivers cash, trade and supply chain and card products and services to corporations and businesses, financial institutions, retail customers and private clients globally. These services are available in some 3,000 locations in more than 50 countries, including LaSalle Bank in the US and Banco Real in Brazil. Underpinning this extensive global network is integrated technology supporting billions of payment, trade and card transactions every year. Global scale, a commitment to continuing product and service innovation and an in-depth understanding of local and global markets are key components of our offer. www.abnamro.com

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Source: Business Wire

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