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First Data Announces Strategic Relationship with Wipro to Improve Global Client Support
|By Business Wire
|June 13, 2014 12:32 PM EDT
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 VisionPLUS®
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.
VisionPLUS 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 VisionPLUS,
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 VisionPLUS
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, VisionPLUS. “Our clients will
benefit from the increased scale, extended capability and richness of
Wipro’s global model and superior position in serving global financial
Under the agreement, Wipro will be a systems implementation provider,
offering installation, implementation, BAU support, development and
testing services to the VisionPLUS 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.”
Those interested in joining the First Data Developer License program
should contact Eva Hughes, vice president of product management – Vision
Payment Solutions, at [email protected].
About First Data
Around the world, every second of every day, First
Data makes payment transactions secure, fast and easy for merchants,
financial institutions and their customers. First Data leverages its
vast product portfolio and expertise to drive client revenue and
profitability. Whether the choice of payment is by debit or credit card,
gift card, check or mobile phone, online or at the checkout counter,
First Data takes every opportunity to go beyond the transaction. More
information about the company is available on FirstData.com
as well as on Twitter,
About Wipro Ltd.
Wipro Ltd. (NYSE: WIT) is a leading information technology, consulting
and outsourcing company that delivers solutions to enable its clients do
business better. Wipro delivers winning business outcomes through its
deep industry experience and a 360 degree view of “Business through
Technology” helping clients create successful and adaptive businesses. A
company recognized globally for its comprehensive portfolio of services,
a practitioner’s approach to delivering innovation and an
organization-wide commitment to sustainability, Wipro has a workforce of
140,000 serving clients across 61 countries. For more information,
please visit www.wipro.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth
prospects are forward-looking statements, which involve a number of
risks, and uncertainties that could cause actual results to differ
materially from those in such forward-looking statements. The risks and
uncertainties relating to these statements include, but are not limited
to, risks and uncertainties regarding fluctuations in our earnings,
revenue and profits, our ability to generate and manage growth, intense
competition in IT services, our ability to maintain our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property, and
general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more
fully described in our filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.
We may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our
reports to shareholders. We do not undertake to update any
forward-looking statement that may be made from time to time by us or on
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