Capgemini and First Data have announced a new global alliance to deliver next generation payment technology software.
The partnership will combine Capgemini‘s vertical industry and payments expertise and First Data’s suite of payments solutions.
Capgemini will work as a reseller, payment processor and managed services provider across several markets and develop new innovative payments technology using First Data solutions.
The move taps into a consumer demand for payment solutions combining high-end user experience with high functionality and security.
"Never before in the history of financial services has the speed of change been faster, and competition for customers more fierce," said Guy Chiarello, president of First Data.
"Our singular focus is helping our clients grow their businesses, and this important global alliance with Capgemini helps deliver on that commitment by enabling our clients to navigate an evolving global marketplace with our optimal solutions and deployment expertise."
Thierry Delaporte, Chief Executive Officer, Capgemini Financial Services, commented: "With the rapid evolution of the payments marketplace impacting many key vertical industries, our clients recognize 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."
"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."
The new solutions are expected in the second quarter of this year.
