First Data is planning to launch a new suite of payment processing software in partnership with Capgemini, a financial consulting and outsourcing firm based in Paris.
The two companies will develop software for payment servicing and implementation. The software, planned for release in the second quarter, will be compatible with First Data's VisionPLUS and AccessPLUS platforms.
Under the agreement, Capgemini will also serve as a reseller and payment processor in several global markets.
"Our singular focus is helping our clients grow their businesses, and this important global alliance with Capgemini helps deliver on that commitment," said Guy Chiarello, president of Atlanta-based First Data, in a Feb.5 press release.