Innovative approach to risk and strong relationship management seals agreement
LONDON, February 20, 2012 – First Data Merchant Solutions, First Data’s direct-to-market merchant acquiring business, today announced that STA Travel, the global travel specialist with 30 years’ experience advising young people on holidays and adventures abroad, has placed its entire UK card transaction processing business with First Data Merchant Solutions.
STA Travel decided to award its entire transaction processing business to First Data in late 2011, having previously used a combination of acquirers.
Nick Carter Shaw, Finance Director of STA Travel, commented: “First Data Merchant Solutions have proved themselves to take a practical and innovative view of risk and are dedicated to relationship management. We look forward to working with them more closely in 2012 and beyond.”
Phil Curtis, Managing Director of First Data Merchant Solutions, added: “We are delighted to extend our agreement with STA Travel in the UK. Despite the ongoing austerity, consumers, including young people, are continuing to spend on holidays. However, the travel sector continues to face many challenges and we pride ourselves on offering some of the most flexible payment acceptance options in support of the industry, for which our agreement with STA Travel is testament.”
About STA Travel
STA Travel is a global travel specialist with 30 years’ experience advising young people on holidays and adventures abroad. STA Travel offers a unique range of flights, accommodation, tours and expeditions in 90 countries and sends over 6 million passengers away each year. STA Travel has over 400 branches worldwide.
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 customer 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.
Merchant Solutions are provided by FDR Limited, trading as First Data Merchant Solutions, as agents for Bank of Scotland plc, as the registering member under the Relevant Card Schemes.
Louisa Excell, First Data
Tel: +44 1268 296 578
Louise Prior, Prior PR on behalf of STA Travel
Tel: +44 7786 227 572