First Data to provide payment card processing for stores across Poland
Warsaw, September 22, 2010 – First Data Corporation , a global leader in electronic commerce and payment processing and owner of Polcard, a leading merchant acquirer in Poland, today announced that it has signed an agreement with Top Secret and Troll, two of the most respected clothing brands in Poland and part of the Redan S.A. group. Under the terms of the agreement First Data will implement 182 card acceptance devices at the retailers' stores across Poland.
The terminals being installed in Top Secret and Troll stores are equipped with dynamic currency conversion (DCC) functionality which gives cardholders the option to pay for goods and services in their home currency. DCC provides convenience for tourists and business travellers who can see immediately how much their foreign transactions cost in a familiar currency, without having to wait for their monthly statement to find out.
"With more than 20 years of experience in the Polish retail sector, we have witnessed several changing trends in payment methods over the years and have always strived to keep abreast of them," said Piotr Olczyk, Redan S.A. Capital Group. "This would not be possible without the reliable support of First Data, which provides us with market-leading solutions at all our stores."
"We are delighted that Top Secret and Troll, two retailers with extensive store networks, have decided to entrust us with the installation and servicing of such a large number of card acceptance devices," said Janusz Diemko, managing director of First Data's business in Poland. "We aim to go beyond meeting our client's basic requirements by offering modern, feature-rich terminals and by providing the highest levels of support."
About Redan Plc
Redan PLC is engaged in the design, marketing and distribution of clothes. Redan PLC operates within Capital Group and includes several partnerships focused on the further expansion and sales of top clothing brands Top Secret, Troll and Textilmarket. Redan was established in 1995 and since 2003 its shares have been listed on Warsaw Stock Exchange. From 2003 to 2007 Redan PLC underwent a period of dynamic growth and internal change. These changes resulted in improvements in Redan's sales network and currently more than 90% of sales revenue is generated through its retail stores.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the aggregate data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com .
Olga Malecka, First Data
+48 (0) 22 515 31 00