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First Data and China CITIC Bank International launch new merchant acquiring solutions

First Data and Hong Kong-based China CITIC Bank International (CNCBI), have announced a partnership with the launch of a comprehensive range of merchant acquiring solutions including POS terminals, e-commerce solutions and other value-added services in Hong Kong.

First Data logo

First Data launch new merchant acquiring solutions

Through this partnership, CNCBI clients will have access to a full range of flexible payment acceptance methods in-store, on mobile devices, and online. Clients with physical stores, for instance, can take advantage of First Data’s latest POS terminals which accept all major payment types in Hong Kong, while they can also ride on First Data’s global e-commerce solutions to facilitate the convenience of payment via card, mobile wallet or e-wallet, online and offline.

The partnership with First Data provides CNCBI clients with more channels to accept payments and inject funds directly into their CNCBI Business NOW account with a shorter settlement time.

“Clients can manage their operating cash in a single account, enjoy preferential deposit interest rates and gain better visibility and control over their working capital,” says Ronald Iu, Executive General Manager, Assets & Liabilities and Customer Strategy, Personal and Business Banking, CNCBI.

“As First Data continues to invest in best-in-class technology, CNCBI clients will benefit from the flexible, robust and secure merchant acquiring solutions in Hong Kong and as they expand their operations globally,” continues Ivo Distelbrink, Executive Vice President, Head of APAC, First Data.

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