According to First Data, services will cover the full spectrum of card processing services, ranging from front-end services in card application management, transaction processing, authorizations, clearing and settlement, to card account management, loyalty processing and fraud management solutions. All client services support will be provided from the company’s offices in Dubai.
Philip King, head of retail at IBQ, said: “We believe that First Data has the breadth of services we need to expand our current card portfolio and is also committed to supporting our strategic long-term retail banking initiatives. Through the rich functionality of FirstVision, First Data brings us the tools and capabilities we require to offer an extended suite of financial services to our valued clients, rapidly and efficiently.”
Brian Quarrie, managing director in the Middle East for First Data, said: “IBQ has signaled its confidence in First Data and I’m very proud that we will support the bank’s expansion in the Qatar credit card market.”
