Under the terms of the agreement, FPS will process and support Banco Bradesco’s private label, Visa and MasterCard portfolios through 2020.
FPS is a third-party card processor in Brazil and provides a wide range of card processing services including call center management, back-office support, risk management and collection services.
FPS currently supports more than 40 million card accounts in Brazil, including over five million prepaid cards.
FIS COO Gary Norcross said this long-term agreement further signifies FIS’ commitment to the Brazilian marketplace and the enthusiasm the company share with Banco Bradesco regarding the outlook for additional growth opportunities in the region.
Banco Bradesco executive vice president Arnaldo Vieira said that Banco Bradesco relationship with FIS allows it to not only support Brazil’s high-growth card market, but it also positions Banco Bradesco to diversify its products in order to service other card holders throughout the region.
