Fidelity National Information Services
(FIS) has completed a 10-year agreement with Bradesco and the
firm’s card processing joint venture, Fidelity Processadora e
Servicos (FPS).
In terms of the deal, FPS will process and
support Bradesco’s private label, Visa and MasterCard portfolios
until 2020.
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Third-party card processor FPS provides a
wide range of card processing services including call center
management, back-office support, risk management and collection
services.
FPS currently supports over 40m card
accounts in Brazil, including more than 5m prepaid
cards.
Gary Norcross, FIS COO said: “This
long-term agreement further signifies our commitment to the
Brazilian marketplace and the enthusiasm we share with Banco
Bradesco regarding the outlook for additional growth opportunities
in the region.”
