First Data, HP Partner On Payments Processing

HP announced via press release that First Data will use its HP Converged Infrastructure to power its VisionPlus Flex offering. The integration is designed to better help First Data’s customers meet client demand. This payments solution allows financial providers to process transactions on up to 10 million accounts.

“As consumer and market demands evolve and grow, financial institutions and government agencies need to quickly and seamlessly issue, as well as process, a variety of payment processing tasks with a common management platform,” Duncan Campbell, a vice president at HP, said in a statement.

First Data says this product will help financial providers lower the cost of ownership, process payments in country and support enterprise demands, all with faster installation that takes days instead of months.

Read the full report here.