Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (319)	8/13/2003 9:56:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

First Data Corp Wins China Everbright Bk Outsourcing Deal BEIJING (Dow Jones)--First Data Corp. (FDC) said Wednesday it had won its first major outsourcing contract in China, by signing a deal to manage the bank card system of China Everbright Bank. The Denver-based provider of electronic commerce and payment services will supply the Chinese bank with a software platform and other back-end services to process its credit card and debit card transactions. Financial details for the multiple-year contract weren't disclosed. China Everbright Bank has already issued more than 10 million debit cards, and is planning to launch its first credit cards later this year. The bank is part of the state-backed China Everbright Group, a financial services conglomerate which lists some of its assets in Hong Kong. One of those units, China Everbright Ltd. (H.CEB) is a shareholder in China Everbright Bank, though the bank is reportedly considering a stock listing of its own. sg.biz.yahoo.com