Arab Financial Services (AFS) have teamed up
with electronic commerce and payment solutions company First Data
to help support its regional client base.

Under the new agreement, AFS clients will use
First Data’s strategic issuing and consumer finance solution,
FirstVision. FirstVision incorporates an enhanced version of
VisionPLUS as well as a full range of associated operational and
value-added services.

“AFS continually aims to provide its clients
with industry-leading customer service and access to innovative and
integrated solutions with the objective of helping them grow their
business,” said Shankar Sharma, chief executive officer of Arab
Financial Services. “First Data has the scale, resources,
experience and processing focus to provide our clients with a
continued high level of service during the transition as well as
provide for their future growth. We are confident that this
agreement is in the best interest of our clients.”

Brian Quarrie, managing director, First Data
Middle East said: “We are delighted to reach this agreement to
deliver processing services in support of Arab Financial Services’
clients, some of which are already using other services from First
Data. We look forward to ensuring continuity of service at the
highest levels and to extending and deepening our relationships
with these organisations over time.”