Certegy Announces Card Processing Agreement With Canada's Home Trust Company
October 31 2005 - 8:00AM
PR Newswire (US)
ST. PETERSBURG, Fla., Oct. 31 /PRNewswire-FirstCall/ -- Certegy
Card Services, Inc., a subsidiary of Certegy Inc. (NYSE:CEY), the
nation's leading provider of credit card processing services to
credit unions and community banks, today announced a five-year
agreement with Home Trust Company of Canada. Home Trust Company is
a subsidiary of Home Capital Group, Inc. (TSE:HCG), with offices in
Toronto, St. Catharines, Hamilton, Calgary, Vancouver, and Halifax.
The agreement marks a first for Certegy in establishing a card
processing relationship across the northern U.S. border. Home Trust
Company is a Canadian federally regulated trust company
concentrating on meeting the financial needs of consumers including
deposits, mortgages, and credit cards. Under the terms of the
agreement, Certegy will provide a comprehensive range of processing
services for Home Trust's credit card program, including card
issuance, authorization, cardholder services, risk management,
reporting and back office support. "We are very pleased to
establish this new relationship with Home Trust," said Robert
Bream, executive vice president and group executive of Certegy Card
Services, North America. "Certegy has decades of experience
partnering with financial institutions to help them compete more
effectively, and we look forward to working with Home Trust to help
them manage their growing credit card portfolio." "Home Trust is
pleased to add the strength and capability of Certegy's card
processing services to our credit card program," said Gerald M.
Soloway, President and CEO, Home Trust Company. "This partnership
further strengthens our position in the credit card marketplace."
About Certegy Inc. Certegy (NYSE:CEY) provides credit and debit
processing, check risk management and cash access services,
merchant processing and e-banking services to over 6,500 financial
institutions, 100,000 retailers and 100 million consumers
worldwide. Headquartered in St. Petersburg, Florida, Certegy
maintains a strong global presence with operations in the United
States, United Kingdom, Ireland, France, Chile, Brazil, Australia,
New Zealand, Thailand and the Caribbean. As a leading payment
services provider, Certegy offers a comprehensive range of
transaction processing services, check risk management solutions
and integrated customer support programs that facilitate the
exchange of business and consumer payments. Certegy generated over
$1.0 billion in revenue in 2004. For more information on Certegy,
please visit http://www.certegy.com/. About Home Trust Company Home
Capital Group Inc. is a holding company, publicly traded on the
Toronto Stock Exchange (HCG), operating through its principal
subsidiary, Home Trust Company. Home Trust is a federally regulated
trust company offering deposit, mortgage lending, retail credit and
credit card issuing services. Licensed to conduct business across
Canada, Home Trust has offices in Ontario, Alberta, British
Columbia and Nova Scotia. DATASOURCE: Certegy Inc. CONTACT: Mary
Waggoner, SVP - - Investor Relations of Certegy, Inc.,
+1-678-867-8004 Web site: http://www.certegy.com/
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