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Vendor News

Industry developments from the global payroll vendor and research community.

First Data Introduces Local Payments Solution

To meet the increasing demands of global commerce and a borderless economy, First Data announced the availability of the First Data® Local Payments solution, which will provide digital businesses and their customers with access to 195 local payment options. With this solution, merchants can manage varying online payment methods through a single interface, facilitating payment methods including direct debit, cash/voucher payments, payment wallets, and more.

Shane Fitzpatrick, Global Head of eCommerce at First Data, said 57% of global consumers shop across international borders, and as many as half can potentially end a sale if their payment choice is not offered.

“There has been a significant increase in cross-border shopping in recent years, and while geography is no longer a transactional barrier for eCommerce, payment methods can be a hurdle,” Fitzpatrick said. “First Data’s Local Payments solution empowers businesses to accept payments in the methods their customers prefer, all through a single-source provider, no matter where they are located.”

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Visa, Klarna Plan Partnership Deal

Visa and Klarna, one of Europe’s online payment companies, have reached an agreement for Visa to invest in Klarna and to develop a future strategic partnership.

The investment and planned partnership demonstrate both companies’ shared vision to accelerate online and mobile commerce for the benefit of consumers and merchants across Europe. Klarna CEO and Co-Founder Sebastian Siemiatkowski said the partnership is a natural fit.

“We both understand consumer credit and the value of consumer centricity in developing innovative payment solutions," Siemiatkowski said. "Klarna continually strives to offer the most advanced choice-of-payment solutions for our merchants and give consumers the smoothest buying experiences. Partnering with Visa will give us the opportunity to strengthen our global presence and product portfolio by leveraging our combined assets. We are excited about the possibilities of what we can do together."

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Conduent Appoints CEO for Jamaica

Conduent Incorporated has named Leroy Reid as CEO, Conduent Jamaica. Previously the country leader of Conduent Jamaica, Reid will assume greater responsibility for the overall management and direction of the company and oversee more than 6,000 employees based in Montego Bay, Portmore, and Kingston.

“Jamaica is home to one of Conduent’s largest delivery centers, and our employees are key to the success of our operations,” Reid said. “As CEO of Conduent Jamaica, I will focus on improving our operational excellence and delivering a benchmark employee experience, to the benefit of both customers and employees alike.”

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