Comercia Global Payments Launches Interest-Free Installment Payment Program in
BARCELONA, Spain and ATLANTA, Nov. 15, 2012 /CNW/ - Comercia Global Payments
EP, S.L, a joint venture between the U.S.-based Global Payments Inc. (NYSE:
GPN) and "la Caixa," the largest retail bank in Spain, today announced the
companies have launched an interest-free Installment Payment Program in Spain.
Merchants throughout Spain can now offer customers the convenience of
interest-free installment payments over a three, six or 12-month period for
qualifying purchases using their "la Caixa" credit card.
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO )
This innovative installment payment product offers zero interest on credit
card purchases during the installment period, instant customer approvals at
the point-of-sale and minimal merchant set-up. Installment Payment Program is
operationally streamlined for merchants as the Comercia Global Payments
point-of-sale terminal automatically detects any "la Caixa" credit card
purchase over the qualifying amount and offers the option for installment
payments. The product is particularly suited for merchants looking to
increase high-ticket sales items such as jewelry, consumer electronics, travel
and hospitality, lifestyle products and telecommunications.
"Installment Payment Program is a win-win for the 'la Caixa' cardholder and
our merchant customers in Spain," said Sid Singh, senior vice president and
global head of product at Global Payments Inc. "Economic conditions continue
to be challenging in the local markets, as Spanish consumers look for more
value and convenience, and merchants want to continue to sell their
high-ticket products and services."
Comercia Global Payments, formed in 2010, is a joint venture between Global
Payments and "la Caixa" to provide merchant acquiring and payment processing
services to merchants throughout Spain.
"la Caixa" is the leading financial group in Spain and the largest network in
the Spanish financial system with 13 million customers, 6,000 branches and
10,000 ATMs, It also holds a leading position in online banking through Linea
Abierta, with 8.6 million customers; mobile phone banking, with more than 2.6
million customers and the highest number of financial service users in Spain;
and electronic banking, with 12.5 million cards in circulation. "la Caixa"
undertakes the banking activity indirectly through CaixaBank. Visit
http://www.lacaixa.com/corporate/home_en.html for more information about the
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic
transaction processing services for merchants, Independent Sales Organizations
(ISOs), financial institutions, government agencies and multi-national
corporations located throughout the United States, Canada, Europe and the
Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a
comprehensive line of processing solutions for credit and debit cards,
business-to-business purchasing cards, gift cards, electronic check conversion
and check guarantee, verification and recovery including electronic check
services, as well as terminal management. Visit www.globalpaymentsinc.com for
more information about the company and its services.
Media Relations Contacts
"la Caixa" Direccion Corporativa de Comunicacion Phone: Tel: +34 93 404
7468 / 8108 Email: firstname.lastname@example.org http://prensa.lacaixa.es/caixabank
Global Payments Inc. Amy W. Corn Phone: +1 678.643.2565 Email:
SOURCE: Global Payments Inc.
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-0- Nov/15/2012 21:31 GMT
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