First Data Corp.'s card services group said it has signed a letter of intent with three companies to issue the first private-label oil card in Latin America.

The three companies - Petroleos Mexicanos, or Pemex, a Mexican oil company; Banpais, a commercial bank; and Verifone de Mexico, a subsidiary of the U.S. point of sale terminal manufacturer, Verifone Inc. - expect to launch a pilot program in Mexico in September with First Data's Oil Services division.

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