First Data Corp. announced a seven-year agreement to provide credit card and merchant processing services to four affiliate banks of Hongkong & Shanghai Banking Corp.
The four-Hongkong Bank and Hang Seng Bank Ltd. of Hong Kong, Marine Midland Bank of Buffalo, and Midland Bank of London-are part of the HSBC Group.
First Data will set up a processing facility in Hong Kong for the card transactions in Asia. The facility will process transactions for 110,000 merchant locations and 6.2 million cards.
Separately, First Data said it has promted Michaele N. Gilligan to executive vice president of conversions for First Data Merchant Services, where she will oversee merchant changeovers to credit-debit card authorization terminals.
Ms. Gilligan, 49, was most recently senior vice president in charge of bank alliance and processing conversions. She will report to Sonny Martin, president of First Data Merchant Services' client merchant services division.