Expanding its electronic commerce portfolio, Banctec Inc. last week announced it will do systems integration for the electronic bill presentment and payment services of MSFDC, the joint venture of First Data Corp. and Microsoft.
"Banctec has one of the largest payment processing customer bases in the world, making theirs a very key relationship," said Karen Anderson, MSFDC's technical service manager.
The MSFDC alliance is one of several deals Banctec landed in recent weeks. It also won a contract to do image-based remittance processing for FDR Ltd., a United Kingdom division of First Data Corp. Banctec will process up to 750,000 remittances, checks, and credit card transactions a week for FDR's customers.
In May, the Bank of Scotland bought Banctec's ImageFirst TPS software.