Electronic commerce and payments leader
First Data Corp. (NYSE: FDC) today announced it has selected Kozo Watanabe,
48, as managing director responsible for overseeing First Data’s role in
Nihon Card Processing Co. Ltd. (NICAP) ? the first company in Japan to
outsource credit card processing services. NICAP, a joint venture company
recently established by First Data and leading Japanese companies NTT DATA,
DC Card, and DCS, began operations in March.
In addition to his managing director role, Watanabe will join NICAP’s
board of directors as representative director and deputy president
effective Oct. 1. NICAP processes approximately 6 million authorizations a
month for DC Card, an affiliate of Bank of Tokyo Mitsubishi. Watanabe will
work closely with Takahiro Tamura, president and chief executive officer
for the joint venture, from NTT Data.
“Mr. Watanabe’s broad-based financial services background and knowledge
of the Japanese marketplace will lend tremendous strength to NICAP as it
lays the foundation to decrease costs, increase efficiencies and add
flexibility for Japan’s card issuers,” said Eula Adams, senior executive
vice president, First Data Corp. and head of worldwide card operations.
Since 1997, Watanabe had served as vice president and general manager
for American Express’ Travelers Cheque Group in Japan responsible for its
overall strategic business development. Watanabe has over 25 years’
experience in the financial services industry in business and product
development roles with Sanwa Bank Ltd., Midland Bank Group and Credit
Commercial de France in Tokyo.
NICAP was formed by First Data and NTT DATA, the data processing
subsidiary of Japan’s leading telecommunications company, NTT Corp.; DC
Card, the fourth largest bankcard issuer and acquirer in Japan; and Diamond
Computer Service Co. (DCS), a large-scale information systems provider with
expertise in credit card and finance operations.
First Data Resources processes for nearly 300 million accounts on file
around the world. For more than 30 years, First Data has offered products
and services which enable clients to enhance their portfolio growth,
increase market share, reduce risk and improve profitability.
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, powers
the global economy. As the leader in electronic commerce and payment
services, First Data serves approximately 2.6 million merchant locations,
1,400 card issuers and millions of consumers, making it easier, faster and
more secure for people and businesses to buy goods and services using
virtually any form of payment. With 27,000 employees worldwide, the company
provides credit, debit, smart card and stored-value card issuing and
merchant transaction processing services; Internet commerce solutions;
Western UnionÂ® money transfers and money orders; and check processing and
verification services throughout the United States, United Kingdom,
Australia, Canada, Mexico, Spain and Germany. Its money transfer agent
network includes approximately 109,000 locations in more than 186 countries
and territories. For more information, please visit the company’s Web site