Orlandi Valuta, a subsidiary of First Data
Corp., Banco Nacional de MÃ©xico, S.A. (Banamex) and California
Commerce Bank announced that they have entered into an agreement
that will facilitate consumer money transfers to and from Mexico.
Banamex and CCB, both subsidiaries of Grupo Financiero Banamex-Accival
(Banacci), will become a principal agent in Mexico for Orlandi Valuta consumer
money transfers. As MexicoÂs leading bank, Banamex will offer Orlandi Valuta
money transfer services at its approximately 1,700 bank branch and sub-agent
locations within the next few days, strengthening the Orlandi Valuta agent
network in Mexico, which currently includes more than 900 locations throughout
Mexico. With Banamex, Orlandi Valuta will now offer customers the added
convenience of receiving their money transfers in the form of a cash pay-out,
improving upon the companyÂs current check-based disbursement.
ÂWe are very pleased to establish this alliance with Orlandi Valuta,” said
Manuel Medina Mora, chief executive officer for Banacci. ÂThe new services
offered under our agreement will provide even greater value to consumers
sending money to and receiving money in Mexico. The simplified process backed
by BanamexÂs ability to pay cash throughout Mexico will ensure a safe,
and convenient way for consumers to send their hard earned money home.Â
ÂThe simplicity and confidence offered to consumers as a result of our
agreement between Banamex and Orlandi Valuta greatly improves the ability for
Orlandi Valuta customers to send their money home quickly and safely,Â said
Charles T. Fote, president and chief operating officer for First Data Corp.
ÂOrlandi Valuta has been a leader in providing a simple and secure money
transfer service to Mexico, this agreement with Banamex extends that
position to the benefit of our customers.Â
Grupo Financiero Banamex-Accival is Mexico’s leading financial group.
a universal banking strategy, the Group offers a variety of financial services
to companies and individuals, which include commercial and investment banking,
insurance, and fund management. Banamex, founded in 1884, is MexicoÂs leading
commercial bank in terms of equity.The Bank has an extensive distribution
network of more than 1,300 branches and 3,000 ATMÂs located throughout the
About California Commerce Bank California Commerce Bank provides full banking
services for companies and individuals that do business in Mexico and the
United States. As part of Grupo Financiero Banamex-Accival, CCB is the U.S.
banking arm of Banco Nacional de Mexico (Banamex), Mexico’s leading bank. As
such, CCB is the gateway to and from Mexican financial markets. With over $2.1
billion in assets and advanced international information technology systems,
CCB is a valued resource for customers with interests, which cross national
boundaries. For more information, visit California Commerce Bank at www.ccbusa.com.
About Orlandi Valuta
Orlandi Valuta, a subsidiary of First Data Corp. (NYSE FDC) provides same day
and next day electronic money transfer service from the United States to
locations in El Salvador, Honduras, Guatemala and all 32 states in Mexico. In
operation since 1986, Orlandi Valuta has established a safe and reliable agent
network with more than 4,500 locations.
About First Data Corp.
Atlanta-based First Data Corp. (NYSE FDC) powers the global economy. Serving
nearly 2.5 million merchant locations, more than 1,400 card issuers and
millions of consumers, First Data makes it easier, faster and more secure for
people and businesses to buy goods and services, using virtually any form of
payment credit, debit, stored-value card or check at the point-of-sale, over
the Internet or by money transfer. For more information, please visit the
companyÂs Web site at www.firstdata.com.