First Data and MasterCard Processing Payments Electronically for Burger King Canada
Toronto, March 22, 2005 - Expanding upon its card processing business for Burger King® Corporation in the United States, First Data Corp. (NYSE: FDC) today announced it is now processing card payments at Burger King restaurants in Canada. First Data is handling MasterCard® card processing and settlement for 123 corporate-owned Burger King restaurants throughout Canada. This represents approximately one-third of the total number of corporate-owned Burger King restaurants in Canada.
First Data's payment processing solution in Canada supports the MasterCard Quick Payment Service (QPS) program, which eliminates the need for a signature on the receipt for purchases under $25 with a MasterCard card and greatly speeds the transaction process at point-of-sale. Burger King Canada is the largest merchant in Canada to incorporate MasterCard QPS.
"With First Data's payment processing services and the MasterCard QPS program, participating Burger King restaurants in Canada can provide guests with easier and faster service that allows them to purchase the food they love while reducing wait time," said Barbara Lee, CFO, Burger King Canada.
"We are pleased to expand our relationship with one of the most successful quick service restaurants," said Pam Patsley, president, First Data International. "Burger King Corporation is an important client and First Data is dedicated to providing innovative solutions that allow its clients to remain competitive in the marketplace."
The MasterCard Quick Payment Service program was developed specifically to support merchant environments where speed is key and purchase values are small.
"MasterCard's QPS program makes payment fast, easy and convenient," says Nagesh Devata, vice president, Commercialization, MasterCard Canada. "It's an example of developing a payment solution to serve the needs of merchants and MasterCard cardholders equally."
"As the processor of choice for Burger King Canada, First Data has the opportunity to significantly grow its presence in the Canadian quick service restaurant (QSR) market and extend delivery of convenient payment services across the country," said Peter Harrington, president, First Data International, Latin America and Canada.
About First Data
First Data Corp. (NYSE: FDC), with corporate headquarters in Denver, Colorado (USA) helps power the global economy. As a worldwide leader in electronic commerce and payment services, First Data provides credit, debit, private-label, smart and stored value card issuing and merchant transaction processing services; Internet commerce solutions; money transfer and cheque processing services globally. Its Western Union and Orlandi Valuta money transfer networks include approximately 220,000 agent locations in more than 195 countries and territories. With approximately 32,000 employees worldwide, First Data has offices throughout Europe, Asia Pacific, Latin America and North America.
About Burger King Corporation
The BURGER KING® system operates more than 11,000 restaurants in all 50 states and in more than 61 countries and territories worldwide. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees, many of them family owned operations that have been in business for decades.
Burger King Holdings Inc., the parent company, is private and independently owned by an equity sponsor group comprised of Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners. In fiscal year ending June 30, 2004, Burger King Corporation had system-wide sales of $11.3 billion. To learn more about BURGER KING, please visit the company's Web site at http://www.burgerking.com
About MasterCard International
MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless® advertising campaign is now seen in 96 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com
Julie Holan, First Data, +1.407.551.3509, email@example.com
Jennifer Reed, MasterCard Canada, +1.416.365.6664, firstname.lastname@example.org
Lisa Brenneman, Burger King Canada, 416.626.7457, email@example.com