KARACHI (APP) - First Data, a global leader in electronic commerce and payment processing services, here on Wednesday announced significant customer wins and contract renewals for FirstVisionTM, its full-service global issuing and consumer finance processing solution. A statement said that within the past six months, Co-operative Financial Services and Vanquis Bank, both headquartered in the UK, have renewed major processing contracts with First Data, ensuring they will benefit from the companys continuing investment in the FirstVision processing solution. In addition, First Data has successfully completed the migration of the card portfolios of Thai consumer finance organisation, Capital OK, and Punjab National Bank to its issuing platform in Shanghai and signed a five-year processing agreement with Unicard SpA, the cards unit of Unipol Banca in Italy. Other new customers signed during 2008 include Allied Bank and Bank Alfalah in Pakistan and Kotak Mahindra in India, the statement added. It said that FirstVision is the new name for First Datas strategic processing service and builds on the proven strengths of VisionPLUS, the platform of choice for many of the worlds leading issuers. The companys scale and strength has enabled First Data to continue to invest through the current economic downturn, focusing on the development of a single solution that delivers consistent functionality and technology in support of banks and major retailers around the world. From data centres in Argentina, China and Germany, FirstVision today supports customers across Latin America, Europe, Middle East and Asia. Nadeem Shaikh, head of Financial Institutions services for First Datas international business said: 'FirstVision is a comprehensive, flexible and functionally-rich global processing solution, differentiated by our investments in technology and product development. It is this combination of our service offering, payments expertise and geographic presence that make FirstVision an unrivalled global processing solution. And, with one single organisation responsible for delivery, we ensure faster implementation and consistent support around the world.