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PIA Press Release

PNoy launches country's first electronic payments processing center

Manila (18 November) -- The improving business climate of the Philippines becomes more apparent as President Benigno S. Aquino III will launch and keynote the country's first Global Payments Processing Center Inc. (GPPC) at the Robinsons Cybergate Plaza in Mandaluyong on Thursday, November 18).

GPPC is a leading provider of electronic payments transaction processing services with clients in the United States, Canada, United Kingdom, Asia Pacific region, Czech Republic and Russia.

Reports coming from the PCOO website indicated that the President will lead the "torch lighting" ceremony assisted by four Global Payments Inc. officials. He will then unveil the company emblem to signal the formal launching of GPPC. On his way to the program venue, the President will have the chance to tour and inspect the work stations and other facilities of the company.

President Aquino will be welcomed at Robinson's by Lance Gokongwei, chairman of the Robinsons Land Corp. and Claire Ann Yap, senior vice president and head of the Global Service Center.

At the Global Payments' office, the President will be received by Trade and Industry Secretary Gregory Domingo, Paul Garcia, chairman/CEO of the Global Payments; Morgan Schuessler, chief administrative and operations officer of Global Center, Vincent Perrell Jr., credit and operations officer, Global Center and Ian Courtnage, president Global Payments Asia-Pacific.

Ms. Yap will deliver the welcome remarks followed by an overview by Garcia of the company's global operations and the President's message.

GPPC serves as an intermediary in facilitating payment transactions. Its registered revenues for the fiscal year ending May 2010 was at $1.6 billion.

Employing about 3,600 people worldwide, the company operates in two business segments namely North America and International Merchant Services. (PIA 8) [top]

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