Argencard S.A., Buenos Aires, Argentina, is an electronic transaction processing company and a merchant network administrator. The company also holds the license of MasterCard International for issuing, processing and acquiring MasterCard cards both in Argentina and Uruguay. Through one of its subsidiaries, Posnet, S.A., the company also operates the largest POS devices network of Argentina, which captures credit card and other types of transactions. We participated in the leveraged recapitalization of Argencard in 1995 and sold our position for cash in 2006 to First Data Corporation.

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