First Data Signs Long Term Joint Marketing Agreement With International
Cybertrans, L.L.C.
First Data Merchant Services to Provide Merchant Processing
ATLANTA, Aug. 25 /PRNewswire/ -- First Data Merchant Services (FDMS), one
of the nation's leading providers of electronic commerce solutions for
hundreds of financial institutions and nearly two million businesses, and a
subsidiary of First Data Corp. (NYSE: FDC), today announced it has signed a
long term merchant processing and joint marketing agreement with International
CyberTrans, L.L.C, an Independent Sales Organization (ISO) and one of the
leading bankcard and information processing service providers.
The merchant processing agreement includes transaction and authorization
processing, settlement and other services to International CyberTrans
merchants. The agreement also includes a marketing component to assist
International CyberTrans in growing their business. Using FDMS' Omaha
platform, which is used by many of the industries' largest Independent Sales
Organizations, services will be provided including wireless point-of-sale
terminals and the First Data SurePay(R) payment gateway. The SurePay(R)
payment gateway is the industry's first stand-alone payment gateway that
supports electronic credit, check and cash payments over the Internet.
"International CyberTrans' selection of First Data Merchant Services
exemplifies First Data's ability to innovate and provide unique solutions to
assist clients in exceeding market growth rates," said Kurt Strawhecker,
senior vice president, First Data Merchant Services."
"We chose to work with First Data Merchant Services because their unique,
customized solutions will promote International CyberTrans' rapid growth,"
said Joyce Cook, Chief Executive Officer, International CyberTrans and
original founder of the Electronic Transaction Association (ETA).
"We examined other vendors in the marketplace for alternative solutions,
but all of our research pointed to First Data Merchant Services as the best
choice for a strong product set, outstanding support and service levels, and a
strong commitment to the acquiring business that will help us achieve our
aggressive growth plans," said Martin Hilber, President & COO, International
Cybertrans.
About First Data
Atlanta-based First Data Corp. (NYSE: FDC) helps move the world's money.
As the leader in electronic commerce and payment services, First Data serves
more than two million merchant locations, 1,400 card issuers and millions of
consumers, making it easier, faster and more secure for people and businesses
to buy goods and services using virtually any form of payment. With more than
30,000 employees worldwide, the company provides credit, debit and
stored-value card issuing and merchant transaction processing services;
Internet commerce solutions; money transfers and money orders; and check
processing and verification services throughout the United States, United
Kingdom, Australia, Mexico, Spain and Germany. In addition, its Western
Union(R) network includes approximately 90,000 agent locations with operations
in 182 countries and territories. For more information, please visit the
company's Web site at firstdata.com.
About CyberTrans
Nashville Tennessee based International CyberTrans(ICT) is one of the
leading bankcard and information processing service providers. ICT's
corporate officers are pioneers in the payment processing industry. Today,
ICT provides automated payment solutions for merchants in retail, hospitality,
healthcare, travel, lodging, direct marketing, business to business and
e-commerce industries and continues to grow through commitment to product
innovation, technical superiority and unparalleled customer service. ICT is
fully registered and fully certified by VISA USA and MasterCard International.
Contact number at ICT is 615-661-8020.
SOURCE First Data Corp.
-0- 08/25/2000
/CONTACT: Maria Neder, 631-843-6239, maria.neder@firstdata.com, or
Barbara Perduex, 631-391-7503, barbara.perduex@firstdata.com, both of First
Data Merchant Services; or Joyce Cook of CyberTrans, 615-661-8020,
jcook@cybertrans.com/
/Web site: firstdatacorp.com
(FDC)
CO: First Data Corp.; International CyberTrans
ST: Georgia
IN: CPR MLM FIN
SU: FNC
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