First Data Wins Five-Year Card Processing Extension Agreement With PSCU
biz.yahoo.com
OMAHA, Neb., Aug. 30 /PRNewswire/ -- Payment Systems for Credit Unions, Inc. (PSCU), the nation's leading credit union services organization with 500 member-owned credit unions and 6 million credit and debit card accounts, has signed a five-year contract extension with First Data Resources, the card issuing services subsidiary of electronic commerce and payments leader First Data Corp. (NYSE: FDC).
Under the agreement, First Data will provide data processing services and other card portfolio management tools to PSCU and its credit union members.
``During the past decade, First Data has been a strategic partner of PSCU as we have grown our business, and we are pleased to extend that partnership with the industry leader in card processing,'' said Dave Serlo, PSCU president. ``First Data's economies of scale, advanced technology and expertise allow us to help our credit unions nationwide successfully manage and grow their portfolios.''
First Data has provided credit and debit card processing for PSCU since 1989.
``PSCU has been a valued client over the years, and we look forward to continuing to serve them with the advanced tools and technology to serve their credit union clients,'' said Eula Adams, senior executive vice president, First Data Corp., and head of First Data's worldwide card operations. ``This extended partnership underscores First Data's role as a long-term strategic partner committed to helping issuers drive increased card usage, retention and loyalty,'' Adams added.
First Data processes for nearly 300 million accounts on file around the world. For more than 30 years, First Data has developed products and services which enable card issuers to enhance their portfolio growth, increase market share, reduce risk and improve profitability. |
