Associated Bank Renews with First Data; 25-Year Relationship Continues.DENVER -- Electronic commerce and payments leader First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ) today announced that Associated Banc-Corp Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. As of early 2007, it had $20.8 billion in assets and was the 41st largest bank holding company in the United States.[1] The company has over 5101 employees. has renewed its agreement for processing services. First Data will continue to provide comprehensive processing services for credit cards connected to Associated's Home Equity line of business as well as general business credit cards. In addition to card processing, First Data will continue to provide statement printing and mailing, plastics personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. , and fraud and risk monitoring tools. This agreement renews a relationship that has been in existence for more than 25 years. "For more than 25 years, First Data has provided us with the right technology at the right time, to help us build stronger, more valuable relationships with our customers," said Val Glytas, Associated's consumer loan and card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. director. "We look forward to continuing to benefit from their products and services as they continue to enhance their processing to provide even more ease of use and functionality." "First Data's processing system delivers world-class functionality that is equal to or better than any competitor," said David Bailis, president, First Data Financial Institution Services. "This renewal is another example of the confidence our clients have in us to deliver value in systems, functionality and price." The multi-year contract extension is effective immediately. Financial terms were not disclosed. About First Data First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses and consumers worldwide. Serving 4.6 million merchant locations, 1,500 financial institutions and millions of consumers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes credit, debit, private-label, gift and other prepaid card issuing and merchant transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services; money transfer services; money orders; fraud protection and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with Orlandi Valuta and Vigo, make up one of the world's largest money transfer networks with more than 271,000 Agent locations in more than 200 countries and territories. The company's STAR Network offers PIN-secured debit acceptance at 1.9 million ATM and retail locations. For more information, visit www.firstdata.com. About Associated Banc-Corp Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified multibank holding company Noun 1. multibank holding company - a bank holding company owning several banks bank holding company - a holding company owning or controlling one or more banks with total assets of $22 billion. Associated has more than 300 banking offices serving more than 170 communities in Wisconsin, Illinois, and Minnesota. The company offers a full range of traditional banking services and a variety of other financial products and services. More information about Associated Banc-Corp is available at www.AssociatedBank.com. FDC-1 |
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