BancWest Corporation Announces Agreements with First Data Debit Services; Agreements Include Renewals and New Business with Bank of the West and First Hawaiian Bank.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Electronic commerce and payments leader First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ) and BancWest Corporation today announced agreements which include renewed and new business for the financial holding company's banking subsidiaries, Bank of the West and First Hawaiian Bank. First Data Debit Services will continue to provide signature debit processing and network access for Bank of the West. Additionally, First Data will begin providing PIN and ATM driving services for Bank of the West's 1.2 million cardholders. First Hawaiian has renewed its network agreement with First Data and will begin to utilize First Data Debit Services for PIN processing and ATM terminal driving services for its 750,000 U.S. cardholders. Both Bank of the West and First Hawaiian Bank have chosen First Data's STAR(R) Network as their primary EFT network. "As we have grown, First Data has been responsive in providing both our franchises with services that allow us to fulfill our customers' banking needs," said Frank Bonetto, executive vice president of BancWest Corporation and vice chairman, Regional Banking, Bank of the West. "The First Data Corporation partnership provides First Hawaiian Bank with advanced technology so we shall be better able to offer our customers state-of-the-art solutions," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Anthony R. Guerrero, Jr., vice chairman, Branch Banking Group, First Hawaiian Bank. "We're very pleased that BancWest Corporation has chosen to renew its relationship with First Data and reaffirm its choice of the STAR Network as its primary debit network," said Todd Strubbe, president, First Data Debit Services. "Like BancWest, we place the highest priority on serving our customers' interests and are happy to be able to continue serving as their partner in providing quality customer service to their cardholders." The long-term agreement is effective immediately. Financial terms were not disclosed. About STAR First Data Corp.'s STAR(R) Network is a coast-to-coast electronic payments network and an expert in secure, real-time electronic transactions. Financial institutions rely on the STAR Network to deliver ATM access, PIN-secured debit purchasing, deposit sharing, interbank transfers and surcharge-free ATM access programs to their cardholders. The STAR Network is a leader in developing check debit, Internet and telephone bill payments, small-value payments, deposit risk management and ATM check imaging products. The STAR Network serves more than 5,700 financial institutions across the U.S. and provides cardholders with account access at approximately 1.9 million ATM and retail locations. There are approximately more than 140 million cards carrying the STAR logo. STAR has a broad footprint of distribution points across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. including the acceptance of the STAR card at approximately 5.1 million POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals. In 2005, First Data Debit Services processed 9 billion transactions. 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, 1,700 card issuers 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 solutions; check guarantee and verification services through TeleCheck; as well as Internet commerce and mobile solutions. Western Union, together with its affiliates Orlandi Valuta and Vigo, are leaders in global money transfer, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of over 270,000 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 BancWest BancWest Corporation (www.bancwestcorp.com) is a financial holding company with assets of more than $66 billion. It is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. (www.bnpparibas.com), an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group. BancWest is headquartered in Honolulu, Hawaii For the city and county of Honolulu, see City & County of Honolulu. “Honolulu” redirects here. For other uses, see Honolulu (disambiguation). Honolulu is the capital as well as the most populous community of the State of Hawaii, United States. , with administrative headquarters in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . Its principal subsidiaries are San Francisco-headquartered Bank of the West, with more than 680 banking locations in California, Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Nevada, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington State, Wisconsin and Wyoming, and Honolulu-based First Hawaiian Bank with 62 branches in Hawaii, Guam and Saipan. FDC - 1 |
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