First Data Announces Renewal of Contract with Wells Fargo.Agreement Includes Expanded Credit Card Processing Services 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 ) today announced that Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. has renewed and expanded its agreement for consumer credit and small business card processing services. Under the terms of the long-term agreement, First Data will continue to provide Wells Fargo with comprehensive card processing services, including statement production and mailing, plastic card personalization and fraud services for Wells Fargo's 7 million cardholders. The addition of new portfolios represents a significant expansion in the relationship between First Data and Wells Fargo. "First Data is very pleased to extend our long-term relationship with this very important client," said David Bailis, president, First Data Financial Institution Services. "We continue to make investments in technology and system features that empower our clients to build stronger, more valuable customer relationships." "Wells Fargo has enjoyed a long relationship with First Data and we are pleased to announce the expansion of our agreement," said Kevin Rhein, executive vice president and business manager of Wells Fargo Card Services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. . Wells Fargo has been a First Data client since 1971 and through the years, Wells Fargo and First Data have worked closely together to drive innovation in the payments industry. In addition to card processing services, Wells Fargo and First Data share other business relationships, including Wells Fargo Merchant Services, L.L.C., which was formed in 1993, and is jointly owned by First Data Merchant Services, a subsidiary of First Data, and Wells Fargo Bank, N.A. About First Data First Data Corp. (NYSE: FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.6 million merchant locations, 1,900 card issuers and their customers, 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 merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com. About Wells Fargo Wells Fargo & Company is a diversified financial services company with $483 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,100 stores and the Internet (wellsfargo.com), across North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and internationally. Wells Fargo Bank, N.A. has the highest possible credit rating, "AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. " from Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , and the highest credit rating given to a U.S. bank, "AA+" from Standard & Poor's Ratings Services. FDC - 1 |
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