First Data and Bank One Sign Agreement for Processing Transition
December 16 2003 - 2:49PM
PR Newswire (US)
First Data and Bank One Sign Agreement for Processing Transition
OMAHA, Neb., Dec. 16 /PRNewswire-FirstCall/ -- First Data Corp. , a
national leader in electronic commerce and payment services, today
announced that it has agreed to continue providing card processing
services, including output services, to Bank One beyond June 30,
2004 and up to September 30, 2005 at the parties' discretion. The
agreement resolves a pending arbitration. Financial terms of the
agreement were not disclosed. About First Data First Data Corp.
(NYSE:FDC), with global headquarters in Denver, helps power the
global economy. As a leader in electronic commerce and payment
services, First Data serves approximately 3 million merchant
locations, 1,400 card issuers and millions of consumers, making it
easy, fast and secure for people and businesses to buy goods and
services using virtually any form of payment. With 29,000 employees
worldwide, the company provides credit, debit, smart card and
stored-value card issuing and merchant transaction processing
services; Internet commerce solutions; money transfer services;
money orders; and check processing and verification services
throughout the United States. First Data also offers a variety of
payment services in the United Kingdom, Australia, Canada, China,
Japan, Mexico, Spain, the Netherlands, the Middle East and Germany.
Its Western Union and Orlandi Valuta money transfer networks
include approximately 169,000 Agent locations in more than 195
countries and territories. For more information, please visit the
company's Web site at http://www.firstdata.com/ . Contact: Nancy
Etheredge, 402-222-6214, FDC-1 DATASOURCE: First Data Corp.
CONTACT: Nancy Etheredge of First Data Corp., +1-402-222-6214, Web
site: http://www.firstdata.com/
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