SAN FRANCISCO - Visa U.S.A. said it selected units of First Bank System Inc. and CoreStates Financial Corp. to develop credit card-processing systems for its commercial-card programs.
Visa said it requires processing systems that would give users of its three corporate products - for procurement, travel, and small businesses - a high level of documentation and control.
Rocky Mountain BankCard System of Denver, the chosen unit of Minneapolis-based First Bank System, pioneered the bank procurement-card business in the 1980s with a program for federal government employees. Also named by Visa was Synapsys Inc., a newly formed card-processing unit of CoreStates Bank of Delaware.
MasterCard International in August certified Total System Services Inc. of Columbus, Ga., to process its purchasing card.