First Data signs pact to service cards for Mobil.

HACKENSACK, N.J. -- First Data Corp. said it has signed a seven-year agreement with Mobil Oil Credit Corp. to service the oil company's seven million credit card customers who generate 290 million transactions each year.

Mobil will farm out data processing, credit, receivables management, customer service, card embossing, and statement printing to First Data.

"By bundling the service offerings of our card services group and ACB Business Services in the areas of data processing and collections, respectively, we were able to offer Mobil a comprehensive outsourcing solution," said Walter Hoff, FDC executive vice president.

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