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First Data Corp. signed a three-year contract with an Egyptian ministry to manage a prepaid benefits smart card. The program initially will target monthly grocery purchases for 4.5 million families but eventually will expand to support other government benefits.
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By U.S. Bancorp and First Data Corp.December 3 -
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Despite a revenue boost it attributed largely to its joint venture with Bank of America Corp., First Data Corp. reported a $288.9 million loss for the third quarter, 76% wider than the year-earlier loss.
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ATLANTA Oct. 28, 2009 Global electronic commerce and payments processing leader First Data today announced that its STAR® Network is the first electronic funds transfer network (EFT) to launch load and reload support for STAR-branded general purpose prepaid cards.
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First Data and PayPal Team up to Offer New Online Payment Services for STAR® Network Cardholders ATLANTA & SAN JOSE, Calif.--(BUSINESS WIRE)--Global electronic commerce and payments processing leader First Data today announced an agreement with PayPal that allows debit cardholders in First Data's STAR® Network to quickly link their STAR debit card to a PayPal account online. First Data's STAR Network is the first electronic funds transfer network to offer this innovative service to its member financial institutions.
By First Data Corp. and PayPal Inc.October 8
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