First USA Paymentech has won a contract to process credit card transactions for Wave Systems Corp.

New York-based Wave Systems is marketing information metering and transaction processing systems.

The First USA processing deal will allow Wave System users to add funds to their Wave CreditChip accounts on-line. Credit is added to the user's computer-based CreditChip via modem links. The user selects a major credit card, enters account information, and selects a dollar amount to be credited to the account.

First USA Paymentech, a subsidiary of Dallas-based First USA Inc., processed $24.6 billion in credit card sales and 446 million items last year. - Compiled by Robert Jennings and Mickey Meece

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