First Data Resources Inc. has won a debit card processing contract from BankBoston Corp.
Under the five-year agreement, the First Data Corp. unit will provide processing and portfolio management services for BankBoston's off-line debit card program, which includes more than one million accounts.
Previously, the accounts had been processed by Deluxe Data, a division of Deluxe Corp.
"We are very pleased with First Data's flexible, advanced systems and functionality; solid, operational performance; and ability to meet our risk management and targeted marketing needs," said Serge Blinder, BankBoston senior vice president.
First Data also processes credit cards for BankBoston through an agreement with Partners First Holdings LLC, a credit card services company formed last January by BankBoston, Bank of Montreal's Harris Bank unit, and First Annapolis Consulting.