First Data Corp. has bought Bank One Corp.'s transaction processing services.

The unit processes debit cards and checks for cash management accounts, credit cards for community banks and group service providers, and the majority of Bank One's Visa check cards. About 350 Bank One employees became First Data employees.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.