In Brief: First Data Contract Renewed

OMAHA — First Data Resources, the card processing subsidiary of Atlanta-based First Data Corp., has won a five-year contract renewal from the MidAmerica BankCard Association consortium of bank card issuers.

First Data said the consortium was its first bank card processing customer in 1971, when First Data was formed. The company now handles credit and debit card processing and some portfolio management services for the group.

The consortium includes First Financial Bank USA, Frankline Templeton Bank and Trust, Intrust, and InfiCorp. It was formed here in 1969 as a nonprofit bank card processing cooperative.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER