ATLANTA - First Data Corp., the electronic commerce and payment service in Atlanta, has begun providing transaction processing services for BMW Bank of North America, a subsidiary of BMW Financial Services NA of Salt Lake City.
First Data's credit card service subsidiary First Data Resources will process BMW's new Visa card payments.
BMW Bank, the Internet-only bank of the Munich-based German car manufacturer, introduced the BMW Ultimate Card earlier this month. The credit card awards point with every purchase that can be redeemed for rewards designed specifically for BMW drivers. The bank will roll out the BMW Card, a Visa Platinum card, in August.
"First Data is delighted to begin a partnership with one of the world's most recognized brands," said Richard A. Zehnacker, managing director of business development at First Data Resources.