CHICAGO - Northern Trust Corp. has been selected as the processing agent for Ford Motor Credit Co.'s money market account program, the companies said Thursday.
The banking company will provide transaction processing and call center support for the program, and it will use its Web-based services to make several new services available on Ford's money market account Web site. The new services will include access to account profiles and histories, automated clearing house and wire transfers, news feeds, a stock watch list, stock quotes, and investor account alerts.
Cari Anderson, Northern Trust's corporate money market product manager, said that as the account program continues to develop, electronic bill payment and presentment, and debit cards will be added.
