OMAHA - KeyCorp has added five years to its debit card processing contract with First Data Resources.
The Omaha card processing subsidiary of First Data Corp. handles the company's 1.7 million MasterCard debit cards. First Data has processed for the Cleveland-based company since 1995. The extended contract runs through 2005.
First Data says it is the largest processor of debit card transactions for banks. The company provides point of sale and ATM processing for more than 56 million debit cards issued by 500 financial institutions.
Sarah Grotta, a senior vice president at KeyCorp, said using First Data enables it to provide "innovative debit card services, including unique cards for small businesses, consumer home equity lines of credit, and gift certificate cards."