PNC Bank Corp. has entered into merchant processing alliance with First Data Corp.

As in similar arrangements that First Data has made with other banks, the companies will set up a joint venture, known in this case as PNC Bank Merchant Services. While First Data performs processing functions, the bank will continue to own the retailer relationships.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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