FAIRFAX, Va. -- Mobil Corp. said it has signed a letter of intent to outsource its credit card processing to First Data Resources. Omaha.

Mobil and the unit of First Data Corp. said they hope to conclude contract negotiations within a few months.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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