National City Processing Co. has agreed to acquire the remittance processing business of First Data Resources Inc.

Under terms of the agreement, the Omaha-based card servicing unit will outsource all of its clients' remittance activities exclusively to National City. These functions include the opening, extracting, recording, and posting of credit card payments with paper invoices.

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.