Visa U.S.A. said yesterday that it had renewed an eight-year-old agreement to buy telecommunications services from CompuServe Inc.

Under the terms of the five-year $72 million contract, CompuServe, Columbus, Ohio, will run the telecommunications network for the card group's merchant processing business shuttling credit card data between merchant point-of-sale terminals and bank-operated data bases.

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.