01 August 2015

Primax moves card processing to First Data

16 January 2014  |  812 views  |  0 Source: First Data

Primax, a premier provider of debit and credit card issuing and merchant acquiring programs, products and services, today announced that it has entered into a payments card processing service agreement with First Data, the global leader in payments processing and electronic commerce solutions.

In December of 2013, Primax closed on the transaction to acquire the processing business of New England Bankcard Association Inc. (NEBA), a Massachusetts-based association of banks that provided credit card issuing and merchant acquiring programs, products and support services for its members. The Primax acquisition of NEBA processing consolidated the current processing and servicing business of NEBA into Primax and the processing agreement, which was previously between NEBA and First Data, is now between Primax and First Data.

"Primax was the management company for NEBA from 1981 to 2013 and has many clients independent of NEBA. For this reason Primax is already very comfortable in its relationship with First Data," said Ted Keith, Jr., President and CEO of Primax. Added Ted, "First Data is a trusted resource and partner and we are proud to continue working with them to provide payment processing services for our bank, credit union and private label clients."

Stated Matt Kardell, senior vice president, First Data, "First Data is pleased to continue working with Primax to offer their clients dynamic processing and innovative product solutions to meet their customers' needs and achieve their goals. Our relationship has spanned more than three decades, and we look forward to continuing to serve as a trusted partner to Primax under our new agreement."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 


Top topics

Most viewed Most shared
ING Bank introduces voice-activated mobile...
8608 views comments | 26 tweets | 30 linkedin
Will Uber be the Uber of banking?
7105 views comments | 39 tweets | 30 linkedin
Payments and capital markets sectors domin...
5936 views comments | 16 tweets | 17 linkedin
Singapore hires Citi veteran to lead new f...
5617 views comments | 13 tweets | 5 linkedin
Stripe lands new funding; signs deal with...
5479 views comments | 16 tweets | 18 linkedin

Featured job

Basic £100K+ OTE £200K+
London

Find your next job