17 March 2018
visit www.nextgenbanking.co.uk

Wachovia enters enterprise-wide payments deal with First Data

05 December 2001  |  2631 views  |  0 Wachovia enters enterprise-wide payments deal with First Data

Wachovia Corporation has signed a multi-year agreement with First Data for the provision of a range of payment services across its banking operations.

The agreement signals a new push by First Data to provide simplified, single-source package deals for large corporate customers.

Charles Fote, president and chief operating officer, First Data, comments: "Several First Data businesses have previously provided services both to Wachovia and to First Union, with whom Wachovia just merged. Our
one-company offering gives Wachovia a cost-effective solution that meets all of its payment services needs."

Effective immediately, First Data will begin providing payment services to the bank, including official cheque and money order processing, credit card transaction processing and loan payment services.

Lee Wright, senior vice president at Wachovia Corporation, says: "In order to provide our clients with a complete suite of banking and brokerage services, Wachovia requires a partner who can offer an array of back-office processing solutions."

Financial terms were not disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

First Data selects Arterium from Cards etc for card management

First Data selects Arterium from Cards etc for card management

23 October 2001  |  3105 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11747 views comments | 25 tweets | 5 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6742 views comments | 8 tweets | 7 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6444 views comments | 18 tweets | 17 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
6202 views comments | 12 tweets | 11 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6139 views comments | 13 tweets | 9 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job