JPMorgan Chase extends First Data debit card contract

JPMorgan Chase extends First Data debit card contract

First Data Corp has signed a multi-year agreement to continue to provide processing services for debit cards issued by JPMorgan Chase Bank.

First Data, which also provides card processing and plastics production for Chase's credit card business, did not disclose financial terms of the agreement.

The company already works with JPMorgan Chase on a number of fronts, including the Chase Merchant Services joint venture - the largest merchant acquirer in the payments industry.

In July, the company was contracted to produce and mail statements and letters for several retail lines of business within the bank, including credit cards, home finance and auto finance.

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