First Data's Remitco reports new EchoStar deal

Source: First Data

First Data Corp. (NYSE: FDC), a leader in the electronic commerce and payments industry, has announced that its remittance division, REMITCO, has been awarded additional business from EchoStar Communication Corporation (NYSE: DISH).

REMITCO will begin processing an additional one million payments per month received from EchoStar's DISH Network users. This is in addition to the approximately two million payments per month that REMITCO processes already.

"REMITCO's ability to deliver high-quality remittance processing time and again was the key factor on why we granted them additional business," states Shannon Picchione, vice president EchoStar. "We know that our customers' payments will be processed accurately and promptly allowing us to focus on our business."

"We're very pleased to extend our relationship with EchoStar, a leader in the Direct Broadcast Satellite industry," states Scott Dickey, president of REMITCO. "As one of the largest remittance processing providers in the United States, we take great pride in our ability to deliver our clients specialized payment solutions, with superior quality and service."

EchoStar utilizes a full suite of solutions that REMITCO has to offer clients including full service processing, exception services, web-based image retrieval and advanced clearing solutions such as accounts receivable conversion.

Financial terms of the long-term contract were not disclosed.

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