National City renews First Data card processing deal
Electronic commerce and payments leader First Data Corp. today announced that National City Bank (NYSE: NCC) has agreed to a long-term contract extension for its debit and credit card portfolios currently processed by First Data.
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First Data will continue to provide comprehensive processing services for 5.6 million signature debit card accounts and 3.8 million credit card accounts. Terms of the contract were not disclosed.
"We're very pleased to extend our relationship with this very valuable client," said Susan Henricks, president of First Data's financial institution business. "I think we've demonstrated over the years that we're committed to investing in the product and service innovations that help financial institutions like National City grow and protect their customer relationships."
National City is also a member of First Data's STAR Network, a coast-to-coast electronic payments network specializing in secure, real-time purchase and ATM transactions. First Data's relationship with National City extends back to 1996.