CardWorks Servicing renews First Data processing contract

Source: First Data

CardWorks Servicing, LLC of Woodbury, N.Y., has renewed its credit card processing agreement with global electronic and payments processing leader, First Data Corporation.

CardWorks Servicing provides account servicing, operational support and portfolio management to credit card issuers and acquirers, and services credit cards, national debit cards, prepaid cards and other card products. Working together since 1993, First Data and CardWorks will continue to deliver processing support and customer service to bankcard issuing customers for another five years.

"As a long-time partner, First Data has consistently delivered for us. The depth and breadth of their services helps keep us on the leading edge of the payments business," said Don Berman, chairman and CEO of CardWorks.

"Our long-standing relationship with CardWorks demonstrates the trust that First Data has earned over the years and continues to earn every day in helping CardWorks service its customers," said Kevin Schultz, president, First Data Financial Services. "We look forward to bringing even more value to the relationship through our commitment to innovation and efficiencies so that CardWorks can continue to build relationships with its customers."

Financial terms of the agreement remain confidential.

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