First Data and Associated Bank sign multi-year renewal

Source: First Data

First Data Corporation, a global leader in electronic commerce and payment processing, and Associated Bank announced today the companies have signed a long-term merchant services renewal agreement.

Through the agreement, First Data will continue to provide merchant processing services to the bank's business clients nationwide, from large national merchants to local business owners. The bank's clients will have access to a comprehensive line of electronic payment solutions, including acceptance of all major credit cards including PIN and signature-based debit cards, gift cards, customized reporting and electronic check verification services.

"Associated Bank's relationship with First Data exceeds 30 years and they have been very supportive in fostering profitable growth of our credit, debit and merchant card services programs and products," said Val Glytas, senior vice president and director of retail payments, Associated Bank. "We formed the merchant revenue sharing alliance seven years and during this time have increased overall customer relationships by more than 700 percent. We look forward to continuing this strong relationship, which helps Associated Bank build strong long-term deposit relationships. We are proud to continue to add value to our mutual business and commercial customers."

"First Data has a longstanding, mutually successful relationship with Associated Bank, and we are proud to extend our agreement," said Neal Korzekwinski, senior vice president, First Data. "Our ability to provide mission critical products and services to the commercial clients of Associated Bank has been the cornerstone of our enterprise. We look forward to our continued growth together."

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