First Data and Webster Bank extend merchant services agreement

Source: First Data

First Data Corporation, a global leader in electronic commerce and payment processing, and Webster Bank, N.A., a wholly-owned subsidiary of Webster Financial Corporation [NYSE: WBS], today announced they have signed a new long-term deal extending their merchant services partnership.

First Data will continue to provide merchant processing services to Webster's customers at its 167 banking offices throughout the northeastern United States, allowing Webster clients to gain access to First Data's full range of point-of-sale payment solutions.

"We have had a successful relationship with First Data enabling us to grow our merchant business and offer a fuller breadth of merchant services to our banking customers," said John Guy, senior vice president, Business and Professional Banking, Webster Bank. "With the extension of the agreement, we look forward to continued success with First Data."

"We're extremely excited to have the opportunity to continue our partnership with Webster Bank," said Neal Korzekwinski senior vice president, First Data. "We have built our relationship around our ability to distribute innovative products and services at a local level to Webster's clients; we work hard every day to provide Webster Bank and their customers the tools and service they need for success."

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