Mauch Chunk Trust Company renews First Data deal

Source: First Data

First Data Corporation, a global leader in electronic commerce and payment processing, today announced that it has signed an agreement renewing its relationship with Mauch Chunk Trust Company.

Based in Jim Thorpe, Pa., Mauch Chunk Trust Company is a community bank that serves Jim Thorpe and the surrounding communities with six branch locations and eight ATMs. 

First Data provides consumer and business debit card processing, ATM terminal driving, fraud and risk management solutions, card production, merchant services, Card Activation and VRU PIN Now interactive voice response (IVR) services, and STAR Network membership to the bank. STAR is one of the nation's leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a First Data company.

As part of this renewal, Mauch Chunk Trust Company has also chosen to add First Data's Real Time CMA - a web interface that allows it to fully integrate its debit card maintenance activity with its core system in real time, eliminating dual entry of card record updates.

"We view First Data as a strategic partner that brings a unique perspective to the relationship, based on the breadth of their payments solution offering and their industry experience," said Patrick H. Reilly, president and CEO of Mauch Chunk Trust Company. "This holistic perspective continues to be valuable in helping us navigate the payments landscape."

"The goal of our long-term relationship with Mauch Chunk Trust Company has been to help drive their success," said Matt Kardell, senior vice president, financial institutions, First Data. "They can rely on First Data's industry-leading spectrum of products and services, as well as our deep expertise, to provide both consumers and business customers the service and capabilities they are demanding."

Terms of the agreement are confidential. 

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