22 April 2018
visit www.ebaday.com

KeyBank renews Star Network transaction processing contract

06 April 2004  |  1769 views  |  0

Star Systems® (STAR), a First Data Company, today announced that it has renewed its agreement with KeyBank.

Under the terms of the long-term agreement, the STAR Network will continue to provide PIN-secured debit access at retailers and ATMs, and ATM and signature debit card processing for KeyBank's 2,200 ATMs and 4.6 million credit and debit cards.

"We're very pleased that KeyBank has chosen to renew its agreement with the STAR Network," said Ronald V. Congemi, president, STAR Systems/Debit Services. "Electronic access holds significant revenue opportunities for financial institutions, and we greatly appreciate the chance to help KeyBank be even more successful through strategically leveraging their ATM and payment channels."

"STAR's commitment to innovation will keep KeyBank on the leading edge of convenience," said Michele M. Mullee, senior vice president, Key Distribution Management. "We look forward to working with STAR in new and creative ways to expand our footprint and reach additional customers while minimizing operational costs."

In 2003, the STAR Network served 1.26 million ATM and POS locations nationwide. In February, 2004, STAR became part of the First Data family of companies. Congemi added, "As part of First Data we're looking forward to using our combined resources to deliver even more valuable services to our financial institution participants."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit http://go.jumio.com/finextraAdVisit https://aciworldwide.webex.com

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
11834 views comments | 20 tweets | 27 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
10240 views comments | 18 tweets | 32 linkedin
Revolut launches spare change savings toolRevolut launches spare change savings tool
9983 views comments | 14 tweets | 19 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
9280 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
8654 views comments | 9 tweets | 10 linkedin

Featured job

to $120K base, 200K ote, benefits
New York City, NY - USA

Find your next job