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First Data extends Wels Fargo joint venture

Source: First Data

First Data (FDC) announced today that it has extended its merchant acquiring joint venture with Wells Fargo Bank, Wells Fargo Merchant Services (WFMS), until December 31, 2024.

“We are excited to extend our partnership with Wells Fargo,” said Frank Bisignano, Chairman and Chief Executive Officer of First Data. “Wells Fargo is a great institution and together we will ensure that WFMS continues to provide cutting edge technology and best-in-class service to clients. We look forward to driving growth.”

“We are pleased to extend our long-standing relationship with First Data,” said Danny Peltz, head of Treasury, Merchant and Payment Solutions at Wells Fargo. “Together, we are committed to delivering the best services and technology to merchants of all sizes.”