Source: Amcore Financial
AMCORE Bank (Nasdaq: AMFI) and First Data Corp. (NYSE: FDC) today announced a long-term merchant services alliance. According to the agreement, First Data will provide all merchant payment processing and service for new customers on behalf of AMCORE Bank.
First Data will provide AMCORE Bank merchants with customer service, marketing and sales support, equipment servicing and training and payment processing including authorization, settlement, chargeback, reconciliation, credit, debit, gift card, check verification and check guarantee services.
"Our merchant clients want the most competitive, cost-effective and technologically advanced processing services available so they can make the best of the latest consumer payment trends," said Lori Wazny, treasury management product manager, AMCORE. "With the largest selection of products and services, next day funding and faster processing, we chose First Data to help AMCORE meet our merchants' needs, build stronger relationships and enhance our ability to attract new customers."
"This agreement provides AMCORE Bank a resource to expand their merchant services program and demonstrates First Data's continued commitment to helping our bank partners attract new clients and add revenue," said John Shlonsky, president, First Data Merchant Alliance Services. "AMCORE's strong reputation and branch distribution network in the Midwest combined with First Data's scale, payments expertise and flexibility will help bring more merchants in the area, big or small, the superior service and flexibility they need to grow their business."