First Data Corp. and Peoples Trust Sign Long-Term Agreement for Card Processing Services

First Data Corp., a global leader in electronic commerce and payment services, has signed a long-term agreement with Canada-based Peoples Trust to provide card processing services for Peoples Trust's secured card MasterCard(R) accounts. This partnership will enable Peoples Trust to expand its credit card product offering and benefit from First Data's advanced technology and scale of resources. First Data has been providing card processing services in Canada since 1998 and is a leading merchant acquirer of MasterCard transactions in Canada.

Key Takeaways:

• First Data Corp. will provide card processing services for Peoples Trust's secured card MasterCard(R) accounts as part of a long-term agreement.
• The partnership will enable Peoples Trust to expand its credit card product offering and benefit from First Data's advanced technology and scale of resources.
• First Data has provided card processing services in Canada since 1998 and is a leading merchant acquirer of MasterCard transactions in Canada, working with over 85,000 outlets.
• Peoples Trust is a leading financial institution in the Canadian marketplace, providing a variety of specialty services to clients.
• First Data will provide advanced processing capabilities to support Peoples Trust's long-term growth and profitability objectives.

Statistics:

• First Data has been providing card processing services in Canada since 1998.
• First Data is a leading merchant acquirer of MasterCard transactions in Canada, working with over 85,000 outlets.
• First Data's Western Union and Orlandi Valuta money transfer networks include approximately 195,000 agent locations in more than 195 countries and territories.

Sources:

• "First Data Corp. Announces Long-Term Agreement with Peoples Trust", PR Newswire, (no date mentioned)
• First Data Corp. corporate website: "About Us"