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Information technology services industry

First Data Corp. and Washington Mutual Extend STAR Network Relationship

Strategic Insights

— 1 min read

First Data Corp. and Washington Mutual, Inc. have agreed to extend their partnership on the STAR Network, with Washington Mutual continuing to provide access to the STAR ATM and point-of-sale network. This extension enables Washington Mutual customers to securely use their debit cards at STAR-accepting locations nationwide. As a result, millions of consumers will continue to have convenient access to their cash and be able to make purchases with their debit cards. This agreement underscores the importance of electronic commerce and payment services in today's global economy.

Key Takeaways:

  • Washington Mutual has agreed to extend its relationship with First Data Corp. on the STAR Network, a nationwide ATM and point-of-sale network.
  • The STAR Network offers PIN-secured debit acceptance at over 261,000 ATMs and 1 million point-of-sale locations nationwide.
  • STAR processes nearly 7 billion transactions a year, providing convenient access to cash and debit transactions for millions of consumers.
  • First Data serves approximately 3.5 million merchant locations, 1,400 card issuers, and millions of consumers worldwide.
  • The company offers a range of payment services to businesses globally, including in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, Panama, Brazil, China, the Netherlands, the Middle East, and Germany.
  • First Data's Western Union and Orlandi Valuta money transfer networks include approximately 195,000 agent locations in more than 195 countries and territories.

Statistics:

  • 261,000: The number of ATMs on the STAR Network.
  • 1,000,000: The number of point-of-sale locations on the STAR Network.
  • 7,000,000,000: The number of transactions processed by the STAR Network annually.
  • 3,500,000: The number of merchant locations served by First Data worldwide.
  • 1,400: The number of card issuers served by First Data.
  • 200: The number of countries and territories with First Data's Western Union and Orlandi Valuta money transfer networks.

Sources:

  • First Data Corp. press release.
  • "About First Data" webpage, First Data Corp. website.
  • "The STAR Network" webpage, STAR website.

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