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Information technology services industry

First Data Corp. Extends Contract with Nationwide Building Society for Comic Relief Credit Card

Strategic Insights

— 1 min read

First Data Corp., a global leader in electronic commerce and payment processing, has signed an additional three-year contract with Nationwide Building Society, a UK-based financial institution, to continue processing transactions for the popular Comic Relief credit card. The new agreement commences in 2005 and will run through 2008. As part of the contract, First Data will also provide call-center services to Nationwide, including supporting Comic Relief's bi-annual "Red Nose Day" fund-raising event.

Key Takeaways:

  • First Data Corp. has extended its card-processing contract with Nationwide Building Society for three years, beginning in 2005 and expiring in 2008.
  • The contract includes call-center services, enabling Nationwide to support Comic Relief's charitable efforts, including the bi-annual "Red Nose Day" event.
  • First Data has been processing cards for Nationwide since the 1990s, and this new agreement marks an extension of their partnership.
  • Comic Relief, a charity supported by the Comic Relief credit card, raises funds to eliminate poverty and social injustice in the UK and other countries.
  • First Data's call center has been utilized to accept donations for Comic Relief, supporting the charity's community outreach initiatives.

Statistics:

  • 3 years: Duration of the new contract between First Data Corp. and Nationwide Building Society.
  • 2005: Start date of the new contract between First Data and Nationwide.
  • 2008: Expiration date of the new contract between First Data and Nationwide.
  • 1990s: Period when First Data Corp. began processing cards for Nationwide Building Society.
  • Red Nose Day: Bi-annual fund-raising event organized by Comic Relief to raise awareness and funds for charitable causes.

Sources:

  • CardLine from First Data's U.K. headquarters in Essex, England (no date).
  • Youtube (no date).
  • Thomson Media Inc. - http://www.thomsonmedia.com (no date).
  • Cardforum - http://www.cardforum.com (no date).

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