First Data Resources (FDR), a unit of First Data Corp., said it signed a
multi-year agreement to provide transaction processing services for Advanta Financial Corp.
Omaha, NB-based Advanta is an issuer in the growing small business commercial
credit card market. Under the new agreement, First Data will provide data
processing and contingency services for Advanta’s entire commercial credit
card account base.
Hackensack, NJ-based First Data provides payment systems, electronic commerce,
and information management products and services. First Data and its principal
operating units process the information that allows millions of consumers to
pay for goods and services by credit, debit, or smart card at the point of
sale
or over the Internet, by check or wire money.
For further information about First Data, visit the company’s Web site.