First Data Renews Card Processing Agreement with MABA

Thursday 19 May 2005 14:09 CET | News

Electronic commerce and payments leader First Data Corp. announced that it has signed a multi-year contract extension with MidAmerica BankCard Association (MABA).

MABA was First Datas first bankcard processing client when First Datas Card Issuing Services business unit was formed more than 30 years ago. Under the extended agreement, MABA will continue to take advantage of credit card transaction processing and other card portfolio management services provided by First Data for its 3.5 million accounts. Zions Bancorporation, a MABA member, will continue to use First Data processing for its 660,000 signature-based debit cards. MABA was originally formed in Omaha, Neb., in 1969 as a non-profit bankcard processing cooperative. Its members are 1st Financial Bank USA, Franklin Templeton Bank & Trust F.S.B., InfiCorp, INTRUST Bank and Zions Bancorporation. In 1971, First Data was incorporated to become a for-profit organization providing processing services to MABA.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce