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First Data Enters into Agreement to Purchase Citi Merchant Services Unit and Form Merchant Alliance with Citibank

Tags » Merchant Acquirers, Processors

First Data Corp. has announced the signing of a merchant services alliance agreement with Citibank. First Data will purchase Citibank's current U.S.-based Citi Merchant Services unit, which provides credit and debit card payment processing services to approximately 15,000 merchant locations, and manage that business in an alliance with Citibank.

Date: August 9, 2005 at 01:48 PM Pacific   |      |     |  StumbleUpon Toolbar Stumble It!

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