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Article: Card Briefs: Debit Card Processing Up 55% at First Data.(Brief Article)
- Article from:
- American Banker
- Article date:
- March 22, 1999
CopyrightCOPYRIGHT 1999 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OMAHA -
First Data Corp.'s card services division processed more than 745 million debit card transactions in 1998, a 55% increase from the year before.
First Data attributed the increase to its signing of several new debit card customers last year, plus general industry growth.
In 1998, First Data won debit processing contracts from SunTrust Banks Inc., BankBoston Corp., and Bank of New York Co., bringing the number of off-line debit card ...