First Data Merchant Services, a First Data Corp. subsidiary, announced that First American Payment Systems, an Independent Sales Organization, has signed a long-term contract with FDMS for merchant processing services.
Under the agreement, First Data will provide First American Payment Systems with both core accounting and front-end authorizations and capture services. This agreement is expected to bring in over 75,000 new accounts. First American Payment Systems focuses on small- and medium-sized merchants including retail, restaurant, mail/telephone order, wholesale, start-up, home- based and e-commerce.
“After weighing many options, we selected First Data Merchant Services because of their commitment to the business, program support and innovative product set,” said Neil L. Randel, president and chief executive officer of First American Payment Systems. “First Data Merchant Services’ expertise in processing combined with our experience and infrastructure translates to a winning combination to achieve our short-term and long-term goals.” “Through our partnership with top performing ISO’s including world-class First American Payment Systems, First Data Merchant Services continues to demonstrate its commitment to the ISO marketplace,” said Kurt Strawhecker, senior vice president of FDMS.
About First Data
Atlanta-based First Data Corp. is a global leader in electronic commerce and payment services. Serving more than two million merchant locations, more than 1,400 card issuers and millions of consumers, First Data makes it easier, faster and more secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, stored-value card or check at the point-of-sale, over the Internet or by money wire. For more information, please visit the company’s Web site at . About First American Payment Systems
First American Payment Systems, a privately owned corporation founded in 1990, provides full-service electronic credit card authorization and payment systems to retail, restaurant, mail order, telephone order, Internet and home- based merchants throughout the United States. First American’s other divisions include national ATM deployment, Secur-Chex(TM) check guarantee, FirstPay.Net e-commerce payment gateway and Merimac Capital point-of-sale equipment and ATM leasing. For more information on First American Payment Systems, visit the company’s Web site at .