One day after announcing its partnership with First USA, GE Capital announced Tuesday it is switching processors. First Data Resources will now provide card processing and other portfolio systems services for GE Capital’s card services in the U.S. GE currently uses Total System Services and handles some processing in-house. Terms of yesterday’s FDR agreement were not disclosed. First Data called the contract “a monumental win”. GE says FDR provides the “right mix of products and services to help its retail partners with incremental sales and customer loyalty”. In the U.S., GE currently has an estimated $18 billion in retail card receivables and $4.5 billion in bank card receivables according to CardData ([www.carddata.com]). GE has about a 20 million consumer customer base in the U.S.