TNB extends card services agreement with First Data
Denver and Dallas, Aug. 3, 2009 -- TNB Card Services of Dallas today announced a renewal agreement for First Data to provide credit and debit card processing services through 2014. Working with First Data since 1993, TNB offers credit and debit card processing, including STAR ATM Network services, to credit unions across the U.S. First Data also provides remittance processing services to TNB and its clients.
“Our long-term partnership with First Data allows us to deliver significant value to our credit union clients via industry-leading technology and payment systems. We renewed this agreement because First Data demonstrated it is the best partner to help us achieve our vision of helping credit unions compete in the electronic payments industry,” said Scott Wagner, executive vice president, TNB Card Services.
TNB provides its credit union clients with full-service credit and debit card processing, ATM terminal driving, and enriched card products that provide extra benefits, features and rewards as well as portfolio consulting, risk-based pricing tools and powerful fraud detection systems.
“We’re grateful to continue our relationship with TNB and look forward to bringing new services and opportunities for growth to TNB clients,” said Matt Kardell, senior vice president, Sales and Strategic Relationships for First Data’s Financial Services business unit. ”This long-term renewal with TNB is a great example of First Data’s ongoing commitment to the group service provider market.”
About TNB Card Services
TNB Card Services, owned and directed by credit unions since 1976, provides electronic payments processing for credit unions nationwide. Serving more than 550 financial institutions of all sizes and managing more than 2 million cards, Dallas-based TNB enables credit unions to enhance member loyalty through credit union-branded card products. For more information about TNB, go to www.tnbcard.com or call Mark Fenner at 1-800-422-0733 ext. 6655.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com .
Source: Company press release.
