First Data and Valley National Bank Form Long-Term Referral Relationship
September 15 2017 - 7:00AM
Business Wire
First Data and Valley National Bank join forces
to enable growth for businesses across the Valley National Bank
franchise
Today First Data (NYSE: FDC), a global leader in
commerce-enabling technology, and Valley National Bank, the
wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY),
announced that they have entered into a long-term agreement to
provide secure commerce solutions for the bank’s merchant clients.
The referral relationship will provide First Data’s cutting-edge
solution suite, including First Data’s Clover platform, to Valley
National Bank’s business client base across their network of more
than 200 branches in New Jersey, New York, and Florida.
“Valley National Bank has a long history of providing its
clients with superior service, and we are thrilled to be in
business with this terrific partner,” said Chris Foskett, Executive
Vice President, Head of Business and Corporate Development, First
Data. “Like Valley National Bank, First Data is focused on bringing
personalized service and customized solutions to our clients. We
look forward to supporting Valley National Bank’s clients with our
innovative solution suite.”
“We are excited about the opportunity to partner with First Data
as we continue to focus on simplifying payment processing solutions
for our commercial clients,” remarked Valley National Bank Senior
Executive Vice President and Chief Consumer Banking Officer, Dianne
Grenz. “This new relationship will help us deliver the unique and
innovative solutions our business clients need to be successful in
today’s global commerce industry.”
As part of the long-term deal, Valley National Bank’s merchant
clients will have access to First Data’s Clover platform, a
comprehensive suite of hardware and software point-of-sale
solutions that supports businesses of all sizes. The platform
features 300 apps designed to help businesses run more efficiently,
as well as the recently-announced Clover Flex, a smart payment
terminal that fits comfortably as a handheld device or on the
countertop. The Clover platform also features Clover Capital, a
financing solution designed to help small and mid-sized merchants
meet their ongoing liquidity requirements by providing rapid access
to capital.
In addition, First Data’s Clover platform allows for easy
integration with software that caters to specific business
segments, such as restaurants, hair salons, or specialty retailers.
Through these integrations Clover can meet the unique needs of
merchants across a variety of verticals. Valley National Bank will
also have access to First Data’s eCommerce solution set, which
includes a range of tools for everyone from local small businesses
to large retailers to seamlessly accept online or mobile
transactions.
For more information, visit valleynationalbank.com/clover.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology, serving approximately six million business locations
and 4,000 financial institutions in more than 100 countries around
the world. The company’s 24,000 owner-associates are dedicated to
helping companies, from start-ups to the world’s largest
corporations, conduct commerce every day by securing and processing
more than 2,800 transactions per second and $2.2 trillion per
year.
About Valley
Valley National Bancorp is a regional bank holding company
headquartered in Wayne, New Jersey with approximately $23 billion
in assets. Its principal subsidiary, Valley National Bank,
currently operates over 200 branch locations in northern and
central New Jersey, the New York City boroughs of Manhattan,
Brooklyn, Queens and Long Island, and Florida. Valley National Bank
is one of the largest commercial banks headquartered in New Jersey
with Executive Offices in Manhattan and West Palm Beach. Helping
communities grow and prosper is the heart of Valley’s corporate
citizenship philosophy. For more information about Valley National
Bank and its products and services, please visit
www.valleynationalbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170915005173/en/
Liidia LiuksilaFirst
Data212-515-0174Liidia.Liuksila@FirstData.comorMarc PiroValley
National Bank973-686-5461mpiro@valleynationalbank.com
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