First Data and Wells Fargo Announce Extension of Joint Venture
August 15 2018 - 4:30PM
Business Wire
First Data (FDC) announced today that it has extended its
merchant acquiring joint venture with Wells Fargo Bank, Wells Fargo
Merchant Services (WFMS), until December 31, 2024.
“We are excited to extend our partnership with Wells Fargo,”
said Frank Bisignano, Chairman and Chief Executive Officer of First
Data. “Wells Fargo is a great institution and together we will
ensure that WFMS continues to provide cutting edge technology and
best-in-class service to clients. We look forward to driving
growth.”
“We are pleased to extend our long-standing relationship with
First Data,” said Danny Peltz, head of Treasury, Merchant and
Payment Solutions at Wells Fargo. “Together, we are committed to
delivering the best services and technology to merchants of all
sizes.”
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology and solutions, serving approximately six million
business locations and 4,000 financial institutions in more than
100 countries around the world. The Company’s 22,000
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 3,000 transactions per second
and $2.4 trillion per year.
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Peter PoillonInvestor RelationsFirst
Data212-266-3565Peter.Poillon@firstdata.comorAndrea DuffyPublic
RelationsFirst Data646-984-0240Andrea.Duffy@firstdata.com
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