ClearCommerce and First Data Extend Relationship
ClearCommerce to Power First Data`s Online Merchant Payment Platform
Omaha, Neb., February 3, 2003 - First Data, a global leader in electronic commerce and payment services, today announced that it will expand its relationship with ClearCommerce by extending availability of the company`s online payment and risk management platform to First Data`s alliance channels.
"The volume of online payment transactions continues to grow, and First Data is committed to offering its channels the most comprehensive and flexible payment and risk management platform available," said Steve VanFleet, Senior Vice President, Product Delivery, First Data Merchant Services (FDMS). "As a leading provider of payment and risk management software, ClearCommerce enables us to meet that need."
First Data currently uses ClearCommerce software to power its LinkPoint Secure Payment Gateway. The new agreement will extend that offering as the LinkPoint gateway is rolled out to First Data`s channel partners and clients that use First Data`s transaction processing services.
"This agreement with First Data is another strong validation of ClearCommerce`s products and technology," said Robert J. Lynch, president and CEO at ClearCommerce. "Our growing roster of customers in the banking community, and First Data`s decision to expand our agreement with them, are clear signs that we are succeeding in meeting the needs of these customers."
About First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps power the global economy. Serving approximately 3 million merchant locations, 1,400 card issuers and millions of consumers, First Data makes it easy, fast and secure for people and businesses to buy goods and services, using virtually any form of payment: credit, debit, smart card, stored-value card or check at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company`s Web site at www.firstdata.com.
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