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First Data Renews Processing Contract with Dresdner Bank |
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First Data International, has renewed its credit card processing contract with Dresdner Bank, part of the Allianz Group, for a further five years. First Data will continue to process transactions for one of the largest portfolios in the German market until at least 2012.
The portfolio comprises all Dresdner Bank's classic, gold and business cards as well as co-branding cards with Allianz - one of the most successful co-branding Visa programmes in Germany. Dresdner Bank's card strategy focuses on the introduction of innovative products (such as the credit card with a fuel bonus), and sustainable growth through further expansion of the credit card portfolio. The contract with First Data was first signed in 1999, and its extension will position First Data to also support the bank as it expands internationally. |
