First Data's "Evolve"

OMAHA, Neb. - First Data Resources, a unit of First Data Corp., said its new First Data Evolve Suite, powered by Pegasystems technology, will help card issuers lower expenses while improving other aspects of their card programs. The product will be issued as an Application Service Provider. Card issuers will be able to use PC browser technology to access the Evolve applications, eliminating the need to purchase and maintain an in-house system. Evolve, jointly developed by First Data and Pegasystems, Inc., supports and automates process management, account handling, and call management for such functions as processing credit applications, managing collections, and handling customer service queries. First Data currently processes transactions for approximately 260 million card accounts worldwide. For more information visit www.firstdatacorp.com.

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