OMAHA, Neb. — First Data Corporation, a leading card processorthat is currently in the process of being purchased by a privateequity firm, has renewed its processing agreement with PSCUFinancial Services. PSCU is the card processor for over 500 creditunions and, representing them, is one of First Data's top 10processing clients, according to PSCU President David Serlo.

“We're committed to helping each of our member-owner creditunions better serve their membership. We offer robust products withcompetitive pricing from a single technology provider, a providerwho not only understands our unique business needs, but who is alsoa strategic partner. First Data has been that partner for more than15 years, and we're pleased to extend that relationship,” saidSerlo in a prepared statement from First Data. “Working with FirstData allows us to help our credit unions across the countrysuccessfully manage and grow their portfolios while protectingthemselves and their members with cutting-edge fraud products.”

Serlo said that PSCU had spoken with the private equity firmthat is buying First Data and said that PSCU felt confident thatthe new relationship would only result in an even greatertechnological advantage for card issuers processing on the FirstData platform.