DENVER, Oct. 3 /PRNewswire-FirstCall/ -- First Data Corp., today announced
an agreement to provide its TeleCheck check verification and recovery services
to all Albertsons, Inc. store locations.
With TeleCheck's check verification service, merchants can accept checks
with confidence knowing that they have the industry's most sophisticated check
approval system backing them up. First Data's TeleCheck has the industry's
largest database of check-writer information to help merchants maximize
efficiency when authorizing checks at the point of sale. TeleCheck's recovery
services further streamline check acceptance by simplifying back-office
operations.
"TeleCheck is providing Albertsons an end-to-end solution designed to
improve margins on check transactions for grocers," said Carl Mazzola, general
manager, TeleCheck. "Its databases allow merchants to make better decisions
at the POS when accepting checks and its recovery services afford merchants
more time to focus on their customers and the core business of selling
groceries."
About First Data Corp and TeleCheck Services, Inc.
TeleCheck Services, Inc. is a subsidiary of First Data Corp. (NYSE: FDC).
With global headquarters in Denver, First Data helps power the global economy.
As a leader in electronic commerce and payment services, First Data serves
approximately 3 million merchant locations, 1,400 card issuers and millions of
consumers, making it easy, fast and secure for people and businesses to buy
goods and services using virtually any form of payment. With 29,000 employees
worldwide, the company provides credit, debit, smart card and stored-value
card issuing and merchant transaction processing services; Internet commerce
solutions; money transfer services; money orders; and check processing and
verification services throughout the United States. First Data also offers a
variety of payment services in the United Kingdom, Australia, Canada, Japan,
Mexico, Spain, the Netherlands, the Middle East and Germany. Its Western
Union and Orlandi Valuta money transfer networks include a total of
approximately 165,000 Agent locations in more than 195 countries and
territories. TeleCheck is the world's leading provider of paper and
electronic check services helping more than 375,000 retail, financial
institution, grocery and other industry clients to increase their
profitability, reduce risk and streamline operations. For more information,
please visit the company's Web site at http://www.firstdata.com .
About Albertsons, Inc.
Albertsons is one of the world's largest food and drug retailers with
annual revenues of approximately $36 billion. Based in Boise, Idaho, the
Company employs more than 200,000 associates and operates approximately 2,300
retail stores across the United States, under banners including Albertsons,
Jewel-Osco, Acme, Sav-on Drugs, Osco Drug, Albertsons-Osco, Albertsons-Sav-on,
Max Foods and Super Saver.
FDC-1
SOURCE First Data Corp.
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Related links:
http://www.firstdata.com
CONTACT:
Jeff Fowler of First Data Media Relations,
+1-713-331-7359, jeff.fowler@firstdatacorp.com
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