DENVER, Dec. 20 /PRNewswire-FirstCall/ -- First Data Corp. (NYSE: FDC)
today announced that Chevy Chase Bank has renewed its relationship with the
STAR(R) Network (STAR(R)) for PIN-secured debit services. The renewal extends
Chevy Chase Bank's current membership in the First Data STAR Network and
reflects the financial institution's continued confidence in STAR as an
industry leader in delivering PIN-secured debit access through ATMs and at the
point-of-sale (POS). Chevy Chase Bank has more than 850 ATM locations and
650,000 debit cards.
"We're excited that Chevy Chase has chosen to renew its relationship with
us," said Ronald V. Congemi of First Data Debit Services. "With this renewal,
Chevy Chase Bank will continue to benefit from STAR's extensive ATM and POS
network. And, with our suite of innovative services, we can support Chevy
Chase Bank's growing success by strategically enhancing their ATM and POS
channels."
"As the Washington D.C. metropolitan area leader in convenience banking,
Chevy Chase Bank looks forward to working with STAR and First Data to deliver
unparalleled banking convenience to our customers," said W. Scott McSween,
executive vice president of Chevy Chase Bank. "First Data's commitment to
delivering reliable and innovative PIN-secured debit services is a critical
element of our goal to provide superior service to every customer with every
interaction."
The STAR Network serves more than 1.2 million ATM and retail locations
nationwide. In February 2004, STAR became part of the First Data family of
companies.
About First Data and the STAR(R) Network
First Data Corp. (NYSE: FDC), with global headquarters in Denver, helps
power the global economy. As a leader in electronic commerce and payment
services, First Data serves approximately 3.5 million merchant locations,
1,400 card issuers and millions of consumers, making it easy, fast and secure
for people and businesses around the world to buy goods and services using
virtually any form of payment. With more than 30,000 employees worldwide, the
company provides credit, debit, private-label, smart and stored-value card
issuing and merchant transaction processing services; Internet commerce
solutions; money transfer services; money orders; and check guarantee and
verification services. The STAR(R) Network offers PIN-secured debit acceptance
at more than 1.2 million ATM and retail locations nationwide. First Data also
offers a variety of payment services to businesses around the world including
those in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, Panama,
Brazil, China, the Netherlands, the Middle East and Germany. Its Western
Union and Orlandi Valuta money transfer networks include approximately 202,000
agent locations in more than 195 countries and territories. Visit
http://www.firstdata.com or http://www.STAR.com for more information.
About Chevy Chase Bank
Chevy Chase Bank is the largest locally owned financial institution in the
greater Washington, DC market with $13 billion in assets and over $9 billion
in deposits. The bank, which is headquartered in Bethesda, Maryland, operates
more than 230 branches in the metropolitan Washington area, including more
than 50 full-service branches located inside Giant Food stores. The bank also
operates an extensive ATM network of more than 870 ATMs comprised of both
branch and offsite locations including malls, grocery stores, colleges,
airports, and a variety of local sports and entertainment venues. The branch
and ATM networks are complemented by a 7-day a week Customer Contact Center,
providing customer service and account opening by telephone as well as 24-hour
a day Automated Telephone Banking and Chevy Chase Online Banking, giving
customers the ability to bank how, when, and where they want.
Chevy Chase Bank offers a full array of banking products and services
designed to meet the needs of consumers and businesses in the marketplace.
These include checking, savings, money market, and CD accounts, the Chevy
Chase Check Card and ATM Card, and a variety of consumer and business lending
products. Plus, investment services are provided through the bank's
subsidiaries, Chevy Chase Financial Services and Chevy Chase Trust Company.
Chevy Chase Financial Services is a registered broker/dealer and a member
NASD/SIPC. Investment products offered by Chevy Chase Financial Services: are
not insured by the FDIC; are not deposits or other obligations of and are not
guaranteed by Chevy Chase Bank, and; are subject to investment risks,
including possible loss of the principal invested.
The bank also offers innovative Banking Packages that combine deposit,
credit, and other relationships into one convenient package and provide
customers with extra rewards for consolidating business at the bank.
The bank serves more than 1 million households in the greater Washington
market and employs more than 4,000 individuals. For more information about
Chevy Chase Bank, please visit http://chevychasebank.com.
Contact:
Donna Pennington, First Data, 402-222-6178,
donna.pennington@firstdatacorp.com
SOURCE First Data Corp.
 back to top
Related links:
http://www.firstdata.com
http://chevychasebank.com
CONTACT:
Donna Pennington, First Data,
+1-402-222-6178, donna.pennington@firstdatacorp.com
|
