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

“We're committed to helping each of our member-owner credit unions better serve their membership. We offer robust products with competitive pricing from a single technology provider, a provider who not only understands our unique business needs, but who is also a strategic partner. First Data has been that partner for more than 15 years, and we're pleased to extend that relationship,” said Serlo in a prepared statement from First Data. “Working with First Data allows us to help our credit unions across the country successfully manage and grow their portfolios while protecting themselves and their members with cutting-edge fraud products.”

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