First Data adds Sears Cards to Citibank deal

DENVER , Colo. — Electronic commerce and payments leader First Data announced in a June 24 news release that it has expanded its relationship with Citibank. The two companies have signed a long-term processing agreement that would expand their existing relationship to include processing services for the Sears, Roebuck & Co. Card Portfolios.

The extended partnership calls for a focus on private label and private label co-brand bankcards, in addition to accounts currently processed for Citibank. First Data is expected to add the Sears co-brand bankcard and private label card portfolios in second quarter 2006.

First Data adds Sears Cards to Citibank deal

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