KeyBank renews contract with Star

KeyBank renews contract with Star
April 6, 2004

DENVER — Star Systems, which was acquired by First Data in February, has renewed its agreement with KeyBank.

Under the terms of the long-term agreement, the Star network will continue to provide PIN-secured debit access at retailers and ATMs, and ATM and signature debit card processing for KeyBank's 2,200 ATMs and 4.6 million credit and debit cards.

In 2003, the Star Network served 1.26 million ATM and point-of-sale locations nationwide. However, it also lost the business of some large financial institutions, including Bank of America and Wells Fargo.