First Data and AT&T Renew Networking ContractDate: Tuesday, October 26, 2004
AT&T and First Data Corp. , a global leader in electronic commerce and payment services, today announced a three-year networking agreement with AT&T for an extensive portfolio of integrated data and voice services. Terms of the contract were not disclosed.
"With millions of consumer and business transactions daily, we need to engage in all types of transactions quickly," said John C. Smith, vice president, Telecommunications Procurement, First Data. "This solution delivers a robust network with the speed, flexibility and performance needed to streamline the way we work with our customers' and merchants' accounts."
AT&T's Transaction Routing Service, which runs on a network-based Internet Protocol Virtual Private Network (IP VPN), will handle millions of financial transactions per month. First Data customers and businesses in the United States, its territories, Canada and Caribbean countries will benefit from the service.
Building on a long-term business relationship, AT&T will provide a portfolio of voice, data and Internet services to support the telecommunications requirements of First Data.
First Data will receive a flexible and reliable networking foundation that integrates a portfolio of AT&T's premier business services, including local-access, private-line and long-distance services, as well as IP-enabled high-speed data services and global Internet access.
In addition, AT&T will continue to provide a sophisticated data transaction network for First Data's Western Union(R) subsidiary. The Western Union and Orlandi Valuta network includes more than 202,000 agents in more than 195 countries and territories and allows consumers to efficiently transfer money to friends and relatives virtually anywhere in the world.
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