November 06, 2002

JP Morgan Chase has renewed its debit card processing contract with First Data Corp., signing a multi-year agreement. One of the top 10 debit card issuers in the United States, JP Morgan Chase has been pleased with the relationship.

"First Data's customized processing solution offers us the flexibility we need to continue to grow our debit card program," according to Frances Davis, senior vice president at JP Morgan Chase.

Denver-based First Data processes more than 53 million debit cards for some of the world's largest debit card issuers.