"First Data [image-nocss] and InComm are leaders in the stored-value market, and we're pleased to continue working together to deliver tremendous value to our mutual customers," said Brooks Smith, president and CEO of InComm.
"As a strategic partner for many years, this decision lets both parties focus on the unique value we each bring to our mutual customers and the market," said Ed Labry, president of First Data's USA division. "We look forward to continuing our relationship with InComm and building on the successful relationships we have with our customers."
Atlanta-based InComm develops, markets and distributes stored-value gift and prepaid products using point-of-sale (POS) transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With almost $8 billion in retail sales transactions processed in 2007, InComm is one of the nation's largest distributors of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 145,000 retail locations the products and services their customers demand.
First Data processes transaction data. It serves more than 5.4 million merchant locations and more than 2,000 card issuers and their customers. The Denver company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2.1 million ATM and retail locations.
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