| Pipeline Data Renews Agreement with First Data
QUINCY, Mass.--(BUSINESS WIRE)--Pipeline Data Inc. (OTCBB:PPDA), a valued-added provider of merchant payment processing services and other related software products, announced today that is has renewed its merchant processing agreement with CTS Holdings, LLC, a subsidiary of First Data Corp. (NYSE: FDC). First Data will continue to provide comprehensive card processing services to Pipeline's merchant account base. "We are very pleased to continue our successful partnership with First Data," said Pipeline's chief executive officer, MacAllister Smith. "As an acknowledged leader in the card processing industry, First Data provides the advanced technology and dedicated service that helps us meet the needs of our merchants." "We look forward to extending our relationship with Pipeline Data through the continued inclusion of First Data card processing in its integrated suite of merchant services," said Rick Learch, senior vice president, First Data Commercial Services.
bellwetherreport.com: US Bancorp is Added to Watch List
Not quite a bank for the entire US, U.S. Bancorp operates nearly 2,500 locations, along with almost 5,000 branded ATMs in about 25 midwestern and western states. The bank holding company, one of the 10 largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as mortgage banking, wealth management, corporate payment services, equipment leasing, and insurance. Among other units, NOVA Information Systems is a leading processor of merchant credit card transactions in the US and Europe. FAF Advisors (formerly U.S. Bancorp Asset Management) changed its name in 2006 to emphasize its relationship with the First American family of mutual funds that it manages. Shares were down 0.47% Receives 'Outstanding' CRA Rating. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio.
American Express Reshuffles Business Into Two Customer-focused ...
6/20/2007 12:36:38 PM In order to better position itself for growth, American Express Co. (AXP) said Wednesday that it has reorganized the company into two distinct customer-focused groups namely, Global Consumer Group and Global Business-to-Business Group. The company also reported some management changes to reflect the new organization structure.
The New York-based global payments, network and travel company said that the reorganization would come into effect from July 1, 2007.
Alfred Kelly, Jr., who has been promoted to president of American Express Co., will head the Global Consumer Group while Edward Gilligan, who is promoted to vice chairman of American Express Co., will head the Global Business-to-Business Group. Kelly and Gilligan will report to American Express Co., Chairman and CEO Kenneth Chenault.
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