Benzinga | Oct 22, 2020 07:39AM EDT

Alliance Data Selects Fiserv For Credit Processing Services

- Strategic agreement reflects Alliance Data's continued focus on tech modernization, delivering enhanced payment and servicing capabilities and continued efficiencies

- Migration to industry-leading processing platform will enable faster speed-to-market for new products, credit program launches and portfolio conversions

COLUMBUS, Ohio, Oct. 22, 2020 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE:ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced that its Card Services business, a premier provider of branded private label, co-brand and commercial card programs, has signed an agreement to transition credit card processing services to Fiserv (NASDAQ:FISV), a leading global provider of payments and financial services technology solutions.