Under the agreement, the three companies are set to work together in order to introduce Immediate Payments in Australia which would enable consumers and businesses to transfer funds between bank accounts in real-time.
First Data provides merchants, financial institutions and their customers with payment by debit or credit card, gift card, check or mobile phone, online or at the checkout counter. In recent news, financial institution Kilowatt Credit Union selects First Data for debit processing services. Financial terms of the agreement have not been disclosed.
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