ATLANTA -- First Data Corp. announced that it has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit card accounts.
Under the multi-year agreement, First Data said it will provide Kohl’s with credit card processing, customer analytics, risk management services and automated customer service workflow tools. Financial terms of the agreement were not disclosed. Kohl’s partnership with First Data will not affect Kohl’s current credit card arrangement with Chase or the company’s previously announced agreement with Capital One.
“We’re pleased to partner with First Data and value their technological capabilities, system flexibility and broad portfolio of innovative services,” said Wes McDonald, Kohl’s senior EVP and CFO. “Choosing a world-class partner for payment processing with an ability to respond to the changing payments landscape was important given the success and ongoing growth of Kohl’s credit card program.”