Under terms of the agreement, First Data will partner with Talmer Bank and Trust to distribute payment processing services to the bank’s clients throughout their client-facing channels, including its 42 retail branch network. First Data will manage operations, risk management and merchant sales activities, leveraging the Talmer Bank and Trust brand and the strength of their relationships.
“Talmer Bank and Trust is looking forward to this strategic partnership,” Vincent Szymborski said, managing director of retail product management for Talmer Bank and Trust. “As a rapidly evolving community bank dedicated to customer service, we need a partner that can support our efforts and provide the breadth and depth of client solutions offered by First Data.”
“Our core vision of delivering innovative products while fulfilling the brand promise of partners matches extremely well with the mission of Talmer Bank and Trust,” Neal Korzekwinski said, senior vice president, First Data. “We are excited to stand alongside Talmer as the evolution in point-of-sale payments continues.”