Wachovia/Wells moving to First Data

Posted on June 15, 2009 by Tom Mahoney

You probably know that Wells Fargo took over Wachovia. Now those cards will be processed by First Data. First Data announced that Wells Fargo & Company expanded its agreement for card processing services. Now Wells Fargo will move its newly-acquired Wachovia credit card portfolios to First Data for comprehensive card processing services.

A lot of on-line merchants have issues with First Data so this partnership probably won’t be welcomed by the merchant community. There’s nothing we can do about it but I thought you’d want to know.

About Tom Mahoney

Tom Mahoney is the Founder and Director of Merchant911, a site dedicated to helping e-commerce merchants.
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Tom

Bruce, you expect big things from little minds.

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Bruce Barnes

Maybe now they will actually combine my single account into one account and I won't be double charged for my credit card processing fees.

Every month, for the last 6 years, we go round and round about being double-billed because of the way my Authorize.net account was initially setup. Nobody ever listens to what I write or have to say at First Data, all they know how to say is "your fees are based on the 24 hour service you get."

I've never had to call them except for the fees, so they can close up the customer dis-service department if they like - I wouldn't miss it at all!

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