Wednesday, June 29, 2016

Silicon Valley Bank, First Data Link On Payment Processing

Payment processing firm First Data and Santa Clara-based Silicon Valley Bank announced this morning that the two are in a new partnership, where First Data will offer up its payment acceptance for Silicon Valley Bank's clients. FInancial details of the link were not disclosed. The two said they specifically are looking at "borderless commerce" for clients in the technology, life sciences, venture capital, private equity, and the wine industry.