When it comes to servicing the gaming industry it seems that cooperation, at least in this instance, can be more profitable than competition, or so believe the companies of USA Processing, First Data Corp. and BankAmerica Corp.’s Merchant Services Inc. who sought government regulatory approval for their joint venture in the transaction processing marketplace.
“There was a lot of synergy,”
says Kirk Sanford, the spokesman for USA Processing of Sunnyvale, California.
“Our working together was something actually suggested by our customers.”
Cooperation did not come as a huge surprise since the paths of these companies often crossed while supplying service and products to the gaming industry. USA Processing spokesman Kirk Sanford would not disclose the role his company would play in this new joint venture, but he did explain that USA processing is an independent payment company working with the gaming, banking and retailing industries.