American Banker reports on joint venture

First Data Corp., Bank America Corp.’s BA Merchant Services Inc. and USA Processing individually provide credit card, debit card, automated teller machine (ATM), check cashing, and Western Union (WU) money transfer services across a total of 1,200 gambling properties in the U.S. Now, they are seeking regulatory approval for a new joint venture in these spheres that are traditionally their fields of competition. Under the joint venture, these various financial services  would join the 1,200 casinos across the U.S. under the one joint company. Read more on this venture here.

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