Apr 6

roulette-wheel 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.

Aug 18

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.