Atlanta -- First Data Corp. said Thursday that it has entered into an agreement with Kohl’s Department Stores to provide payment processing services for the company’s private brand credit-card accounts.
The multi-year agreement calls for First Data to provide Kohl’s with credit-card processing, customer analytics, risk-management services and automated customer service workflow tools.
Financial terms of the agreement were not disclosed.
Kohl’s partnership with First Data will not affect Kohl’s current credit-card arrangement with Chase or the company’s previously announced agreement with Capital One.
“Choosing a world-class partner for payment processing with an ability to respond to the changing payments landscape was important given the success and ongoing growth of Kohl’s credit card program,” said Wes McDonald, Kohl’s senior executive VP and CFO.
A conversion date is still being determined, according to First Data.