According to a press release, First Data Corp. announced its STAR Network has signed a multi-year agreement with SunTrust Banks Inc. to provide PIN-secured debit point-of-sale and ATM access to its cardholders. Terms of the agreement remain confidential.
"Our choice of PIN debit network was based on a client-centric approach to decision-making and required an exhaustive evaluation of the leading providers in the market," said Steve Karp, senior vice president, Enterprise Payments Strategy, for SunTrust. "Throughout that process, STAR demonstrated to SunTrust its unwavering focus on creating value for their members, bringing best-in-class innovation to the market, and leveraging their talented and committed senior leadership team. We believe we've selected the best network and long-term partner."
