STRATEGIC PARTNERS
January 6, 2002
MEMPHIS, Tenn. -- Citizens Financial Group Inc. (Citizens), a $30.9 billion financial services company headquartered in Providence, R.I., has signed a long-term contract for processing services with Concord EFS Inc. (Nasdaq:CEFT).
In addition to driving Citizens' 820 ATMs, Concord will also provide online debit card authorization, signature debit card processing and gateway access to debit networks.
"We liked the fact that Concord is committed to the financial services industry and to working collaboratively with financial institutions to expand applications for ATMs and debit cards," said Mark Formica, vice chairman of Citizens Financial Group Inc.
Citizens Financial Group Inc. operates as Citizens Bank in Connecticut, Massachusetts, New Hampshire and Rhode Island. Citizens is wholly owned by The Royal Bank of Scotland Group plc. With more than 330 branches and 800 ATMs in Connecticut, Massachusetts, New Hampshire and Rhode Island, Citizens is the second largest commercial bank holding company in New England.
