First Data and Navient Announce Agreement on Student Loan Technology
FIRST DATA CORP (FDC)
Last first data corp earnings: 7/25 06:50 am
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Source: Business Wire
NEW YORK & WILMINGTON, Del.--(BUSINESS WIRE)-- First Data (NYSE: FDC) and Navient (Nasdaq: NAVI) announced they have reached a strategic agreement for First Data to become the primary provider of technology solutions for Navient’s federal and private education loans. This agreement expands on First Data and Navient’s longstanding partnership to support private student loans. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180523005679/en/ As a part of the agreement, First Data will acquire Navient’s student loan technology platform. Navient information technology talent who manage the platform will join First Data. First Data is one of the world’s largest providers of credit processing services, with more than a billion accounts on file. This agreement will also position First Data as a major provider in the student loan technology market and allow
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