First Data and PayPal partner for new online payment program

 First Data, a global leader in electronic commerce and payment processing, in association with the online payments provider PayPal have launched a new initiative to allow cardholders in First Data’s STAR® Network to quickly link their STAR debit card to a PayPal account online. First Data’s STAR Network is the first electronic funds transfer network to offer such kind of services to its clients.

The STAR Online Partner service enables consumers to subscribe for PayPal via their financial institution’s Internet banking site. After successful registration new PayPal accountholders can immediately top their accounts from their debit cards and make online purchases without having to enter debit card account information or expose their debit card number to merchants for each purchase. In addition, participating financial institutions provide authentication for the cardholder, adding an extra layer of security to the account. 

 “First Data’s STAR Network is the first company to use the PayPal Debit Access service which we are introducing to financial institution networks globally,” said Jack Stephenson, senior vice president, PayPal. “This new relationship is a great example of how financial services leaders such as First Data and PayPal can come together to offer new, innovative services to consumers who want to shop online.”