Pipeline Data, Fidelity National Sign Payment Processing Agreement

The deal provides comprehensive back-office merchant processing services.

Pipeline Data (OTCBB:PPDA) has joined forces with Fidelity National Information Services (NYSE:FIS). Through the partnership, FIS will provide Pipeline Data with comprehensive, back-office merchant processing services, including settlement, chargeback processing, retrieval services and customer support.

Pipeline Data is a value-added provider of merchant payment processing services and other related software products. Fidelity National provides processing services to financial institutions, card issuers and mortgage loaners.

"After analyzing several providers, our management team determined that FIS is the best choice to support our overall business objectives," MacAllister Smith, CEO of Pipeline Data, said in a statement.