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In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue credit cards. [3] In 1968, due to an investment in real estate not permitted under a straight banking charter, the bank reorganized as a subsidiary of the bank holding company, First National of Nebraska ...
In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue credit cards. [2] In 1968, the bank was reorganized under the bank holding company, First National of Nebraska, Inc. In 1971, employees started moving into the 22-story First National Center. Attached to ...
In 1969, one of these unsolicited cards, First National Bank of Omaha, came to Iowa resident Fred Fisher. He filed suit in the Southern District of Iowa against the Omaha bank on September 3, 1971, for exporting Nebraska's higher interest rates to his state. He alleged that since that state's legislature had fixed the usury ceiling at nine ...
In 2010, the company acquired a 51% stake in the merchant acquisition business of First National Bank of Omaha for $150.5 million, which was renamed TSYS Merchant Solutions. The remaining 49% stake was acquired in January 2011. [11] In May 2011, the company acquired TermNet. [12]
Bruce R. Lauritzen was the chief executive officer of Lauritzen Corporation, as well as Chairman of First National of Nebraska, Inc., First National Bank of Omaha, and more than a dozen other banks and bank holding companies operating in Nebraska, Iowa, Illinois, South Dakota, Kansas, Colorado and Texas until his death in February 2024. [9]
First Data Resources (FDR) was founded in Omaha, Nebraska in June 1971 by Perry "Bill" Esping, along with Mike Liddy and Jack Weekly. [14] [15] It started off by providing processing services to the Mid-America Bankcard Association (MABA). In 1976, First Data became the first processor of Visa and MasterCard bank-issued credit cards. [16]
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Major tenants over the years were some offices of First National Bank of Nebraska, currently the largest privately owned bank in the United States, along with the credit card and processing divisions of subsidiary First National Bank of Omaha, occupied the building until the new First National Bank Tower opened in 2002. At the time the building ...
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